Modi’s IBC crusade: Last June, the Reserve Bank of India (RBI) released a list of 12 companies constituting 25% of India’s total NPAs (Non-Performing Assets)under thename ‘Dirty
Category: IBC-SEBI
RCom breathes easy as tower arm clears hurdle – Business Line–30.05.2018
Reliance Communications’ efforts to sell its assets — part of its plan to pare debt — received a boost with subsidiary Reliance Infratel (RITL) reaching
Resolution across borders – Business Line–30.05.2018
The bankruptcy proceedings of Nirav Modi’s entities in the US highlight the urgent need for a robust cross border insolvency law Even as banks taste
Settle dispute mutually by 3 pm today: NCLAT to RCom, Ericsson | The Indian Express–30.05.2018
This suggestion was proffered by the NCLAT bench when in the course of the hearing RCom offered to make an upfront payment of Rs 500
Insolvency and Bankruptcy Code: Stakeholders of Tecpro, Educomp accuse promoters of flouting IBC rules – The Economic Times–29.05.2018
In two separate cases, stakeholders have complained of promoters abusing the Insolvency and Bankruptcy Code (IBC) to regain control of their lost assets even as government is
Modi’s IBC punch: New era for banking, SBI ex-boss Arundhati Bhattacharya says; but there’s a challenge – The Financial Express–29.05.2018
Modi’s IBC punch: With Bhushan Steel’s Rs 36,400 crore resolution under the IBC, paving the way for many more cases, former SBI Chairman Arundhati Bhattacharya said
Evaluating the IBC – The Financial Express–29.05.2018
While the conclusion of the sale of Bhushan Steel to Tata Steel via the Insolvency and Bankruptcy Code (IBC) process is confirmation that the insolvency process is
Insolvency: Binani Cement lenders vote for UltraTech’s Rs 79.60 bn offer | Business Standard News–29.05.2018
The Committee of Creditors (CoC) of Binani Cement on Monday voted in favour of UltraTech’s Rs 79.60 billion offer. All 100 per cent votes were cast in
Electrosteel sale status quo hurting banks, lift stay: Vedanta to NCLAT | Business Standard News–29.05.2018
Vedanta Ltd on Monday asked the National Company Law Appellate Tribunal (NCLAT) to vacate its order for maintaining status quo over the sale of debt-ridden Electrosteel
SBI tackles the problem | Business Standard Editorials–29.05.2018
State Bank of India (SBI) recorded a historically high quarterly loss in January-March 2017-18, according to the results released last week. The loss, of Rs 77.18
Bad loans: Are we celebrating the outliers? | Business Standard Column–29.05.2018
To the loud, self-congratulatory tweets of policymakers and politicians, supported by the media (which is quick to declare a few data points as a major
Insolvency and Bankruptcy Code: How inordinate delays can ruin the purpose of bankruptcy code – The Economic Times–28.05.2018
By Amitabh Kant In the Essar Steel matter before it, the National Company Law Appellate Tribunal (NCLAT) has stalled the resolution process, directing all concerned entities to abstain
Binani Insolvency: Dalmia moves SC again on UltraTech’s eligibility to bid | Business Standard News–28.05.2018
Just ahead of the scheduled meeting of the Committee of Creditors (CoC) of Binani Cement, which is undergoing bankruptcy proceedings, the Dalmia Bharat Cement-led consortium has moved Supreme Court for the
Binani Cement: Dalmia Bharat again moves apex court on NCLAT order – The Financial Express–27.05.2018
While the committee of creditors (CoC) of Binani Cement is expected to consider a revised offer from UltraTech Cement along with the company’s resolution plan
IBC–India Inc’s debt woes open new career path – Business Line–27.05.2018-R
India Inc’s debt problem may soon lead to a new career opportunity for bright young professionals entering the job market in India. Insolvency regulator IBBI
IBC–Law and learning | The Indian Express–27.05.2018
Of the two structural reforms associated with this government — the Goods and Services Tax and the Insolvency and Bankruptcy law — it is the
IBC–‘CoC is not proactive enough’ – The Hindu–27.05.2018-R
The Committee of Creditors (CoC) is not being proactive enough in dealing with the cases, Insolvency and Bankruptcy Board of India (IBBI) chairman M.S. Sahoo said on
Insolvency and Bankruptcy Code: IBC not being used to full extent; CoCs need to do more: M S Sahoo – The Economic Times–26.05.2018-R
Objective of the bankruptcy law is to resolve an insolvency and revive an asset for collective good and not to maximise value for a chosen
Not even Rs 1 lakh crore NPA resolved and 26 banks sitting on whopping Rs 7.3 lakh crore bad loans volcano – The Financial Express–26.05.2018-R
The NPAs of 26 banks were Rs 7.31 lakh crore on March 31, 2018. Narendra Modi government’s Insolvency and Bankruptcy Code (IBC) was hugely celebrated after
Tata Steel’s takeover of Bhushan Steel: IBC’s ‘operational’ test case | Business Standard News–26.05.2018
A series of tweets from Piyush Goyal, the officiating minister in the ministry of finance, on Friday set the tone of government narrative on the
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