With an aim to identify possible non performing assets (NPAs), public sector banks have started carrying out audits on accounts which have loans of above
Category: IBC-SEBI
Insolvency process: Adhunik Metaliks RP likely to seek more time — The Financial Express–01.05.2018
For Adhunik Metaliks, there are only two resolution applicants — UK-based Liberty House and Maharashtra Seamless of the DP Jindal Group. In an attempt to
IBBI must thwart bankruptcy getting stymied–Economic Times–01.05.2018
The rules set to implement the Insolvency and Bankruptcy Code would appear to be in conflict with the public policy goal of securing the highest
NCLAT to hear NuMetal, ArcelorMittal petition in Essar Steel case on May 17 | business news | Hindustan Times–01.05.2018
The National Company Law Appellate Tribunal (NCLAT) on Friday agreed to hear cross petitions filed by Essar Steel bidders NuMetal Ltd and ArcelorMittal India Ltd
Resolving individual insolvency cases a distant dream | Business Standard Column–30.04.2018
The erstwhile regulatory system for liquidation or resolution or reconstruction of sick companies operated under fragmented laws. The Insolvency and Bankruptcy Code can be regarded as a
Uncertainty over how RERA provisions will play out for realty firms in NCLT | Business Standard Column–30.04.2018
The Insolvency Law Committee in its review of the operations of the Insolvency and Bankruptcy Code (IBC) has sought to give a voice to stressed-out homeowners where
‘Early initiation prevents ballooning of insolvency’ – Business Line–30.04.2018-R
IBC ensures minimum liquidation value for operational creditors: Insolvency and Bankruptcy Board head In a bid to prevent chronic defaulters and fraudulent promoters from regaining
‘RBI fiat on loan revamp for 1-day payment delay right’ – The Hindu–30.04.2018
The culture of saying ‘okay’ for 10-day delay needs to change, says R. Seshasayee, chairman, IndusInd Bank The Reserve Bank of India’s (RBI) circular directing
CAs, bankers in a rush to pass insolvency exam – Rediff.com Business [published on 04.07.2017 ]–27.04.2018
Test on lines of IIT-JEE With the Reserve Bank of India (RBI) asking banks to take defaulters through the insolvency process, the role of insolvency
Systems, practices need to develop before allowing pre-packs: IBBI chief – Business Line–27.04.2018-R
Business enterprises may have to wait for some time to use the concept of “pre-packs” as part of the insolvency regime, Insolvency and Bankruptcy Board
‘Give NCLT the power to replace RP’ – Business Line–27.04.2018
The panel of experts constituted by the government to review the Insolvency and Bankruptcy Code (IBC) has recommended that the National Company Law Tribunal (NCLT)
The IBC requires some cleaning up | Business Standard Column–27.04.2018
Questions persist on the legal standard that insolvency professionals – particularly those who replace the authority of the boards of directors of insolvent companies –
Take bad asset bidding online – Business Line–27.04.2018
This option will not only reduce litigation but also bring in transparency Over a year after its enactment, the Insolvency and Bankruptcy Code has kicked
Insolvency crisis: 2500 bankruptcy cases, but where are the judges? | Business Standard News–26.04.2018
India’s revamped bankruptcy process is in full swing and investors from Blackstone Group LP to Oaktree Capital Group LLC are salivating over an estimated $210
Time ripe to consider ‘pre-packs’ under insolvency: NCLT President – Business Line–26.04.2018
India would do well to consider ushering in the concept of ‘pre-packs’ in its insolvency regime, the National Company Law Tribunal (NCLT) President MM Kumar
NCLT allows ICICI Bank’s plea for insolvency resolution process against Unimark Remedies – Business Line–26.04.2018
The Mumbai Bench of the National Company Law Tribunal has admitted ICICI Bank’s plea to initiate corporate insolvency resolution process against Unimark Remedies Ltd to
NCLT reserves order in Binani Cement’s insolvency resolution process – Business Line–26.04.2018
The Kolkata bench of National Company Law Tribunal (NCLT) on Tuesday reserved its order in the ongoing corporate insolvency resolution process of Binani Cement. The
Videocon approaches NCLT to list all insolvency cases together – Business Line–26.04.2018
Debt-ridden Videocon Group today approached the principal bench of NCLT requesting it to direct all insolvency case, filed by its lenders against seven group companies
Essar Steel: Lenders’ call on new round of bidding this week – Business Line–26.04.2018
Essar Steel’s Committee of Creditors (CoC) is veering towards inviting fresh bids for the stressed asset, paving the way for JSW Steel, Vedanta, Tata Steel,
IBC relief: New bankruptcy code tweak could put MSMEs ahead in claims queue – The Economic Times–25.04.2018
The ordinance is likely to allow people to file resolution applications on behalf of the financial creditors as their guardians or the administrators or executors
aniltikotekar4sme.com 