Rashesh Shah Since the Insolvency and Bankruptcy Code (IBC) came into effect about a year ago, one refrain has been the lack of progress on
Category: IBC-SEBI
Resolution professional valued Binani Cement assets improperly: NCLT | Business Standard News–04.05.2018—–*****
The Kolkata Bench of National Company Law Tribunal (NCLT), in its order, has upheld the allegations filed by the promoter of Binani Cement against the company’s resolution professional, Vijay
ArcelorMittal offers to clear dues of Uttam Galva and KSS Petron – Business Line–04.05.2018
ArcelorMittal, the world’s largest steel company, has offered to pay the ₹8,500-crore debt of both Uttam Galva Steels and KSS Petron as a “goodwill” gesture
Insolvency deadline ends today: Thriveni plan cancelled; Lanco may face liquidation | The Indian Express–04.05.2018
The company is part of a dozen troubled companies —with a combined debt of close to Rs 2.4 lakh crore — which the Reserve Bank
Bankruptcy: View: Government should not let bankruptcy resolution be taken for a ride by crony capitalists – The Economic Times–02.05.2018
Those who live by the sword die by the sword. Is crony capitalism in India to be slayed by cronies? Unless specific, urgent attention is paid to
Operational creditors file application to stop Alok’s liquidation – The Economic Times–02.05.2018
A group of 10 operational creditors has filed an application objecting to the proposed liquidation of the debt-laden Alok Industries under insolvency proceedings intensifying the fight to save a
Bhushan Power: Final call on second round of bids on Tuesday – The Financial Express–01.05.2018
The committee of creditors (CoC) for Bhushan Power and Steel are in the process of deciding whether to go for a second round of bidding
Beware wilful defaulters! Now PSBs start forensic audit of ‘potential’ NPA accounts – The Financial Express–01.05.2018
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
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
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