Resolution professionals (RPs) are coming under sharp attack not only from bidders but also the National Company Law Tribunal (NCLT) for not following the process
Category: IBC-SEBI
RERA: ET View: Amend IBC to bring it in sync with RERA – The Economic Times–24.04.2018
The government must amend the IBC to recognise the legitimate claim of home buyers. A paper by industry lobby Assocham surmises that the Insolvency and Bankruptcy Code and the
Insolvency and Bankruptcy Code: Why defaulters can’t be let to buy firms at cut-rate prices – The Financial Express–24.04.2018
The judges could have considered the fact that the Insolvency and Bankruptcy Code (IBC) is in its early days—the government has amended it once already,
NCLT allows Liberty House bid for Bhushan Steel – Business Line–24.04.2018
The National Company Law Tribunal (NCLT) today asked the lenders of Bhushan Power & Steel, led by PNB, to consider the bid submitted by UK-based
NCLAT adjourns hearing on Reliance Infratel asset sale to May 2–24.04.2018
The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned to May 2 its hearing on the Reliance Infratel petition seeking permission to sell its
IBBI must thwart bankruptcy getting stymied–23.04.2018
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
Right to equality can be invoked if COC violates IBC: NCLT Chairman – The Economic Times–22.04.2018
National Company Law Tribunal (NCLT) Chairman Justice M M Kumar today said that Article 14 of the Constitution (right to equality) can be invoked if the committee
NCLAT refuses stay on Binani Cement proceedings at Kolkata NCLT – The Financial Express–22.04.2018
The National Company Law Appellate Tribunal (NCLAT) today refused to stay the NCLT proceedings on the resolution process of debt-ridden Binani Cement. The appellate tribunal,
RP tells NCLT Rewant Ruia end beneficiary of Numetal – The Financial Express–22.04.2018
According to the RP, on the date of submission of the Numetal Resolution plan, (Feb 12, 2018), the shareholding of the applicant was: 40% held
Bankruptcy: View: India turns a bad-loan tragedy into a bankruptcy farce – The Economic Times-21.04.2018—–*****
India’s banks have waited for more than a decade for a modern bankruptcy code. By Andy Mukherjee Want to screw up a good law? Just
Focus on market for resolution assets–Economic Times–20.04.2018
It is welcome that the first resolution under the Insolvency and Bankruptcy Code (IBC) has been completed, with the National Company Law Tribunal (NCLT) approving
Insolvency: Electrosteel becomes first of ‘Dirty Dozen’ to be resolved under Insolvency Code–18.04.2018
Anil Agarwal, chairman of the Vedanta Group told BloombergQuint that the Vedanta Group would look to complete the process of taking over Electrosteel Steels very
RBI must not relax new rule – Here is why – The Financial Express–18.04.2018
Ever since the Reserve Bank of India (RBI) came up with stringent rules for identifying and dealing with stressed exposures, both banks and the government
Protecting the insolvency process | Business Standard Editorials–18.04.2018
In February, the Reserve Bank of India (RBI), which serves as the banking regulator and is thus overseeing the bank asset clean-up process, had announced stringent norms
RBI may loosen NPA norms to let banks breathe easy – The Economic Times–17.04.2018
The Reserve Bank of India (RBI) may relax some of the stringent norms for treatment of bad loans that it announced in February without diluting their spirit,
IDBI Bank: NCLT admits S Kumars for insolvency proceedings–Economic Times–17.04.2018
The Mumbai chapter of the National Company Law Tribunal (NCLT) last week admitted textiles and apparel company S Kumars NationwideNSE 20.00 % for insolvency proceedings after the state-owned IDBI
Alok Industries: Alok lenders reject Reliance Industries-JM Financial ARC’s revised offer – The Economic Times–17 04 2018
Lenders to Alok IndustriesNSE -9.76 % have rejected a revised offer by Reliance Industries-JM Financial ARC to acquire the bankrupt company, implying that the borrower may head
RBI should stay firm on bankruptcy norms–Economic Times–17.04.2018
The finance ministry reportedly wants the Reserve Bank of India (RBI) to ease the norms for bad loans, ostensibly to prevent mass corporate distress. This
Insolvency and Bankruptcy Code: There is no alternative to the process – The Financial Express–17 04.2018
The Supreme Court’s disinclination to interfere in the Insolvency and Bankruptcy Code (IBC) process and entertain a petition by Binani Industries to terminate insolvency proceedings
Binani: SC order a new opportunity–Economic Times–16.04.2018
When Binani Cement moved the Supreme Court seeking to exit the resolution process under the Insolvency and Bankruptcy Code (IBC) overseen by the National Company