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
Category: IBC-SEBI
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
Bankruptcy cases: Resolution professionals under attack from bidders, NCLT | Business Standard News–25.04.2018
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
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