“The belief is that a lot of the challenges in the banking system are essentially on large businesses. I think we’ve also a pretty sensitive
Category: IBC-SEBI
UltraTech shows up two flaws in IBC: Mend, to maximise value of distressed asset–Economic Times–21.03.2018—–*****
That one of the bidders for an asset being sold in the resolution process under the Insolvency and Bankruptcy Code (IBC) is offering, outside the
Narendra Modi government clips wings of Super Rich! 91 big businessmen land in no-fly list – The Financial Express–21.03.2018
India is clipping the wings of businessmen it considers a flight risk. Weeks after the nation’s largest bank fraud investigation began, lawmakers, bureaucrats and court
The Bankruptcy Code is on test – Business Line–21.03.2018
Despite some flaws and the cases slowing it down, the new Insolvency Act is making India Inc wary about its debt pile For months, Dalmia
Insolvency and Bankruptcy Code: The trouble with resolution professionals | Business Standard News–19.03.2018
As the first flush of stressed assets under the Insolvency and Bankruptcy Code enter the final resolution phase, there are increasing instances of actions of
Insolvency and Bankruptcy Code: IBC panel for allowing lenders to invoke personal guarantees – The Economic Times–17.03.2018
The panel reviewing the Insolvency and Bankruptcy Code (IBC) has proposed that lenders to defaulting companies should be allowed to invoke personal guarantees, which in
Bankruptcy Code: Finance professionals on a roll as NCLT cases surge | Business Standard News–17.03.2018
With 600-700 new NPA cases getting admitted into NCLT every month, demand for Resolution Professionals is on the rise; their number has more than doubled
Resolving the IBC and CCI conundrum: Why we are in a critical phase right now – The Financial Express–14.03.2018
Given the nature of transactions involved in the resolution plan, and their effect on competition in the market, the CCI approval shouldn’t be done away
Insolvency and Bankruptcy Code: The loopholes that need to be plugged–Business Today–14.03.2018
As the 12 big cases referred under the Insolvency and Bankruptcy Code (IBC) to the National Companies Law Tribunal (NCLT) approach the 180 day deadline
Insolvency pangs: More transparency and tweaking of the IBC will help | Business Standard Editorials–13.03.2018
The Insolvency and Bankruptcy Code, or IBC, has made some smart progress towards reconciling India’s humongous bad debt problem. Of the 12 indebted companies that
Insolvency and Bankruptcy Code left far too much room for interpretation | Business Standard Column–13.03.2018—–*****
To understand how protracted recovering money through sale of assets has become for banks, read some of the newspaper headlines relating to the insolvency cases
Insolvency resolution: Promoters of stressed MSMEs to get relief – The Financial Express–11.03.2018
Banikinkar Pattanayak | In a move aimed at providing relief to the micro, small and medium enterprises (MSMEs), a panel set up to look into
Careful in diluting IBC law, put some checks instead – The Financial Express–11.03.2018
The changes are probably being considered with a view to facilitating more transactions; there is a feeling some of the clauses may be constricting to
Bankruptcy Cases: Two close to resolution; six at different stages; four nowhere–09.03.2018
The creditors have chosen Tata Steel and UK-based Liberty House for running the bankrupt companies Bhushan Steel and Amtek Auto, respectively. Of the remaining 10
Bankrupt MSME promoters may be allowed to bid for their companies | Business Standard News–08.03.2018
The insolvency law committee, headed by the Ministry of Corporate Affairs Secretary Injeti Srinivas, is expected to suggest significant changes in the Insolvency and Bankruptcy
Highest bidder right choice under IBC–Economic Times–07.03.2018
The government has done the right thing by instructing public sector banks to go by the value of the bid while assessing alternate offers for
Banks may have to take 60% haircut in large NPA cases under IBC: CRISIL–Business Today–06.03.02018
The cases of non-performing assets (NPAs) which have been referred to the National Company Law Tribunal (NCLT) for resolution under the Insolvency and Bankruptcy Code
Waning Interest in Stressed Assets- Business News–06.03.2018
Insolvency proceedings against the 12 big companies are the first test of the effectiveness of the Insolvency and Bankruptcy Code (IBC) in handling non-performing assets
[ IBC–Bank NPAs ] Acting in Haste- Business Today–06.03.2018
The world’s largest economy, the US, has seen a decline in bankruptcy momentum in the last decade. From 300 bankruptcy filings (with debt of $4,09,534
How jury is still out on IBC verdicts – The Financial Express–04.03.2018
The Insolvency and Bankruptcy Code (IBC) has put a sturdier regulator, the Insolvency and Bankruptcy Board of India, on the lines of SEBI and IRDAI.
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