A panel to review the Insolvency and Bankruptcy Code (IBC) has reportedly recommended treating homebuyers as financial creditors to provide them relief. It also wants
Category: IBC-SEBI
Questions about IBC: New bankruptcy procedure is running into trouble | Business Standard Editorials–27.03.2018
A resolution professional (RP) has levelled allegations, through a filing at the National Company Law Tribunal, or NCLT, against the promoters of Binani Cement. The allegations are that the
Insolvency Resolution Professional New Age Liquidators Or A Bit More -Monish Panda – BW Businessworld–25.03.2018
The qualifications required to undertake the duties and obligations of the IRP, perhaps require review by the legislature. The Insolvency Resolution Professional (“IRP”) is an
Why financial creditor status for homebuyers won’t help – The Financial Express–24.03.2018
In the case of the Kotak-Cube bid for Jaypee Infratech, for instance, the team was willing to complete construction of the project across some 52
Insolvency resolution stumbles on 4 key issues raised by prospective buyers | Business Standard News–23.03.2018
With prospective buyers of stressed assets challenging the interpretation of clauses in the Insolvency and Bankruptcy Code (IBC) in four key areas, the resolution of
Bankruptcy matters – Business Line–23.03.2018
The fledgling Insolvency and Bankruptcy Code is on stress-test. The ongoing resolution process for a clutch of well-known defaulters such as Bhushan Steel, Bhushan Steel
Bankruptcy cases: Govt may allow more time to restructure as lawsuits mount | Business Standard News–22.03.2018
India may allow more time for the restructuring plans of defaulting companies to be approved, according to people with knowledge of the matter, as a
Uday Kotak: Watch: More pain lurking for banks in SME loans, says Uday Kotak | The Economic Times Video | ET Now–21.03.2018
“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
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
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