Reserve Bank of India (RBI) deputy governor, Viral Acharya called for a need to set up online platforn for trading and bidding platform of bad
Category: IBC-SEBI
RBI’s Acharya moots US-style trading platform for distressed assets | Business Standard News–21.01.2018
Reserve Bank of India (RBI) Deputy Governor Viral Acharya today suggested setting up of a online trading platform for selling distressed assets to ensure transparency
Insolvency and Bankruptcy Code: Don’t make it taxing-Here is why – The Financial Express–19.01.2018—–*****
To be sure, efforts are being made to ensure these assets are protected and transferred to the right hands; the government recently amended the IBC
Bankruptcy: Now, employees step in to save bankrupt companies – The Economic Times–18.01.2018
Employee buyouts or participatory managements are not commonplace in India, but the model could be explored for some companies hauled before insolvency courts, where affected
Modi Government: Defaulters use minor kin to evade scrutiny and recovery by lenders – The Economic Times–13.01.2018—–*****
Forensic investigators said they have found several promoters who used borrowings from banks to invest in real estate, land and commercial establishments in the names
Asset reconstruction companies to step up bad loan purchases in Q4 | Business Standard News–13.01.2018
Asset reconstruction companies (ARCs) are expected to step up purchases of bad loans in the fourth quarter (Q4FY18) as the recovery environment improves and commercial
NRE Coke: NCLT orders shutting NRE Coke but with a twist! – The Economic Times–12.01.2018—–*****
Under normal liquidation process, the company operation is shut first and then assets are sold to realise value. Slum sale of assets is expected fetch
‘IBC/ NCLT will succeed only if there is accountability’ | Business Line–12.01.2018
With just three weeks to go for the Union Budget, all eyes are on Finance Minister Arun Jaitley to see if he would bring legislative
Brief case: Clarifications on IBC, fresh auction with clear terms, and more | Business Standard Column–09.01.2018
More clarifications on bankruptcy code In yet another major clarification on the Insolvency and Bankruptcy Code, the Supreme Court has ruled that a lawyer on
The next level of credit analysis | Business Standard Column–Mr. Ajay Shah–08.01.2018—–*****
Credit risk analysis in India in the past has focused on the question: Will this company be able to pay its dues? Now we need
On way to insolvency, firms scout for fronts – The Hindu–08.01.2018
Whistle-blowers alert authorities A number of insolvency-bound companies, reeling under huge unserved loans, are scouting for front entities to buy them out in a distress
MAT: CBDT relaxes norms for MAT on firms facing insolvency – The Economic Times–07.01.2018
Keen to minimise hardship faced by companies going in for insolvency resolution, the government will from financial year 2017-18 allow a company to reduce amount
Why tax policy must support IBC intent – The Financial Express–07.01.2018—–*****
By- KS Mehta The Insolvency and Bankruptcy Code’s (IBC’s) welcome objective is expeditious revival of stagnating industrial investment, whether operating or capital work in progress,
Smaller PSBs beat giants in dash to NCLT, Bank of Baroda tops with 55 cases | Business Standard News–07.01.2018
Smaller banks have been more agile in the initial days of the Insolvency framework by moving more cases to the National Company Law Tribunal (NCLT).
Insolvency professionals: IBBI new norms raises doubts among insolvency professionals – The Economic Times–05.01.2018
The IBBI late on Wednesday came with a circular prohibiting outsourcing which many professionals say is confusing. Insolvency professionals are flummoxed by the latest rule
insolvency: IBBI bars insolvency professionals from outsourcing their responsibilities – The Economic Times–04.01.2018
“IPs shall not require any certificate from another person certifying the eligibility of a resolution applicant,” IBBI said. The Insolvency and Bankruptcy Board of India
Bankruptcy: IBC’s objective not to emphasise on liquidation: NCLT – The Economic Times–04.01.2018
National Company Law Tribunal (NCLT) president M M Kumar today said the objective of the Insolvency and Bankruptcy Code (IBC) is to find appropriate solution
Flexibility on bankruptcy | Business Standard Editorials–04.01.2018
Parliament on Tuesday gave its assent to the amendments that the government had proposed to the Insolvency and Bankruptcy Code, or IBC. These are meant
With IBC, banks will decide their fate | Business Standard News–04.01.2018
The government could be looking at giving tax exemptions to buyers of stressed assets because they may otherwise ask for more haircuts on assets. This,
Promoters now realise they aren’t irreplaceable: Sunil Srivastava, SBI – The Economic Times–03.01.2018
Bankers extended themselves in the past, even in matters beyond their realm, in trying to find solutions to problems faced by the promoters. NCLT is
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