The Companies Amendment Bill passed by Parliament has brought relief for creditors involved in insolvency proceedings allowing them to acquire shares of insolvent company at
Category: IBC-SEBI
Bankruptcy: More changes to bankruptcy code likely in Budget – The Economic Times–21.12.2017-R
The government will fix a few urgent problem areas in the insolvency ordinance when it is brought to Parliament in the ongoing session but is
State Bank Of India: Bidders for stresed assets have to provide funding source, cheques – The Economic Times–20.12.2017
Banks led by the State Bank of IndiaBSE 0.17 % (SBI) have decided that bidders for stressed assets in ongoing insolvency proceedings will have to
Irrelevance of Liquidation Value in Insolvency & Bankruptcy Code–20.12.2017
By M R Umarji The Insolvency and Bankruptcy Board of India (IBBI) has framed regulations for insolvency resolution process which provide that liquidation value means
Insolvency and Bankruptcy Code: RBI asks banks, financial institutions to share info about assets of creditors with information utilities – The Financial Express–20.12.2017
The Reserve Bank today asked banks and other financial institutions to share information about assets of creditors with information utilities registered under the insolvency law.
Stressed assets: Why throwing out promoters should not mean liquidating companies – The Financial Express–20.12.2017
The continuing bankruptcy filings with the NCLT for some of the largest NPAs and the recent bank recapitalisation announcements are welcome steps towards resolving the
Access to info utilities under bankruptcy law: IBBI proposes, RBI disposes | Business Standard News–19.12.2017-R
Even as the Insolvency and Bankruptcy Board of India (IBBI) has issued standards for public information registries or information utilities to make the bankruptcy process
Firms acquiring stressed assets under insolvency may get tax relief | Business Standard News–19.12.2017
The government is considering giving tax relief to companies that acquire stressed assets under the insolvency process. Some of such steps like carrying forward tax
Unitech takeover by Centre a good idea, may bring relief to homebuyers – The Financial Express–14.12.2017
The government’s decision to take over Unitech, which has failed to deliver homes to thousands who booked apartments, shows it means business. While it is
Unitech shares crash after SC stay order on govt takeover of realty major | Business Standard News–14.12.2017
The Supreme Court has stayed the National Company Law Tribunal’s (NCLT’s) order allowing the government to take charge of the management of stressed real estate
Unitech wants Supreme Court to stay NCLT order immediately – The Economic Times–13.12.2017
Unitech on Tuesday urged the Supreme Court to immediately stay the National Company Law Tribunal’s (NCLT) order directing the government to takeover the builder’s management.
Why differentiate between NCLT, non-NCLT cases: Sajjan Jindal | Business Standard News–13.12.2017
JSW Group Chairman Sajjan Jindal has questioned why the promoters of stressed assets in the RBI’s second list were allowed to participate in the debt
SC says NCLT order on Unitech ‘disturbing’, hearing to resume today | Business Standard News–13.12.2017
The Supreme Court has expressed its unhappiness over the National Company Law Tribunal (NCLT) passing an order against realty major Unitech, putting at risk the
Unwise move | Business Standard Editorials–13.12.2017
The affairs of real estate giant Unitech have taken a new and disturbing turn. The company is in trouble essentially because it has failed to
Bankruptcy: SMEs’ claims may get higher priority in liquidation cases – The Economic Times–12.12.2017
The government is looking at a proposal to give higher priority to the claims of small operational creditors in cases of liquidation under the bankruptcy
Insolvency guidelines: In collateral damage, a few good promoters will get hurt – The Financial Express–12.12.2017
This holds for cricket, where the commentator may have never held the bat or could have been a very unsatisfactory one-day batsman, but may still
Ending exemptions can take tax-to-GDP ratio to 22 pct, says Narendra Modi’s chief economy advisor Bibek Debroy – The Financial Express–09.12.2017
Blaming India Inc’s lobbying for tax exemptions, Prime Minister’s Economic Advisory Council chairman Bibek Debroy has said eliminating such exemptions can help increase the tax-to-GDP
Govt moves to take control of Unitech; NCLT supersedes board | Business Standard News–09.12.2017
The corporate affairs ministry has moved the National Company Law Tribunal (NCLT) seeking management control of debt-ridden real estate company Unitech on the grounds of
Bank insolvency Bill has safeguards for depositors | Business Standard News–09.12.2017
The Financial Resolution and Deposit Insurance (FRDI) Bill dealing with the insolvency of financial services providers such as banks seeks to provide protection to bank
Insolvency resolution: Top 5 steel firms need to pay Rs 29,000 cr to bid | Business Standard News–
Promoters of five steel majors undergoing insolvency resolution will have to cough up a total of at least Rs 29,000 crore to be eligible to
aniltikotekar4sme.com 