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
Category: IBC-SEBI
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
Bail-in doubts — on financial resolution legislation – The Hindu–07.12.2017
Finance Minister Arun Jaitley has wisely sought to allay fears about a “bail-in” clause in the Financial Resolution and Deposit Insurance Bill, 2017. Introduced in
Myopia on limited liability will kill risk-taking–04.12.2017
In India, limited liability has become endangered. The principle that an investor’s liability is limited to the capital he or she has put into a
Bankruptcy code: SEBI working on norms to ensure firms comply with listing terms | Business Line–04.12.2017-R
SEBI is working on compliance norms that companies going through the insolvency process must stick to so as to ensure that interests of the stakeholders
insolvency: NCLT rejects Exim Bank’s claim of Rs 625 crore on JEKPL – The Economic Times–02.12.2017
Allahabad bench of the bankruptcy court has rejected a plea from Exim Bank to treat its claim of Rs 625 crore on JEKPL Private Limited
Insolvency and Bankruptcy Code paints all promoters with same brush – The Financial Express–02.12.2017
By Abir Roy The recently promulgated ordinance relating to the Insolvency and Bankruptcy Code (IBC) has generated a lot of buzz, and has evoked mixed responses
Resale curbs likely in toxic asset auctions | Business Standard News–02.12.2017
The government is in discussions as to whether it should put in reasonable restrictions for a limited period of time on the successful bidder of
Bankruptcy Code: Different treatment likely for SMEs facing insolvency – The Economic Times–01.12.2017
Government may consider giving different treatment to small and medium enterprises (SMEs) under the Insolvency and Bankruptcy Code (IBC) since they usually have limited number
Modi: IBC Ordinance: Modi government just walked into a trap that it unwittingly laid for itself – The Economic Times–01.12.2017
‘Defaults’, ‘wilful defaults’, ‘big corporate’, ‘Vijay Mallya’, ‘NPAs’, ‘nexus with banks’, ‘60 years of bad loans’, ‘bailout’ — phrases liberally used to score political points,
‘Employees and even tea vendors can invoke IBC to find redress’ | Business Line–01.12.2017-R
It’s not banks, but operational creditors, that have initiated the most number of cases under the Insolvency and Bankruptcy Code (IBC), said MS Sahoo, Chairperson,
Bankruptcy Code: Screws tighten on defaulters, personal guarantors too may now face insolvency heat – The Economic Times–30.11.2017
The Insolvency and Bankruptcy Board of India (IBBI) is expected to step up its drive against defaulters by allowing lenders to act against high-profile individuals,
Insolvency and Bankruptcy Code: IBC Ordinance: End of the road for dishonest promoters, but has anyone thought of the collateral damage? – The Economic Times–30.11.2017
Section 29A of the Insolvency and Bankruptcy Code bars ousted promoters of an insolvent company from regaining control. It has not specifically disarmed any class
Insolvency ordinance impact: Over 70% of SMEs face liquidation | Business Standard News–30.11.2017
Around 70% of small and medium enterprises (SMEs) undergoing insolvency proceedings face liquidation as their promoters are the only ones presenting resolution plans. The recent
Go for serious debt rejig, not to NCLT–Economic Times–29.11.2017
Depend upon it, Sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully. Many people know these
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