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
Category: IBC-SEBI
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
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
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