The Reserve Bank of India has assured banks that they can classify priority loans extended to defaulting companies in the bankruptcy process as standard debt
Category: IBC-SEBI
State Bank of India: How a quashing petition twists loan default case–Economic Times–20.09.2017
The State Bank of IndiaBSE -0.87 %, the leading lender to Shree Ganesh Jewellers, now has to contend with a fresh twist in its criminal
Realty firm: Unitech serious developer, not fly-by-night operator: Chairman – The Economic Times–20.09.2017
Crisis-hit realty firm UnitechBSE -2.09 % today said it is a serious developer and not a fly-by-night operator, while promising that buyers will be compensated
Insolvency Code needs a few tweaks | Business Standard Column–20.09.2017
The Supreme Court’s decision to stay the order passed by the Allahabad Bench of the National Company Law Tribunal (NCLT), which initiated insolvency proceedings against
Bankruptcy Code: Supreme Court allows buyers to intervene in Jaypee case – The Economic Times–19.09.2017
The Supreme Court on Monday asked around 400 homebuyers of embattled Jaypee group to intervene in the main matter in which several buyers have moved
Stayzilla: NCLT orders StayZilla into insolvent liquidation in case file by vendor Jigsaw – The Economic Times–19.09.2017
The National Company Law Tribunal had ordered initiation of insolvency proceedings against hotel and homestay aggregator StayZilla, the consumer internet start-up that sparked national debates
Will use artificial intelligence to nab shell companies: P P Chaudhary | Business Standard News–19.09.2017
P P Chaudhary, the newly-appointed minister of state for corporate affairs, is monitoring and coordinating actions against shell companies. He tells Veena Mani & Indivjal
Bankruptcy Code being gamed from the start? | Business Standard Column–18.09.2017
Almost everybody believes that the problems of bad debt-laden public sector banks can be fixed with the new Insolvency and Bankruptcy Code (IBC). Well, they
A great churning | Business Standard Column–18.09.2017
High- and low-productivity firms manage to coexist in India when low-productivity firms cheat on compliance. To the extent that a sound GST improves compliance, many
Jaypee: consumer angle in IBC play – The Hindu–18.09.2017
Insolvency resolution is about the allocation of losses among different stakeholders in a situation where there isn’t enough left in the pot for everyone. So
New exit policy where defaulting industrialists go, workers stay is welcome–Times of India–17.09.2017
Till now, the business phrase “exit policy” meant the exit of workers, to allow owners to survive and flourish. Now, for the first time, India
Small creditors use new bankruptcy rules to put the squeeze on big players | Business Standard News–16.09.2017
In late June, one of India’s top wind power equipment makers, Inox Wind Ltd, was dragged into insolvency courts by a logistics handler over unpaid
Jaiprakash Associates: Supreme Court tells Jaypee to pay Rs 50 lakh to 10 buyers – The Economic Times–14.09.2017
The Supreme Court on Wednesday asked realty firm Jaiprakash Associates to pay Rs 50 lakh as an interim relief to 10 homebuyers of its Kalypso
Why SC order on Jaypee Infrastructure is a win-win for all, including flatbuyers – The Financial Express–13.09.2017
The Supreme Court’s decision to persist with insolvency proceedings against Jaypee Infratech while also asking the insolvency resolution professional (IRP) to ensure the concerns of
Caught in a cleft [ Public Sector Banks ]| Business Standard Editorials–13.09.2017
Reserve Bank of India Deputy Governor Viral Acharya said last week that the financial health of India’s public sector banks (PSBs) was so poor that
Insolvency Code: Home buyers’ plight and how realty firms should be treated | Business Standard News–13.09.2017
In an ongoing insolvency case against real estate company Jaypee Infratech, the Supreme Court on Monday directed the company to deposit Rs 2,000 crore by
Next set of NPAs must have credit rating: RBI | Business Standard News–11.09.2017
A resolution plan finalised for the next set of stressed assets identified by the Reserve Bank of India (RBI) will be subject to a rating
Insolvency and Bankruptcy Code: How stakeholders are learning on the job | Business Standard Column–09.09.2017
Nine months from the time the Insolvency and Bankruptcy Code has come into effect, all the stakeholders, including creditors, promoters, insolvency professionals and regulators, are
Jaypee Infratech, other homebuyers could derail NCLT; solution could cause them massive losses – The Financial Express–06.09.2017
Just when it seemed the Supreme Court (SC) had given the insolvency process a big boost through the Innoventive Industries judgment last week, the stay
The jury is still out on bankruptcy code | Business Line–06.09.2017
The fact that it imposes a deadline and unifies processes marks a step forward. But the new system is yet to find its feet For
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