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
Category: IBC-SEBI
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
Flat or refund, your pick: Supreme Court to Unitech buyers | India News – Times of India–02.09.2017
Sending a heartening signal to investors in housing projects in which developers are playing truant, the Supreme Court assured flat buyers in Unitech schemes that
Confusion over shareholders’ approval for resolution plan under IBC | Business Standard News–31.08.2017
Legal fraternity and insolvency professionals appear divided over whether shareholders’ approval under Companies Act, 2013 and the SEBI regulations would be necessary to pass certain
reserve bank of india: RBI cracks whip on 50 more defaulters having Rs 2 lakh crore outstanding–Economic Times–30.08.2017
The Reserve Bank of India (RBI) has directed banks to refer as many as 50 dud accounts to bankruptcy court if they are unable to
Rights of homebuyers under Insolvency Code need clarity–Economic Times–30.08.2017
The Insolvency and Bankruptcy Board of India has recently amended regulations to declare homebuyers of beleaguered real estate companies as financial creditors. Such homebuyers can
RBI asks banks to stick to December deadline for insolvency | Business Standard News–30.08.2017
RBI said the top 12 accounts, having an exposure of at least Rs 5,000 crore each, should be referred for bankruptcy proceedings The Reserve Bank
Debt resolution top priority in insolvency process, says IBBI chief MS Sahoo – The Financial Express–25.08.2017
Resolution of indebtedness of a firm will be the top priority of all constituents of the insolvency and bankruptcy mechanism in the interest of the
Insolvency professionals face threats, draw staff ire while evaluating plans for debt-laden companies–Economy Times–24.08.2017
On a Friday afternoon this month, Milind Kothari looked at his WhatsApp message with a furrowed brow. The India head of BDO, a leading professional
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