Abir Roy The Insolvency and Bankruptcy Code (IBC) has been dubbed a game-changer in corporate circles, and the intent of the legislation—to see whether corporate
Category: IBC-SEBI
With banking sector bad loans at Rs 8 lakh cr, here is a loophole that can make it worse – The Financial Express–01.10.2017
Though the National Company Law Tribunal (NCLT) has dismissed Edelweiss Asset Reconstruction Company’s petition against the insolvency resolution done in the case of Synergies Dooray,
Operational creditors & dispute threshold – The Financial Express–28.09.2017
Abir Roy The scheme for admission of an insolvency petition is different for financial creditors and operational creditors. While financial creditors can directly approach the
Insolvency proceedings: Amend laws to recognise the concept of buyer’s lien | Business Standard Column–25.09.2017
Neither the Real Estate (Regulation and Development) Act (RERA) nor the Insolvency and Bankruptcy Code (IBC) sufficiently addresses the concerns of homebuyers Insolvency proceedings initiated
Bank NPAs crisis: Will IBC be a success? First resolution plan throws up points to ponder – The Financial Express–23.09.2017
The underlying objective of the IBC (Insolvency and Bankruptcy Code) is to revive and restore a company or liquidate it. The first insolvency plan approved
Jaypee insolvency: Quite a legal mess–22.09.2017
The Supreme Court’s intervention in the bankruptcy proceedings against Jaypee Infratech (JIL) is a legal mess. To begin with, the case brings out a deficiency
Why the Bankruptcy Code is turning into a double-edged sword for banks | Business Standard News++21.09.2017
Are banks getting boxed in after the introduction of the Bankruptcy Code? Some signals seem to be pointing that way. Not only are they looking
RBI: Banks can classify priority loans as standard debt: RBI – The Economic Times–20.09.2017
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
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
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