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
Category: IBC-SEBI
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
Insolvency and Bankruptcy Code: Implementing the new Bankruptcy Code to help push bank credit growth: SBI Research–Economic Times–24.08.2017
The implementation of the new Insolvency and bankruptcy code is expected to give a big push to credit growth as international experience shows that laws
Individual bankruptcy: Here is what PM Narendra Modi government is planning – The Financial Express–22.08.2017
The government is considering bringing in regulations in phases to deal with individual bankruptcy under the overarching law — the Insolvency and Bankruptcy Code (IBC)
sebi: Bankruptcy code can help in deepening bond market, says SEBI chief Tyagi–Economic Times–21.08.2017
The Securities and Exchange Board of India’s Chairman Ajay Tyagi said that the Insolvency and Bankruptcy Code can boost confidence of investors and help increase
Options for buyers when builder goes bankrupt | Business Standard News–21.08.2017
Ravi Kumar, a senior official with a public sector company, is among the many who have booked flats in Jaypee’s Wish Town, Noida. He had
Arun Jaitley: Insolvency law aims at saving promoters not banishing them: Arun Jaitley–20.08.2017
Finance Minister Arun Jaitley today assured debt-laden companies that the objective of the new insolvency law is not to banish them but to save them
PSBs need to cut bad loans, will need more capital: Urjit Patel | Business Standard News–20.08.2017
Reserve Bank of India (RBI) Governor Urjit Patel on Saturday said banks would need to take a haircut for resolution of current stressed assets, and
How to help bankrupt realtor’s customers–Economic Times–18.08.2017
How can home buyers who have made payment in full or in part be given their homes? The assets now belong to the banks. If
Insolvency regulator empowers homebuyers, puts them on a par with creditors | Business Standard News–18.08.2017
The insolvency regulator has brought in a special provision to protect the homebuyers of beleaguered real estate companies such as Jaypee Infratech and Amrapali. The
Bankruptcy: Government considering selling off reality developer’s assets to finish stalled projects–Economic Times–15.08.2017
The government is exploring ways of resolving a long-brewing real estate crisis that’s left home buyers in the lurch as developers have struggled to complete
Lanco Infratech: NCLT says no to Deloitte’s Vijaykumar V Iyer as IRP in Rs 44,000 crore Lanco Infratech case–Economic Times–10.08.2017
The National Company Law Tribunal (NCLT) has turned down the appointment of Vijaykumar V Iyer of consultants Deloitte as an interim resolution professional (IRP) to
Bankruptcy Court: Commercial realty buyer can drag company to bankruptcy court–Economic Times–09.08.2017
You can now initiate bankruptcy proceedings against the developer in certain cases if you don’t get your commercial property or service apartment on time. A
JSW Steel-Bhushan Steel deal? Revival of like-by-like a decent prospect–Economic Times–09.08.2017
JSW Steel, which has big brownfield expansion plans, is reportedly making a bid for Bhushan Steel, in tie-up with Piramal Enterprises’ stressed assets fund with
Success of Insolvency and Bankruptcy Code can make the country an attractive choice of jurisdiction for resolving insolvency – The Financial Express–09.08.2017
The approach of higher judiciary and NCLT will have a far-reaching bearing on the outcome of IBC. The enactment of the Insolvency and Bankruptcy Code
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