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
Category: IBC-SEBI
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
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
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