lipped from: https://www.thehindubusinessline.com/economy/liquidation-process-regulations-ibbi-clears-the-air-on-retrospective-applicability-of-certain-2019-changes/article65370392.ece Norm on contribution to liquidation costs by financial creditors to apply only for liquidation processes that commenced post July 25, 2019 Insolvency regulator
Category: IBC-SEBI
*Retail investors put over Rs 2,000 cr in bankrupt firms, hoping for revival | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/retail-investors-put-over-rs-2-000-cr-in-bankrupt-firms-hoping-for-revival-122050201021_1.html Smaller companies popular for bets, keeping retail investors belief there is a possibility of bigger gains from a smaller base. Illustration: Binay Sinha
*****When IBC does not override other laws – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/when-ibc-does-not-override-other-laws/article65363124.ece Man holds Insolvency and bankruptcy code IBC. | Photo Credit: designer491 Section 238 of the Insolvency and Bankruptcy Code, which says that the
*Resolution primary objective of IBC; but recovery important too: SBI MD | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/resolution-primary-objective-of-ibc-but-recovery-important-too-sbi-md-122050100491_1.html Financial and operational creditors owe money to companies facing insolvency proceedings and so recovery has to be an important factor while achieving resolution
*Need framework to study impact of insolvency law: Corporate Affairs Secretary Rajesh Verma – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/need-framework-to-study-impact-of-insolvency-law-corporate-affairs-secretary-rajesh-verma/articleshow/91202894.cms Synopsis Emphasising that the government and regulator IBBI have been constantly making course corrections to address any gaps in the Insolvency and Bankruptcy
*Deep haircuts: Comparing realisations with outstanding loans not reasonable to assess IBC effectiveness, says RBI DG – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/deep-haircuts-comparing-realisations-with-outstanding-loans-not-reasonable-to-assess-ibc-effectiveness-says-rbi-dg/articleshow/91210341.cms Synopsis Financial creditors have been able to realise 166 per cent in comparison to the liquidation value of the debtors, indicating that creditors
*Share in parts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/share-in-parts/article65346494.ece Fractional shares, while being interesting from investor viewpoint, may not excite companies The recommendation of the Company Law Committee regarding issuance, holding and
*IBBI proposes changes in insolvency resolution process regulations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibbi-proposes-changes-in-insolvency-resolution-process-regulations/article65335017.ece Experts say there will be increased efficiency and clarity for the Resolution Professional which will make the insolvency process more effective and efficient
Investors can now trade in fractional shares – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/investors-can-now-trade-in-fractional-shares/article65330342.ece Company law panel also moots issueof restricted stock units and stock appreciation rights Investors’ dream of holding a fraction of highly-priced stocks such
*RBI, SEBI face-off to delay bad debt resolutions of India Inc – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-markets/rbi-sebi-face-off-to-delay-bad-debt-resolutions-of-india-inc/article65297657.ece Market regulator moves SC against the Bombay HC order that upholds RBI’s stance A conflict has emerged between rules stipulated by the market and
*IBBI puts voluntary liquidations on fast track – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/ibbi-puts-voluntary-liquidations-on-fast-track/article65297684.ece Move, a step in theright direction,say experts The Insolvency and Bankruptcy Board of India (IBBI) has made several changes to its voluntary liquidation
*IBBI puts voluntary liquidation processes on fast-track mode – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibbi-puts-voluntary-liquidation-processes-on-fast-track-mode/article65296427.ece The idea is to curtail the unwarranted time spent on various activities so as to ensure early completion of voluntary liquidation process |
*Parl panel questions Sebi chief on NSE case, Paytm issue price | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/parl-panel-asks-sebi-chief-about-status-of-case-involving-former-nse-md-122040501308_1.html Functioning of crypto currency exchanges also came up when Sebi chairperson Madhabi Puri Buch appeared before parliamentary panel on finance, say people in
*Sebi issues fresh guidelines to curb misuse of clients’ power of attorney | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-issues-fresh-guidelines-to-curb-misuse-of-clients-power-of-attorney-122040400927_1.html To curb misuse of PoA given by clients to stock brokers, Sebi came out with fresh guidelines wherein execution of a new document
*SEBI introduces instruction slips for share pledging – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-markets/sebi-introduces-instruction-slips-for-share-pledging/article65291190.ece An employee works inside an office of a private share trading firm in Kolkata on February 1, 2021. – India unveiled a massive
*****All liabilities extinguished – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/all-liabilities-extinguished/article65288031.ece Dollar heap in thumbs down shape, dollar rate falling | Photo Credit: Makhbubakhon Ismatova It is an established principle of law that once
MCA yet again defers mandatory audit trail norm by another year – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/mca-yet-again-defers-mandatory-audit-trail-norm-by-another-year/article65283004.ece Tax forms, close up | Photo Credit: FabrikaCr In a breather for small and medium-sized companies, the Corporate Affairs Ministry (MCA) has once
IBBI proposes changes to grievance redress and enforcement mechanism – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/ibbi-proposes-changes-to-grievance-redress-and-enforcement-mechanism/article65283011.ece Man holds Insolvency and bankruptcy code IBC. | Photo Credit: designer491 Invites public comments on the discussion paper Insolvency regulator IBBI proposes to
Bank haircuts: FM says checks in place against questionable resolution – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/bank-haircuts-fm-says-checks-in-place-against-questionable-resolution/article65270581.ece Finance Minister Nirmala Sitharaman addresses the Rajya Sabha in New Delhi on Tuesday, March 29 | Photo Credit: – Banks have spoken against
Sebi directs Ruchi Soya to allow FPO investors to withdraw bids | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/sebi-directs-ruchi-soya-to-allow-fpo-investors-to-withdraw-bids-122032801165_1.html Circulation of unsolicited SMSs advertising the issue violates regulations, says the market regulator Baba Ramdev addresses the media in Mumbai on Monday. Kamlesh