Clipped from: https://www.business-standard.com/article/opinion/regulating-from-the-front-122051001642_1.html Focus on deterrence against front-running The market regulator, the Securities and Exchange Board of India (Sebi), has investigated various instances of front-running over
Category: IBC-SEBI
*Sebi scanner on more front-running ops by domestic fund managers | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-scanner-on-more-front-running-ops-by-domestic-fund-managers-122050900008_1.html Functioning of dealers at MFs & brokers may undergo greater scrutiny in coming weeks Sources said top Sebi officials quizzed some MF industry
IBBI cancels registration of IP, suspends another for one year – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibbi-cancels-registration-of-ip-suspends-another-for-one-year/article65394183.ece | Photo Credit: designer491 Disciplinary action in separate cases for various violations of IBC Insolvency regulator IBBI’s Disciplinary Committee has cancelled the registration
Edelweiss ARC to file insolvency plea against Marriott’s property in Bengaluru – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/edelweiss-arc-to-file-insolvency-plea-against-marriotts-property-in-bengaluru/article65394640.ece Marriott International The ARC is likely to move NCLT this month over unpaid dues of nearly ₹1,000 crore Edelweiss ARC is set to
*Banks feel the heat of slower recovery under IBC process – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/slowdown-in-insolvency-proceedings-reduced-corporate-appetite-for-distressed-assets-hurt-banks-recoveries-in-ibc/article65394082.ece Financial creditors’ realisation hit a record low of 10.2% in Q4 against 13.4% in Q3 and 49.2% in Q2 Financial creditors are clearly
*Go beyond the rulebook, follow the money | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/go-beyond-the-rulebook-follow-the-money-122050800949_1.html The track record of Sebi and the Securities Appellate Tribunal makes it appear that their effort is to help and not hurt the
*****Shifting Narratives: Supreme Court weighs down on Sebi’s burden on insider trading | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/shifting-narratives-supreme-court-weighs-down-on-sebis-burden-on-insider-trading/2511882/ The apex court’s decision in the PC Jeweller case limits the scope of application of circumstantial evidence without corroboration As per Sebi, the
*****Liquidation process regulations: IBBI clears the air on retrospective applicability of certain 2019 changes – The Hindu BusinessLine
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
*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