Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/borrowers-now-try-to-resolve-stress-early-economic-survey-talks-of-behavioural-change/articleshow/89246328.cmsSynopsis “Distressed assets have a life cycle and their value gradually declines with time. The fact that a corporate debtor may change hands has
Category: IBC-SEBI
Buy back shares, offer good premium, repeat. Can TCS give investors risk-free return this time, too? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/money-and-markets/buy-back-shares-offer-good-premium-repeat-can-tcs-give-investors-risk-free-return-this-time-too/primearticleshow/88979536.cms SynopsisThis is the fourth share buyback by TCS in five years. The latest one is the largest at INR18,000 crore. When the company
Expectations from Budget 2022 vis-a-vis insolvency law – BusinessToday
Clipped from: https://www.businesstoday.in/union-budget-2022/opinion/story/expectations-from-budget-2022-vis-a-vis-insolvency-law-320860-2022-01-30 While the signs of legislative pro-activeness may have been apparent through these five years of IBC, only time will answer these instrumental questions
NCLAT dismisses Sivasankaran’s appeal against NCLT order on liquidation of Siva Industries – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/nclat-dismisses-sivasankarans-appeal-against-nclt-order-on-liquidation-of-siva-industries/article64944928.ece NCLT in September ordered liquidation of Siva Industries and rejected lenders’ proposal to withdraw the company from bankruptcy proceedings The National Company Law
Winding up of schemes only after majority unitholders’ nod: Sebi | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/winding-up-of-schemes-only-after-majority-unitholders-nod-sebi-122012800058_1.html Mutual fund trustees will be required to obtain the consent of the unitholders when the majority of the trustees decide to wind up
‘Remove MAT for troubled firms under resolution’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/exempt-cos-admitted-by-nclt-for-resolution-from-mat-edelweiss-arc-chief/article64941378.ece Edelweiss ARC seeks level playing field vis-a-vis other stressed asset investors A company admitted by the National Company Law Tribunal (NCLT) for resolution should
BharatPe to overhaul governance after co-founder row – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/indias-bharatpe-to-overhaul-governance-after-co-founder-row-sources/article64942828.ece An independent audit will assess if BharatPe’s senior executives make proper internal disclosures about personal investments and check for conflicts. MUMBAI, January 27
DHFL case: Piramal mulls legal options as NCLAT seeks CoC to consider 63 Moons’ plea – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/piramal-enterprises-ltd-will-continue-to-pursue-the-matter-as-multiple-legal-options-available/article64942898.ece Earlier, 63 Moons had petitioned NCLAT against Piramal regarding ascribing the value of recoverable assets Piramal Enterprises Ltd on Friday said it will
Cartelisation charges: SC rejects pleas of tyre makers CEAT, MRF & others – The Financial Express
Clipped from: https://www.financialexpress.com/industry/cartelisation-charges-sc-rejects-pleas-of-tyre-makers-ceat-mrf-others/2418990/ The SC, however, said the parties can challenge the final order passed by the CCI in accordance with law. The HC had in
DHFL case: Piramal mulls legal options as NCLAT seeks CoC to consider 63 Moons’ plea – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/piramal-enterprises-ltd-will-continue-to-pursue-the-matter-as-multiple-legal-options-available/article64942898.ece Earlier, 63 Moons had petitioned NCLAT against Piramal regarding ascribing the value of recoverable assets Piramal Enterprises Ltd on Friday said it will
Why Future Group has challenged insolvency proceedings in SC | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/future-retail-supreme-court-loans-insolvency-proceedings-7742454/ Future Retail has moved the Supreme Court seeking protection from being declared a defaulter for failing to pay loan dues of Rs 3,494.56
Over a third of top-500 firms yet to split chair-and-MD post – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/over-a-third-of-top-500-firms-yet-to-split-post-of-chairman-mdceo/article64940255.ece Almost half the companies yet to comply with full SEBI provisions Over a third of the top 500 companies by market cap are
Over a third of top-500 firms yet to split chair-and-MD post – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/over-a-third-of-top-500-firms-yet-to-split-post-of-chairman-mdceo/article64940255.ece Almost half the companies yet to comply with full SEBI provisions Over a third of the top 500 companies by market cap are
SC stays SAT order directing Sebi’s AO to appear before it | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/sc-stays-sat-order-directing-sebi-s-ao-to-appear-before-it-122012401167_1.html A bench of Justices Vineet Saran and Aniruddha Bose issued notice on an appeal filed by the Securities and Exchange Board of India
Scrap retail reservation in IPOs – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/scrap-retail-reservation-in-ipos/2413485/ The complexities of the new financial models and AI-based games, and adventurous retail investors are a strong argument for this Armed with such
Senior-level panel looking into resignation of 3 independent directors of PFS: PTC India – The Financial Express
Clipped from: https://www.financialexpress.com/industry/senior-level-panel-looking-into-resignation-of-3-independent-directors-of-pfs-ptc-india/2412022/ In their resignation letters, the three directors had alleged that certain actions of the chairman of the board and managing director of the
No tax claims after winding up order of company passed, says CBIC – The Economic Times
No tax claims after winding up order of company passed, says CBIC – The Economic Times https://economictimes.indiatimes.com/news/economy/policy/no-tax-claims-after-winding-up-order-of-company-passed-says-cbic/articleshow/89051544.cmsThe circular says in case of a bankrupt defaulter,
ICICI Bank informs exchanges of inadvertent trade by designated person – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/icici-bank-informs-exchanges-of-inadvertent-trade-by-designated-person/article64930366.ece Imposes penalty of ₹2 lakh on Independent Director ICICI Bank on Saturday informed the stock exchanges of an inadvertent trade by its Independent
Time to enhance MFs overseas investment limit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/time-to-enhance-mfs-overseas-investment-limit/article64928400.ece SEBI can give freedom to fund managers to decide on restriction/suspension Motilal Oswal Mutual Fund recently announced temporarily stopping of lump sum and
ibc: Income tax cannot raise fresh claims after resolution plan approved under IBC: Bombay High Court – The Economic Times
ibc: Income tax cannot raise fresh claims after resolution plan approved under IBC: Bombay High Court – The Economic Times https://economictimes.indiatimes.com/news/economy/policy/income-tax-cannot-raise-fresh-claims-after-resolution-plan-approved-under-ibc-bombay-high-court/articleshow/89019195.cmsThe tax department had issued
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