Clipped from: https://www.business-standard.com/article/economy-policy/code-of-conduct-ibbi-move-on-cocs-raises-questions-on-jurisdiction-121120201540_1.html The step has added to the growing concern around the role of the insolvency regulator and whether it has delivered the goods IBC
Category: IBC-SEBI
IBBI empowers adjudicating authority to pick IPs from panel to curb delays | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/ibbi-empowers-adjudicating-authority-to-pick-ips-from-panel-to-curb-delays-121120200862_1.html Board has prepared an algorithm to place insolvency professionals on a panel in a particular order. The IP with lowest volume of ongoing
reliance capital: RBI action against Reliance Capital: Better late than never – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbis-action-against-reliance-capital-better-late-than-never/articleshow/88040852.cmsSynopsis As a practical matter, a company can’t be referred to the National Company Law Tribunal (NCLT) within weeks and months of a first
NCLT initiates insolvency proceedings against MGF Developments Limited – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/nclt-initiates-insolvency-proceedings-against-mgf-developments-limited/articleshow/88012570.cmsSynopsis MGF had formed a joint venture with Emaar Properties, which entered India in 2005 with the largest FDI in the realty sector under
Implications of using bankruptcy code against discoms–Pratik Datta writes: INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/discoms-privatisation-bankruptcy-code-insolvency-resolution-7648042/ 🔴 Pratik Datta writes: It would compel states to either reform their financially distressed discoms or yield to privatisation efforts through insolvency resolution.
Centre to relax lock-in period for sale of NINL assets to one year | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-to-relax-lock-in-period-for-sale-of-ninl-assets-to-one-year-121113000040_1.html The condition for the sale would be subject to the sale proceeds being utilised for the company within three years The NINL privatisation
Sebi won’t interfere with IPO valuations, says chairman Ajay Tyagi | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-won-t-interfere-with-ipo-valuations-says-chairman-ajay-tyagi-121112900048_1.html ‘Adequate time has already been given for separation of the CMD post. We urge them (companies) to comply before the deadline’, said Tyagi
Karvy effect: SEBI’s collateral management norms may ring closing bell for clearing houses – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/stock-markets/karvy-effect-sebis-collateral-management-norms-may-ring-closing-bell-for-clearing-houses/article37742118.ece?homepage=true Most clearing members are scaling down or shutting shops SEBI’s new rule on collateral management and reporting is pushing some of the larger
IBC to get welcome cross-border teeth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/ibc-to-get-welcome-cross-border-teeth/articleshow/87967925.cmsSynopsis Rightly, India wants to adopt the UNCITRAL Model Law of Cross Border Insolvency, 1997, aligning with global practice. The government’s reported move to
Asian Paints’ promoters come under fire for related party transactions | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/asian-paints-promoters-come-under-fire-for-related-party-transactions-121112400842_1.html Board failed to mitigate conflict of interest, says proxy advisory firm Ingovern The Dani family, one of the promoters of India’s largest paint
SEBI asks exchanges, depositories, clearing corps to disclose complaint data on websites – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/sebi-asks-exchanges-depositories-clearing-corps-to-disclose-complaint-data-on-websites/article37662653.ece Under the disclosure, the entities will have to reveal complaints received during the month, those carried forward, and the average time taken to
Ingovern wants Asian Paints promoters removed from board – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/ingovern-wants-asian-paints-promoters-removed-from-board/article37661765.ece?homepage=true Shareholder advisor cites allegations of related-party transactions and conflict of interest Shareholder advisor firm Ingovern has sought the removal of Asian Paints (APL)
IBBI organises awareness programmes for IT Dept officers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibbi-organises-awareness-programmes-for-it-dept-officers/article37573433.ece Covered deliberations on various provisions of the Code like the issues relating to moratorium, filing of claims, resolution plans, among others The Insolvency
What are the rights of shareholders in India? – The Financial Express
Clipped from: https://www.financialexpress.com/money/what-are-the-rights-of-shareholders-in-india/2373632/ When one thinks of shareholders’ rights, the concern is always about the small retail shareholder, and much less, about large institutional shareholders. Promoters
Jindal Saw likely to acquire Sathavahana Ispat under the IBC route – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jindals-holding-company-siddeshwari-tradex-likely-to-acquire-sathavahana-ispat-under-the-ibc-route/articleshow/87834401.cmsSynopsis P R Jindal unit raises Rs 500 crore from Edelweiss managed fund, ECL at 25% IRR for 5 years to acquire distressed steel
NCLT approves decison to liquidate Sterling International Enterprises – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/nclt-approves-decison-to-liquidate-sterling-international-enterprises/article37607914.ece Sterling International Enterprises Ltd is part of the The Sandesaras group The National Compay Law Tribunal (NCLT) has given its go-ahead to liquidate
Whether CIRP Initiated can be Against A Company Strike off by ROC?–TAXGURU.IN
Clipped from: https://taxguru.in/corporate-law/cirp-initiated-strike-company-roc.html Elektrans Shipping Pte Ltd. Vs Pierre D’silva (NCLAT Delhi) Initiation of Corporate Insolvency Resolution Process (CIRP) under section 7 and 9 of the Insolvency
Pratip Chaudhuri’s arrest: A case of too many laws and too little justice – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/arrest-of-former-sbi-chairman-a-case-of-too-many-laws-and-too-little-justice/articleshow/87825988.cmsSynopsis “They had a warrant and told me I had to come with them and I will know about the case only after I
Tighter norms – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/editorial/sebis-view-to-regulate-ipo-proceeds-use-is-welcome-but-curbs-on-large-investors-may-not-fly/article37545718.ece SEBI’s view to regulate IPO proceeds’ use is welcome. But curbs on large investors may not fly The slew of ‘new-age’ businesses that
Primary protection | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/primary-protection-121111701489_1.html Sebi proposes tighter rules for IPOs The Securities and Exchange Board of India’s Primary Market Advisory Committee (PMAC) has released a new set
