Clipped from: https://www.thehindubusinessline.com/opinion/editorial/governing-esg/article37326650.ece SEBI’s move mandating funds to spell out their ESG goals will check ambiguity and usher in transparency The Securities and Exchange Board of
Category: IBC-SEBI
HC stays arrest of Alchemist ARC promoter & another in loan fraud case – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/hc-stays-arrest-of-alchemist-arc-promoter-another-in-loan-fraud-case/articleshow/87519517.cmsSynopsis It is alleged that properties of Jaisalmer-based Hotel Gaudavan Pvt. Ltd. (HGPL) worth about Rs 200 crore, seized by SBI for loan default,
SREI founders may offer resolution plan under CIRP if RBI and lenders allow | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/srei-founders-may-offer-resolution-plan-under-cirp-if-rbi-and-lenders-allow-121110201599_1.html Will refrain of apex bank and lenders resist such a move, says Hemant Kanoria The Kanorias, founders of SREI group, may look at
NCLT dismisses pleas for consolidated resolution of Regen Powertech – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/nclt-dismisses-pleas-for-consolidated-resolution-of-regen-powertech/article37291652.ece The National Company Law Tribunal, Chennai, on Monday dismissed the petitions of 25 applicants seeking consolidation and simultaneous Corporate Insolvency Resolution Process in
‘Permissible unless prohibited’ is the position of the law – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/permissible-unless-prohibited-is-the-position-of-the-law/article36813086.ece National Company Law Tribunal allowing conversion of equity shares into preference shares is laudable Paving way for corporates to give structured exit to
No discrimination in PVS Memorial Hospital case, says Resolution Professional – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/no-discrimination-in-pvs-memorial-hospital-case-says-resolution-professional/article37238796.ece Resolution Plan challenged in Supreme Court A counter statement in insolvency proceedings of Kochi-based PVS Memorial Hospital does not find any alleged instance
Sebi imposes curbs on trading by employees, trustees and board members of mutual funds – BusinessToday
Clipped from: https://www.businesstoday.in/markets/top-story/story/sebi-introduces-rules-for-trading-by-employees-trustees-and-board-members-of-mutual-funds-310774-2021-10-28 As per the Sebi circular, to ensure they do not take undue advantage of any sensitive information they may have, a category of
Why Reserve Bank has ‘shocked’ Srei | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/why-reserve-bank-has-shocked-srei-121101800017_1.html It seems that the RBI had very little choice as the promoters did not infuse fresh capital, make adequate provisioning and improve corporate
Test case – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/test-case/article37010374.ece SREI’s resolution, after DHFL, will be seen as a test case on whether IBC can work for financial firms The Reserve Bank of
Revision of GST assessment order beyond RP’s jurisdiction, not sustainable in law: NCLAT – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/revision-of-gst-assessment-order-beyond-rps-jurisdiction-not-sustainable-in-law-nclat/article37010564.ece A recent order by Chennai bench of NCLAT made it clear that revision of GST assessment order is beyond RP jurisdiction and not
Distressed assets: Winds of change – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/distressed-assets-winds-of-change/2350091/ The government, RBI and SEBI are on the right track in reforming the Indian stressed assets market Policymakers should consider the following legal
NCLT order to revalue Acil assets raises fears of resolution delays – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/nclt-order-to-revalue-acil-assets-raises-fears-of-resolution-delays/articleshow/86981851.cms SynopsisA two-judge bench of the National Company Law Tribunal (NCLT) in Delhi has sought revaluation of assets in a more than three-year old
RBI warned Srei group repeatedly, Kanoria says it complied every time | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/rbi-warned-srei-group-repeatedly-kanoria-says-it-complied-every-time-121101000712_1.html Srei was one of the few top NBFCs in constant ‘asset quality review’ focus of RBI, even as the regulator never used that
NFRA Chief: Centre constitutes search-cum-selection panel – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/nfra-chief-centre-constitutes-search-cum-selection-panel/article36968805.ece Panel headed by Cabinet Secretary tasked to make recommendations within four months New Delhi, October 12 The Corporate Affairs Ministry ( MCA) has
Unpaid dues: Operational creditors may drag Siti Networks to NCLT – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/unpaid-dues-operational-creditors-may-drag-siti-networks-to-nclt/article36971994.ece Firm said to owe vendors about ₹1,600 crore Even as Zee Entertainment is facing legal trouble with one of its investors, another Essel
NCLAT reserves orders in Vasan Health Care case – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/nclat-reserves-orders-in-vasan-health-care-case/article36972201.ece Both committee of Creditors and the Resolution Professional had filed the appeal as the deadline had been exceeded The National Company Law Appellate
Companies need more neeti, less niyam | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/companies-need-more-neeti-less-niyam-121101201593_1.html The key lies in training and aligning directors about the behavioural aspects of governance, not only about the laws Last week, the director
RBI warned Srei group repeatedly, Kanoria says it complied every time | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/rbi-warned-srei-group-repeatedly-kanoria-says-it-complied-every-time-121101000712_1.html Srei was one of the few top NBFCs in constant ‘asset quality review’ focus of RBI, even as the regulator never used that
RBI’s decision to supersede boards of Srei group cos will prevent domino effect: Experts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rbis-decision-to-supersede-boards-of-seri-group-cos-will-prevent-domino-effect-experts/articleshow/86910403.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The National Company Law Tribunal (NCLT) on Friday admitted the insolvency pleas moved by banking sector regulator RBI against the two Srei Group
Srei firms found ever-greening NPAs, in payment default – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/srei-firms-found-ever-greening-npas-in-payment-default/article36885428.ece As on March 31, 2020, Srei Infra had a negative CRAR of 3.4% against the regulatory requirement of 15% Concerns over ever-greening of
aniltikotekar4sme.com 