Clipped from: https://www.thehindubusinessline.com/companies/jsw-steel-may-seek-legal-recourse-against-scs-rejection-of-bhushan-power-steel-acquisition/article69541593.ece Bhushan accounts for over 12 per cent of JSW Steel’s annual production of 34 million tonnes per annum (mtpa) Apex court held that
Category: IBC-SEBI
*****SC flags RP’s failures in Bhushan Power and Steel’s insolvency plan
Clipped from: https://www.business-standard.com/industry/news/sc-flags-rp-lapses-in-bhushan-power-insolvency-plan-125050501067_1.html Supreme Court cites non-compliance by resolution professional in Bhushan Power case, declaring JSW Steel’s plan illegal and urging greater due diligence under IBC
***Resolution rejected: SC verdict on Bhushan Power & Steel raises questions
Clipped from: https://www.business-standard.com/opinion/editorial/resolution-rejected-sc-verdict-on-bhushan-power-steel-raises-questions-125050400686_1.html The order is a blow to lenders. As experts have told this newspaper, lenders will have to return the recovery received through the
BPSL liquidation: MCA, IBBI study SC order to assess IBC implications | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/bpsl-liquidation-mca-ibbi-study-sc-order-to-assess-ibc-implications-125050400827_1.html “We are examining the order and seeing what learnings can be taken from there in terms of IBC regulations and processes,” the government
***Another blow to IBC: JSW-BPSL verdict may deter future resolution
Clipped from: https://www.financialexpress.com/opinion/another-blow-to-ibc-jsw-bpsl-verdict-may-deter-future-resolution-applicants/3832469/?ref=hometop_hp The SC has rightly punished the guilty but has gone overboard by ordering liquidation. The court has highlighted how, while the e-voting process
SC’s JSW Steel decision a blow to insolvency process, say experts
Clipped from: https://www.business-standard.com/industry/news/sc-s-jsw-steel-decision-a-blow-to-insolvency-process-say-experts-125050201392_1.html The Supreme Court had invoked Section 142 of the Constitution to nullify the CoC decision JSW Steel was declared the successful resolution applicant
Pre-packs for MSMEs find few takers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/current-account/pre-packs-for-msmes-find-few-takers/article69226458.ece Framework for the pre-packaged insolvency scheme demands revamp to fix gaps, boost stakeholder trust The introduction of the pre-pack insolvency resolution process (PPIRP),
IBC sees a shift: Corporate resolutions rise, liquidations decline – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibc-sees-a-shift-corporate-resolutions-rise-liquidations-decline/article69216190.ece IBBI highlights a steady increase in successful resolutions and a sharp drop in liquidations, signalling the growing effectiveness of India’s insolvency framework Insolvency
IBBI proposes ‘mini group insolvency’ to streamline resolution of interconnected entities – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibbi-proposes-mini-group-insolvency-to-streamline-resolution-of-interconnected-entities/article69188971.ece New framework aims to enhance efficiency, reduce costs, and maximize value realization under IBC In a major step toward improving the insolvency resolution
Experts differ on IBBI’s move to permit flat possession during insolvency | News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/experts-differ-on-ibbi-s-move-to-permit-flat-possession-during-insolvency-125020601531_1.html One major decision in the new amendments is that resolution professionals can hand over possession of plots, apartments, and flats to homebuyers while
*****Ibbi proposes coordinated insolvency resolution for interconnected entities | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/ibbi-proposes-coordinated-insolvency-resolution-for-interconnected-entities-125020501177_1.html Ibbi has noted that the current IBC process treats each entity as a standalone unit, overlooking the intricate web of interdependencies often present
aniltikotekar4sme.com 