Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/iiipi-panel-lays-out-norms-for-rps-in-msme-pre-pack/articleshow/86669104.cmsSynopsis Personal guarantees will likely get a disproportionate share of attention as experts craft the broad role definitions for professionals handling pre-packaged debt resolutions
Category: IBC-SEBI
Lenders approach RBI after ₹30,000 crore Srei loans turn NPA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-approach-rbi-after-30000-crore-srei-loans-turn-npa/articleshow/86668737.cmsSynopsis In response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had
With resolution of DHFL, Jet in kitty, five-year-old IBBI has a long road ahead that stares it back – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/with-resolution-of-dhfl-jet-in-kitty-five-year-old-ibbi-has-a-long-road-ahead-that-stares-it-back/primearticleshow/86593100.cms SynopsisThe Insolvency and Bankruptcy Board of India or IBBI, the insolvency regulatory body set up as per the Insolvency and Bankruptcy Code, turns
Insolvency professionals back success fee, warn against over-regulation | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/insolvency-professionals-back-success-fee-warn-against-over-regulation-121100100021_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The NCLAT held that success fee is more in the nature of contingency and speculative it is not part of IBC provisions and
Sale of Sical Logistics under IBC takes a new turn – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/sale-of-sical-logistics-under-ibc-takes-a-new-turn/article36774059.ece Qualified bidders protest move to sell Sical Logistics’ stake in two subsidiaries separately Just a fortnight before the bidders, including Allcargo Logistics Ltd
Reform drive – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-amendment-to-delisting-rules-will-smoothen-the-process-for-ma-deals/article36739196.ece?homepage=true The amendment to delisting rules will smoothen the process for M&A deals The Securities and Exchange Board of India (SEBI) has pushed through
Chairman/MD not vicariously liable for criminal acts of company: SC–TAXGURU.IN
Clipped from: https://taxguru.in/corporate-law/chairman-md-vicariously-liable-criminal-acts-company-sc.html Ravindranatha Bajpe Vs Mangalore Special Economic Zone Ltd. & Others Etc. (Supreme Court) Learned Magistrate has to record his satisfaction about a prima
Still nascent IBC ecosystem requires nurturing, says outgoing IBBI chief Sahoo – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/still-nascent-ibc-ecosystem-requires-nurturing-says-outgoing-ibbi-chief-sahoo/article36738994.ece BusinessLine interacts with him to understand the IBC journey, experiences and the unfinished agenda of the regulator On October 1, insolvency regulator IBBI
Videocon insolvency: Twin Star Tech opposes plea for fresh bid – The Financial Express
Clipped from: https://www.financialexpress.com/industry/videocon-insolvency-twin-star-tech-opposes-plea-for-fresh-bid/2339941/ On behalf of the committee of creditors (CoC), SBI had on September 18 urged the National Company Law Appellate Tribunal (NCLAT) to allow
bad loans: Govt considers operational changes in IBC following expert panel recommendations – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/govt-considers-operational-changes-in-ibc-following-expert-panel-recommendations/articleshow/85553140.cmsIndia is considering several operational changes in the Insolvency and Bankruptcy Code (IBC), harnessing digital technology to help remove seemingly insurmountable obstacles of distance
Ease of Doing Business: Run a business? There are 26,134 ways you can go to jail – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/run-a-business-there-are-26134-ways-you-can-go-to-jail/articleshow/86602132.cms SynopsisBusinesses, irrespective of their size, have to deal with complex laws, arbitrary compliances and too much discretionary powers of the bureaucracy. As a
dhfl: With resolution of DHFL, Jet in kitty, five-year-old IBBI has a long road ahead that stares it back – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/with-resolution-of-dhfl-jet-in-kitty-five-year-old-ibbi-has-a-long-road-ahead-that-stares-it-back/primearticleshow/86593100.cms SynopsisThe Insolvency and Bankruptcy Board of India or IBBI, the insolvency regulatory body set up as per the Insolvency and Bankruptcy Code, turns
Piramal Group | DHFL: Piramal completes acquisition of DHFL for Rs 34,250 crore, biggest resolution in value terms
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/piramal-completes-acquisition-of-dhfl-for-rs-34250-crore-biggest-resolution-in-value-terms/articleshow/86606213.cmsSynopsis Lenders led by State Bank of India (SBI) are set to log recoveries of ?37,400 crore this week, as Piramal Capital and Housing
SEBI tightens norms for related-party transactions – BusinessToday
lipped from: https://www.businesstoday.in/markets/top-story/story/sebi-tightens-norms-for-related-party-transactions-307888-2021-09-28 Move aimed at safeguarding interests of minority shareholders; prior shareholder approval must in certain situations The board of the regulatory body, which met
Auditors’ auditor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/nfra-is-a-systemically-important-regulator-it-needs-an-independent-professional-as-its-head/article36719148.ece NFRA is a systemically important regulator. It needs an independent professional as its head The National Financial Reporting Authority (NFRA) will be headless
Include turnover, debt in Ind AS norms: NFRA – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/include-turnover-debt-in-ind-as-norms-nfra/article36722180.ece?homepage=true The National Financial Reporting Authority wants the criteria for mandatory applicability of Indian Accounting Standards (Ind AS) changed and expanded to cover aspects
Sebi to tweak fit and proper criteria; approves launch of silver ETFs | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-to-tweak-fit-and-proper-criteria-approves-launch-of-silver-etfs-121092801456_1.html Markets regulator Sebi has decided to tweak the criteria for determining ‘Fit and Proper Person’ and given its approval for the launch of
Sebi relaxes superior voting rights criteria, amends delisting rules – The Financial Express
Clipped from: https://www.financialexpress.com/market/new-norms-sebi-relaxes-superior-voting-rights-criteria-amends-delisting-rules/2339887/ The existing provisions required that an SR shareholder should not be part of a promoter group with a net worth more than Rs
NCLT allows Future Group to hold EGMs to sell businesses to Reliance | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclt-allows-future-group-to-hold-egms-to-sell-businesses-to-reliance-121092800934_1.html The deal would consolidate Mukesh Ambani’s position in the Indian retail industry, which is witnessing huge investments by multinational players like Amazon and
Sebi board clears frameworks for gold, social stock exchanges | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-board-approves-framework-for-gold-exchange-121092801007_1.html The instruments representing gold will be called Electronic Gold Receipts (EGRs) and will be notified as securities; Sebi board also approves proposal to
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