Clipped from: https://www.thehindubusinessline.com/money-and-banking/srei-infra-and-equipment-finance-have-debt-obligations-of-over-29000-crore/article36836171.ece Most banks have been providing for their exposure to the two companies The Reserve Bank of India is expected to soon initiate the
Category: IBC-SEBI
Corporate frauds likely to spike in post-Covid set-up, says survey | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/corporate-frauds-likely-to-spike-in-post-covid-set-up-says-survey-121100600078_1.html Over 62 per cent of independent directors indicated that they believe fraud will increase over the next two years About 63 per cent
‘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?homepage=true The Tribunal seems to have understood that the affairs of a company are often complex and involve numerous policy matters – istock.com/Maximusnd The
NCLT gives go ahead for insolvency case against BPSL promoters – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclt-gives-go-ahead-of-insolvency-case-against-bpsl-promoters/articleshow/86782808.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In a hearing on Tuesday the Delhi NCLT granted interim moratorium and confirmed Reshma Mittal as resolution professional (RP) in a petition filed
Sebi proposes sweeping changes to HNI allotment process for IPOs | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-proposes-sweeping-changes-to-hni-allotment-process-for-ipos-121100401186_1.html Also suggests changes to price discovery norms File photo: PTI The Securities and Exchange Board of India (Sebi) has mulled a new approach
RBI supersedes boards of SREI companies, plans for insolvency proceedings | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/rbi-supersedes-boards-of-srei-companies-plans-for-insolvency-proceedings-121100400867_1.html RBI said it has appointed Rajneesh Sharma, ex-chief general manager of Bank of Baroda, as the administrator of the companies The Reserve Bank
IIIPI panel lays out norms for RPs in MSME pre-pack – The Economic Times
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
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
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