Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/welcome-move-to-nudge-on-tribunals/articleshow/86148399.cmsSynopsis The Tribunal Reforms Act 2021 contains provisions of the Ordinance that had been struck down by the court. The government has, in many
Category: IBC-SEBI
Liquidation as “going concern” gains traction – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/liquidation-as-going-concern-gains-traction/articleshow/86141205.cmsSynopsis The Ahmedabad chapter of the National Company Law Tribunal (NCLT) last week passed an order clearing the liquidation of an insolvent company, PSL
All you wanted to know about T+1 settlement cycle – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/commodity-analysis/all-you-wanted-to-know-about-t1-settlement-cycle/article36406863.ece Market regulator SEBI (Securities and Exchange Board of India) last week introduced T+1 settlement cycle for share transactions. Notably, the settlement cycle was
NCLAT admits Dhoot’s petition against Anil Agarwal’s Twin Star takeover bid | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclat-admits-dhoot-s-petition-against-anil-agarwal-s-twin-star-takeover-bid-121091100615_1.html The appellate tribunal has issued notices to the resolution professional, lenders and Twin Star Technologies directing them to file a reply by September
Shaktikanta Das: Banks’ NPAs stable in June quarter, look manageable; IBC needs improvement: RBI Governor Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-npas-stable-in-june-quarter-look-manageable-ibc-needs-improvement-rbi-governor-shaktikanta-das/articleshow/86072286.cmsSynopsis RBI Governor Shaktikanta Das said banks have capital buffers of over 16 per cent while the same for NBFCs is at 25 per
Bankrupting reform: Vacancies in NCLT are undermining IBC. GoI needs to fill them soon
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/bankrupting-reform-vacancies-in-nclt-are-undermining-ibc-goi-needs-to-fill-them-soon/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Will amended LLP Act give start-ups a boost? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/will-amended-llp-act-give-start-ups-a-boost/article36365791.ece?homepage=true The changes are projected to deepen the bond market, enhance tax efficiency and improve ‘ease of doing business’ It is essential to understand
NCLAT dismisses Devas Multimedia’s plea against its winding up | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclat-dismisses-devas-multimedia-s-plea-against-its-winding-up-121090801504_1.html NCLAT on Wednesday dismissed a petition filed by Devas Multimedia challenging an order of the NCLT to wind up the company The National
3/4th of liquidated companies were in BIFR or defunct: IBBI data | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/3-4th-of-liquidated-companies-were-in-bifr-or-defunct-ibbi-data-121090801530_1.html Of the 396 corporate debtors rescued through resolution plans, 127 were in either BIFR or defunct, according to IBBI Illustration In the three
RBI’s resolution framework: A prudent mechanism for banks, NBFCs to initiate insolvency process – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/rbis-resolution-framework-a-prudent-mechanism-for-banks-nbfcs-to-initiate-insolvency-process-306119-2021-09-07 The framework provides a prudential framework for banks and NBFCs to recognise and report the defaults with complete freedom to design and implement
Sebi asks exchanges to move to T+1 settlement cycle on an optional basis | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-asks-exchanges-to-move-to-t-1-settlement-cycle-on-an-optional-basis-121090701501_1.html A move to a T+1 settlement cycle is expected to benefit domestic investors by increasing market liquidity and trading turnover, while reducing settlement
Lenders rush to invoke personal guarantees of promoters | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/lenders-rush-to-invoke-personal-guarantees-of-promoters-121090701089_1.html Lenders invoke guarantees worth Rs 34,000 cr Illustration: Ajay Mohanty Armed with a favourable Supreme Court judgement, the Indian lenders have started invoking the personal guarantees of
Parl panel raises concerns with Sebi over high retail participation | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/parl-panel-raises-concerns-with-sebi-over-high-retail-participation-121090601267_1.html Draws Sebi attention to market functioning, capital influx Illustration: Binay SinhaThe Parliamentary Standing Committee on Finance has drawn the attention of the Securities
DHFL: SC asks NCLAT to wrap up 63 Moons’ appeal against Piramal Group in 2 months – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/dhfl-sc-asks-nclat-to-wrap-up-63-moons-appeal-against-piramal-group-in-2-months/article36325862.ece?homepage=true Refuses to stay operation of resolution plan in the interim The Supreme Court has directed the National Company Law Appellate Tribunal (NCLAT) to
IBC: 47 pc closed cases in liquidation till Jun; many cos saw eco value erosion before insolvency process, says IBBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/ibc-47-pc-closed-cases-in-liquidation-till-jun-many-cos-saw-eco-value-erosion-before-insolvency-process-says-ibbi/articleshow/85986219.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In recent times, there have been concerns raised in certain quarters about the number of companies going into liquidation and steep haircuts taken
Don’t appoint CAs as part-time members of authority, NFRA tells ministry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/dont-appoint-cas-as-part-time-members-of-authority-nfra-tells-ministry/primearticleshow/85986619.cms SynopsisRTI documents show that NFRA pushback was stronger than reported earlier. Appointment of practising CAs not only affects the independence, but also is
Securing labour – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/e-shram-registration-if-implemented-well-can-enhance-social-security-cover-for-unorganised-sector/article36307414.ece?homepage=true Migrant workers are most vulnerable and fall through the cracks – GIRI KVS Migrant workers are most vulnerable and fall through the cracks
Siva Industries’ promoter appeals against liquidation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/c-sivasankaran-files-appeal-against-order-on-siva-industries-liquidation/article36301403.ece?homepage=true C. Sivasankaran – Bijoy Ghosh C. Sivasankaran – Bijoy Ghosh× Matter listed for hearing in NCLAT on Monday Serial entrepreneur C Sivasankaran, promoter
Dutch firm Van Oord takes Dredging Corp to NCLT over ₹93.12 crore unpaid dues – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/dutch-firm-van-oord-takes-dredging-corp-to-nclt-to-recover-unpaid-dues/article36301803.ece?homepage=true The unpaid dues relate to a sub-contracting deal between DCI and Van Oord at JNPT Dredging contractor Van Oord India Pvt Ltd has
bankruptcy board of india: IBBI chief calls for framework to assess working of India’s insolvency law – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/ibbi-chief-calls-for-framework-to-assess-working-of-indias-insolvency-law/articleshow/85877537.cmsSynopsis Insolvency and Bankruptcy Board of India (IBBI) chairperson MS Sahoo on Thursday pitched for a comprehensive and objective framework to assess the working
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