Clipped from: https://www.financialexpress.com/market/sc-says-no-power-to-condone-delay-in-nsel-appeal/2330343/ A Bench led by Justice MR Shah said Parliament has not carved out any exception to a situation where limitation to file an
Category: IBC-SEBI
All is not well with India’s bankruptcy law. Here’s how it can be fixed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/all-is-not-well-with-indias-bankruptcy-law-heres-how-it-can-be-fixed/articleshow/86210713.cmsSynopsis The problems range from voluntary bankruptcy not working as it should to unaccountable and unethical resolution professionals (RPs) and the absence of a
Liquidation as a going concern is an effort to maximise value & save firms under insolvency | INTERVIEW – The Financial Express
Clipped from: https://www.financialexpress.com/industry/liquidation-as-a-going-concern-an-effort-to-maximise-value-and-save-firms-under-insolvency-interview/2329836/ In an effort to maximise the value of a company undergoing insolvency proceedings, the bankruptcy court has allowed for liquidation of the company
Sebi plans to overhaul consent settlement rules, reduce timeline by a third | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-plans-to-overhaul-consent-settlement-rules-reduce-timeline-by-a-third-121091401222_1.html At present, a settlement application can be filed in 60 days of receipt of show-cause; another 120 days given to noticee paying 25%
IBC — five years young – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/ibc-five-years-young/article36437578.ece?homepage=true IBC came in as a breath of fresh air but it needs to keep evolving to be effective and useful When the Insolvency
Rise of proxy advisors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rise-of-proxy-advisors/article36438718.ece?homepage=true New rules from Jan 2022 will give them more power On January 1, 2022, a game-changing regulation impacting the appointment/reappointment of independent directors
T+1 the way to go – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/t1-the-way-to-go/article36415690.ece?homepage=true However, making shorter settlement cycles optional could lead to chaos on the bourses In a welcome development, the stock exchange regulator has taken
Welcome Move to Nudge on Tribunals – The Economic Times
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
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
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