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
Category: IBC-SEBI
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
Insolvency law’s success needs to be appreciated, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/insolvency-law-s-success-needs-to-be-appreciated-say-experts-121090201341_1.html The insolvency law has provided a framework for resolution of stressed assets, and its success needs to be appreciated in comparison with the
Will not haul up RBI for declaring loans as NPAs, says Apex Court – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/will-not-haul-up-rbi-for-declaring-loans-as-npas-says-apex-court/article36279830.ece?homepage=true We are not inclined to exercise our contempt jurisdiction since it is not in the interest of justice: SC Bench “Economy is booming
McLeod Russel out of IBC after settling with financial creditor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/mcleod-russel-comes-out-of-insolvency-after-settlement-with-tech-electric/article36289049.ece?homepage=true Sources say Khaitans paid off a major part of a ₹100-cr loan from Techno Electric & Engg The Williamson Magor Group firm, McLeod
IBBI Regulations: Insolvency: Hold Resolution Professionals to account – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/insolvency-hold-rps-to-account/articleshow/85875917.cmsSynopsis Concurrent audit of the conduct of RPs is an option. IBBI should hold a consultation on this, along with the other issues it
SC asks Amrapali home buyers to clear their dues, warns failure may result in cancellation of flats – The Economic Times
clipped from: https://economictimes.indiatimes.com/news/india/sc-asks-amrapali-home-buyers-to-clear-their-dues-warns-failure-may-result-in-cancellation-of-flats/articleshow/85906066.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A special bench of Justice U U Lalit and Ajay Rastogi observed that the home buyers are under the impression that the court
NCLAT issues notice over PNB’s plea against Jet Airways resolution plan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/nclat-issues-notice-over-pnbs-plea-against-jet-airways-resolution-plan/articleshow/85901145.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis PNB has challenged the approval of the Resolution Plan by Kalrock-Jalan Consortium on June 22, 2021, by the Mumbai bench of the NCLT.
What the IBC needs to become better – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/what-the-ibc-needs-to-become-better/2321401/ More accountability across the chain would further strengthen the most effective insolvency law India has had so far It wants liquidators to be
Supreme Court orders demolition of Supertech twin 40-storey towers | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/sc-orders-demolition-of-twin-40-storeys-towers-of-supertech-on-home-buyers-plea-121083101198_1.html Nine years after taking up the cudgels against Supertech Ltd, home buyers finally got relief from the Supreme Court on Tuesday as it
Strengthening IBC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/concerns-over-delays-in-resolution-and-poor-recovery-rates-could-derail-a-landmark-reform-move/article35928111.ece The Insolvency and bankruptcy code needs a relook – istock.com/designer491 The Insolvency and bankruptcy code needs a relook – istock.com/designer491× Concerns over delays
New norms for independent directors will not empower minority shareholders: Damodaran – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/new-norms-for-independent-directors-will-not-empower-minority-shareholders-damodaran/article35892686.ece?homepage=true Says they will empower institutional shareholders and proxy advisory firms instead The recent amendment to empower retail investors in the appointment of Independence
How to deliver good corporate governance by first making the boards effective – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/how-to-deliver-good-corporate-governance-by-first-making-the-boards-effective/articleshow/85237104.cmsSynopsis Ironically, the processes in and around the boardroom generally focus on literal compliance and box-ticking in all matters — be it selection and
SC rejects challenge to approval of resolution plan of Reliance Infratel by operational creditors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/sc-rejects-challenge-to-approval-of-resolution-plan-of-reliance-infratel-by-operational-creditors/articleshow/85213372.cmsSynopsis A bench of Justices DY Chandrachud and M R Shah said that exclusion of some of the financial creditors from the Committee of
Syncing control and culpability – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/syncing-control-and-culpability/2308289/ ‘Persons in control’ regime recognises changed realities; contextually include FPIs, institutional investors in definition, too Although the protection exists in the law, it
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