Category: IBC-SEBI

Clipped from: https://www.thehindubusinessline.com/economy/policy/ibc-urgently-need-a-professional-code-of-conduct-for-committee-of-creditors-says-parliamentary-panel/article35720695.ece Panel also highlights that the CoCs currently have ‘significant discretion’ in accepting late and unsolicited resolution plans The Standing Committee on Finance headed

Clipped from: https://www.financialexpress.com/opinion/making-the-ibc-more-effective/2304475/ The latest amendment, which makes the insolvency professional more accountable on avoidance transactions, was much-needed, but addresses the issue only partially It is

Clipped from: https://www.financialexpress.com/opinion/ibc-is-good-tweaks-can-make-it-better/2304487/ The conflict between the sanctity of the insolvency resolution process and maximising value must be sorted out The Mumbai NCLT bench, for instance,

Clipped from: https://www.financialexpress.com/industry/piramal-resolution-for-dhfl-63-moons-moves-supreme-court-against-nclt-order/2304490/ 63 Moons, which holds non-convertible debentures (NCDs) worth over Rs 200 crore issued by DHFL, has challenged the NCLAT’s judgment on the grounds

Clipped from: https://www.business-standard.com/article/finance/poor-asset-valuation-economic-climate-nclt-delays-see-ibc-losing-favour-121080301989_1.html Less than 200 cases have been admitted to the National Company Law Tribunal till June after the suspension was lifted on March 24,

Clipped from: https://www.thehindubusinessline.com/economy/ibc-deviated-from-its-original-objectives/article35705720.ece Need to revisit its design and implementation, it said The Standing Committee on Finance headed by Jayant Sinha said the Insolvency and Bankruptcy

Clipped from: https://www.financialexpress.com/industry/ibbi-hints-at-pre-pack-scheme-for-large-firms/2302882/ Already, IPs have, in many cases, unearthed avoidance transactions and filed applications with the National Company Law Tribunal (NCLT) for appropriate directions, he

Clipped from: https://www.financialexpress.com/economy/ibc-strayed-from-original-goals-panel/2303646/ As many as 13,170 insolvency cases involving claims of Rs 9 lakh crore are awaiting resolution before the National Company Law Tribunal (NCLT),

Clipped from: https://www.financialexpress.com/economy/ibc-sharply-reduced-haircuts-for-lenders-says-ibbi-chief-sahoo/2303648/ “It is axiomatic that a company coming to the IBC does not have adequate assets to repay all its creditors. On an average,

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/changes-to-insolvency-law-approved-by-rajya-sabha/articleshow/85015887.cmsSynopsis Rajya Sabha gave its nod to the bill, cleared by Lok Sabha on July 28, which will replace the ordinance promulgated in April

Clipped from: https://www.thehindubusinessline.com/money-and-banking/ips-to-face-penalty-for-non-compliances/article35668670.ece As many as 14 contraventions have now been listed out by the IBBI   –  Getty Images/iStockphoto As many as 14 contraventions have now

Clipped from: https://www.business-standard.com/article/economy-policy/crackdown-on-erring-insolvency-professionals-ibbi-sets-hefty-penalties-121080100106_1.html The Centre has proposed a crackdown on insolvency professionals that develop nexus with companies facing bankruptcy proceedings thereby delaying the resolution process Representative