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
Category: IBC-SEBI
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
Directors’ competencies: A tall order for India Inc – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/directors-competencies-a-tall-order-for-india-inc/articleshow/85202226.cmsSynopsis There has to be a change in mindset while cos are determining who their IDs should be. SEBI’s order included an elaborate and
A fair deal for minority shareholders | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/in-perspective/a-fair-deal-for-minority-shareholders-1017671.html The ‘independence’ of independent directors is questionable as they are unlikely stand up for minority interests against the promoter Representative Image. Credit: iStockPhoto
All about control – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/all-about-control/article35802622.ece SEBI has overlooked key issues in shifting compliance onus from “promoter” to “controlling shareholder” The Securities Exchange Board of India (SEBI) has approved
IBC resolutions delayed, but still a blessing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibc-resolutions-delayed-but-still-a-blessing/article35803502.ece?homepage=true At an average of 375 days, timeline is better than 4.3 years reported under earlier laws The average time taken for completion of
Sebi amends rules to empower independent directors – The Financial Express
lipped from: https://www.financialexpress.com/market/sebi-amends-rules-to-empower-independent-directors/2306651/ The regulator has modified the composition of nomination and remuneration committee to include two-third independent directors in the panel against the earlier of
Sebi board clears new norms for share-based employee benefits, other proposals – The Hindu
Clipped from: https://www.thehindu.com/business/markets/sebi-board-clears-new-norms-for-share-based-employee-benefits-other-proposals/article35768555.ece Markets watchdog Sebi on Friday cleared a slew of proposals, including new regulations for share-based employee benefits and sweat equity, as well as
NCLT dismisses minority shareholders plea for forensic audit at Golden Tobacco – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/tobacco/nclt-dismisses-minority-shareholders-plea-for-forensic-audit-at-golden-tobacco/articleshow/85109345.cmsSynopsis The NCLT also dismissed the plea of minority shareholders, who together hold about 28.28%, to set aside a land deal that the maker
NCLT admits tea producer McLeod Russel for bankruptcy proceedings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/nclt-admits-tea-producer-mcleod-russel-for-bankruptcy-proceedings/articleshow/85121116.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The bankruptcy proceedings were initiated by construction company Techno Electric and Engineering Company in 2019 over a default on interest payments towards a
Capital markets reforms: Sebi ushers in next generation reforms in capital markets, promoter definition – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/sebi-ushers-in-next-generation-reforms-in-capital-markets-promoter-definition/articleshow/85126699.cmsSynopsis The Sebi board has rolled out two very significant changes – first, the reduction in lock-in periods for minimum promoters’ contribution and for
RIL-Future deal: Lenders worried over big hair-cuts, IBC option open | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ril-future-deal-lenders-worried-over-big-hair-cuts-ibc-option-open-121080601985_1.html Retail entity’s cash flows have been hit, and if the merger deal does not go through, the working of restructuring would be under
RIL-Future deal: Lenders worried over big hair-cuts, IBC option open | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ril-future-deal-lenders-worried-over-big-hair-cuts-ibc-option-open-121080601985_1.html Retail entity’s cash flows have been hit, and if the merger deal does not go through, the working of restructuring would be under
The haircut that never was: Need to factor in whether a loan account had become an NPA while assessing haircut from its resolution under IBC – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-haircut-that-never-was-need-to-factor-in-whether-a-loan-account-had-become-an-npa-while-assessing-haircut-from-its-resolution-under-ibc/2305310/ A delay in initiating the insolvency process also means that creditors, because of their unhappy experience, are more inclined to take back their
Can a govt bailout package keep Voda-Idea afloat? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/can-a-govt-bailout-package-keep-voda-idea-afloat/article35751574.ece?homepage=true If Voda can’t sustain itself as a going concern, the only option is for it to go under the IBC With both promoters,
IBC: Urgently need a professional ‘Code of Conduct’ for committee of creditors, says Parliamentary Panel – The Hindu BusinessLine
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
Banks use ARCs for ever-greening: Parliamentary Committee on Finance | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-use-arcs-for-ever-greening-parliamentary-committee-on-finance-121080401179_1.html Calls for encouraging banks to bring down their leverage, says present “grim situation” should not be used as an alibi for bank privatisation
Respect regulations | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/respect-regulations-121080401927_1.html Govt’s U-turn on minimum public float of PSUs is surprising The benchmark stock market indices hit all-time highs this week and the sustained buoyancy is
Making the IBC more effective – The Financial Express
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
Competition Commission of India clears PNB Housing Finance deal with Carlyle – The Financial Express
Clipped from: https://www.financialexpress.com/industry/competition-commission-of-india-clears-pnb-housing-finance-deal-with-carlyle/2304305/ PNBHF, however, has said it would await SAT judgment on the matter. The appellate tribunal has already heard both the sides but is
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