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
Category: IBC-SEBI
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
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
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