Clipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/nclat-stays-order-of-nclt-against-appu-hotels/articleshow/84929028.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Originally, on an application from Tourism Finance Corporation of India, the corporate creditor, under Sec.7 of the Insolvency and Bankruptcy Code, the tribunal
Category: IBC-SEBI
Arush Khanna writes: Cloud over Videocon resolution process points to larger weakness in IBC
Clipped from: https://indianexpress.com/article/opinion/columns/videocon-resolution-process-ibc-nclat-7431003/ Arush Khanna writes: Almost four years and a 95 per cent haircut later, the call for an immediate course correction couldn’t be louder.
5 Years of IBC: Acquirers laugh their way to banks, haircuts bleed lenders – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/5-years-of-ibc-acquirers-laugh-their-way-to-banks-haircuts-bleed-lenders-302629-2021-07-28 In 11 insolvency cases that were resolved in the recent past, banks took a massive haircut of more than 90 per cent. The
NCLAT reserves judgment on Devas Multimedia employees’ appeals – The Financial Express
Clipped from: https://www.financialexpress.com/industry/nclat-reserves-judgment-on-devas-multimedia-employees-appeals/2299812/ On a petition filed by Antrix Corporation, an entity dealing in commercial business of spectrum under the control of the department of space
The other side of IBC | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-other-side-of-ibc-121072801872_1.html Any restructuring of stressed accounts outside the IBC would not look credible till the performance of PSBs improves Some recent cases have raised
A quick look into Sebi’s fresh push to crackdown on insider trading | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/a-quick-look-into-sebi-s-fresh-push-to-crackdown-on-insider-trading-121072701358_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The market regulator recently raised the reward for providing credible information that leads to prosecution from Rs 1 crore to Rs 10 crore
Sebi chief Ajay Tyagi slams India Inc over poor disclosure standards | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/sebi-chief-ajay-tyagi-slams-india-inc-over-poor-disclosure-standards-121072801556_1.html Tyagi says the market regulator is examining free float in listed companies Ajay Tyagi, Chairman, Sebi The Securities and Exchange Board of India
Changes to DICGC Act: Deposit insurance cover gets stronger – The Financial Express
Clipped from: https://www.financialexpress.com/economy/changes-to-dicgc-act-deposit-insurance-cover-gets-stronger/2299587/ Customers to have access to deposits in 90 days if a bank goes bust; start-ups to benefit as a dozen offences by LLPs
NCLAT to hear FD holders’ plea in DHFL resolution case on Sept 16 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/nclat-to-hear-fd-holders-plea-in-dhfl-resolution-case-on-sept-16/article35560086.ece Petitioners plan to move SC for interim protection The National Company Law Appellate Tribunal (NCLAT) has refused to grant a stay on the
Decoded: What is prepackaged insolvency resolution & how does process work? | Business Standard News
Clipped from: https://www.business-standard.com/article/specials/decoded-what-is-prepackaged-insolvency-resolution-how-does-process-work-121072701762_1.html The prepackage process for resolution has been popular in Europe and the US over the past decade To be eligible, a company must
A quick look into Sebi’s fresh push to crackdown on insider trading | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/a-quick-look-into-sebi-s-fresh-push-to-crackdown-on-insider-trading-121072701358_1.html The market regulator recently raised the reward for providing credible information that leads to prosecution from Rs 1 crore to Rs 10 crore
Sebi asks for ultimate beneficial owners’ information in Adani firms | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-asks-for-ultimate-beneficial-owners-information-in-adani-firms-121072800007_1.html The custodians are directed to provide information in 15 days Securities and Exchange Board of India The Securities and Exchange Board of India (Sebi) has
Insolvency pre-packs good for small firms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/insolvency-pre-packs-good-for-small-firms/articleshow/84801682.cmsSynopsis Regulation should be light-touch, however, and pre-packs should cover larger companies. The government’s move to amend the insolvency law to allow pre-packaged insolvency resolution plans
All you wanted to know about collateral margin – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article35545981.ece The Securities and Exchange Board of India (SEBI) came up with a fresh circular last week to strengthen the collateral margin reporting mechanism
IBC: 5 Years of IBC: Insolvency law has helped improve recoveries, but delays disappoint – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/5-years-of-ibc-insolvency-law-has-helped-improve-recoveries-but-delays-disappoint/articleshow/84740887.cmsSynopsis This May, the Insolvency and Bankruptcy Code (IBC) completed five years since it was passed by Parliament. It was a law envisaged to
Suraksha ARC promises to restart stalled Jaypee Infra projects soon | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/suraksha-arc-promises-to-restart-stalled-jaypee-infra-projects-soon-121072600691_1.html Will infuse working capital funds, deploy a new tech team to revive stalled work; plans to collect dues from home buyers and monetise
‘IPs can’t handle more than 10 cases at a time’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ips-cant-handle-more-than-10-cases-at-a-time/article35523357.ece Professionals with 10 years of experience in law, management can also become IPs: IBBI Insolvency regulator IBBI has capped the number of assignments
Pre-packs for MSMEs: FM likely to introduce Insolvency Amendment Bill in LS on July 26 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/pre-packs-for-msmes-fm-likely-to-introduce-insolvency-amendment-bill-in-ls-today/article35523550.ece Bill to replace ordinance issued in April Finance Minister Nirmala Sitharaman is likely to introduce a Bill in Lok Sabha on Monday to
CG Power: CBI files: Three CG Power auditors under scanner for signing off on fraudulent transactions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/cbi-files-three-cg-power-auditors-under-scanner-for-signing-off-on-fraudulent-transactions/primearticleshow/84561258.cms SynopsisSharp & Tannan, Chaturvedi & Shah, and KK Mankeshwar & Co were auditors of CG Power in the years between FY15 and FY19.
Shared pain in sharing-economy stocks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/shared-pain-in-sharing-economy-stocks/article35514454.ece?homepage=true Underperformance since listing and delayed profitability timelines are common threads Like Zomato, sharing or gig economy businesses such as ride hailing, food delivery
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