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
Category: IBC-SEBI
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
The cases that landed some of India Inc’s top promoters and CEOs behind bars – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/the-cases-that-landed-some-of-india-incs-top-promoters-and-ceos-behind-bars/articleshow/84709947.cms SynopsisThe bulk of these cases pertain to non-repayment of bank loans, other financial irregularities and money laundering (Yes Bank, Religare, Unitech), with a
SC junks PIL to declare that NCLT cannot act as appellate authority – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/sc-junks-pil-to-declare-that-nclt-cannot-act-as-appellate-authority/articleshow/84703358.cmsSynopsis “It is not necessary for this court to return any finding on the question sought to be raised in the abstract without any
Bankruptcy award: Why Videocon’s oil & gas biz could come into focus | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/bankruptcy-award-why-videocon-s-oil-gas-biz-could-come-into-focus-121072301501_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Why the group’s oil and gas business could come into focus in the controversy over the bankruptcy award It is extremely unusual for
Govt changes rules related to incorporation of companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-changes-rules-related-to-incorporation-of-companies/articleshow/84687761.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Section 16 relates to rectification of a company name subject to various conditions, including that the government may direct changing a firm’s name
IBC: 5 years of IBC: Insolvency law has helped improve recoveries, but delays disappoint – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/5-years-of-ibc-insolvency-law-has-helped-improve-recoveries-but-delays-disappoint/articleshow/84658201.cms SynopsisThough the number of cases have been increasing, last fiscal was the first time the cases admitted slowed down year on year to
NCLAT refuses to stay Piramal Group’s resolution plan for DHFL | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclat-refuses-to-stay-piramal-group-s-resolution-plan-for-dhfl-121072301493_1.html A two-member bench presiding over the case said, “We do not think that any interim order as sought with regard to resolution plan
CG Power fraud: ICAI asks CBI for case details on ‘signing partners’ of auditors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/cg-power-fraud-icai-asks-cbi-for-case-details-on-signing-partners-of-auditors/article35498152.ece?homepage=true Nihar Jambusaria, Pesident, ICAI Nihar Jambusaria, President, ICAI× Seeks from SBI the plaint it filed and forensic audit reports to decide on action
Dice is loaded against minority shareholders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/dice-is-loaded-against-minority-shareholders/article35496394.ece?homepage=true Caught In the crossfire – istock.com× The courts have left few avenues for grievance redressal in the event of undervaluation of their stake
The Vanishing Billions – BusinessToday
Clipped from: https://www.businesstoday.in/magazine/editors-note/story/the-vanishing-billions-301990-2021-07-22 The advent of the IBC, clearly one of the most important reforms witnessed in Corporate India in recent times, has meant that errant
India’s Fallen Billionaires – BusinessToday
Clipped from: https://www.businesstoday.in/magazine/cover-story/story/indias-fallen-billionaires-301989-2021-07-22 How a dozen leading Indian businessmen lost their crown jewels to unsustainable debt In the second week of March, Venugopal Dhoot, 69, who
SEBI’s delisting norms make sense – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/sebis-delisting-norms-make-sense/articleshow/84654415.cmsSynopsis The proposed changes would allow an acquirer to launch an open offer and initiate delisting simultaneously by announcing a takeover price and a
Punting on bankruptcy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/punting-on-bankruptcy/article35347573.ece Improving disclosures on IBC stocks will curb insider trading and protect small investors Stocks of companies undergoing corporate insolvency resolution process (CIRP) have
Swing factor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebis-proposal-to-allow-debt-funds-to-use-swing-pricing-is-a-good-move-but-safeguards-are-needed/article35473315.ece Making AMCs run segregated portfolios for retail and institutional investors may be a better idea – REUTERS Making AMCs run segregated portfolios for
CCI issues notice to Amazon for suppression of facts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/cci-issues-notice-to-amazon-for-suppression-of-facts/article35475920.ece The Competition Commission of India has slapped a show-cause notice against Amazon in relation to its investment in Kishore Biyani-led Future Coupon Private
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