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
Category: IBC-SEBI
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
Swinging to frenetic global market beat – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/swinging-to-frenetic-global-market-beat/articleshow/84621335.cmsSynopsis Swing pricing increases or decreases the net asset value of a fund by a pre-announced swing factor, say, 2%, by loading the transaction
IBBI makes resolution professionals more accountable – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/corporate-insolvency-ibbi-makes-resolution-professionals-more-accountable/article35439950.ece?homepage=true Requires them to electronically file details on preferential and fraudulent transactions entered into by corporate debtor Insolvency regulator IBBI has taken another significant
Insolvency and Bankruptcy Code is broken. It needs to be fixed, immediately – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/insolvency-and-bankruptcy-code-is-broke-it-needs-to-be-fixed-immediately/articleshow/84595207.cmsSynopsis While 4,540 insolvency cases have been admitted for Corporate Insolvency Resolution Process (Cirp), significant recovery has materialised only in a handful of cases,
The right resolution | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/nclt-resolution-videocon-insolvency-7414247/ NCLT order in Videocon case underscores imperative to maintain sanctity of IBC process On June 8, the NCLT had approved the resolution plan
LIC Housing Finance approaches SAT on issue of preference shares to LIC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/lic-housing-finance-approaches-sat-on-issue-of-preference-shares-to-lic/article35432237.ece Exchanges had sought clarification on pricing LIC Housing Finance has approached the Securities Appellate Tribunal over the company’s preferential allotment of shares to
Collateral margin: Bourses told to keep client-wise record to check fund misuse – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/collateral-margin-bourses-told-to-keep-client-wise-record-to-check-fund-misuse/article35429447.ece?homepage=true Individuals can now see their collateral in dedicated portal Two decades after margin collection by brokers for derivatives trading came into play, SEBI
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