Clipped from: https://economictimes.indiatimes.com/industry/services/retail/future-retail-reliance-deal-sc-to-hear-on-july-20-amazon-plea-against-hc-verdict/articleshow/84230549.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis On February 22, the top court had asked the National Company Law Tribunal (NCLT) not to pass the final order on the amalgamation.
Category: IBC-SEBI
Ajay Piramal is taking a leap of faith with the acquisition of DHFL. Can he get it right this time? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/ajay-piramal-is-taking-a-leap-of-faith-with-the-acquisition-of-dhfl-can-he-get-it-right-this-time/primearticleshow/84184335.cms SynopsisPiramal Group’s DHFL acquisition is a combination of Ajay Piramal’s aspiration to build a decent-scale financial-services business and the management’s perseverance through the
Ignore nominee directors at your own peril – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/view-ignore-nominee-directors-at-your-own-peril/articleshow/84196693.cmsSynopsis The efforts to strengthen the corporate governance framework through enhancing the effectiveness of Independent Directors are welcome. These directors are essential for monitoring
NCLAT allows withdrawal of Oyo insolvency case in setback to hoteliers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/nclat-allows-withdrawal-of-oyo-insolvency-case-in-setback-to-hoteliers/articleshow/84198131.cmsSynopsis Oyo has reached an out-of-court settlement with hotelier Rakesh Yadav, but scores of others had approached NCLT with claims against the company that
Bank fraud: Shakti Bhog CMD Kewal Krishan Kumar arrested in money laundering case – The Financial Express
Clipped from: https://www.financialexpress.com/india-news/bank-fraud-shakti-bhog-cmd-kewal-krishan-kumar-arrested-in-money-laundering-case/2284305/ A forensic audit done by the bankers pointed out that the company, in its account books of financial year 2015-16, showed that its
95% Jet staff must consent to Kalrock-Jalan proposal or lose benefits | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/95-jet-staff-must-consent-to-kalrock-jalan-proposal-or-lose-benefits-121070501191_1.html Voting on the consortium’s offer for employees and workmen began on Monday and will go on till August 4 The National Company Law
How good is Sebi at recovering money? | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/bs-number-wise-how-good-is-sebi-at-recovering-money-121070500151_1.html The value of notices Sebi has sent out since getting recovery powers in 2013 is more than twice Mumbai’s annual municipal budget The
Independent directors, company boards ensure checks and balance. Who gets on to them is critical to corporate governance
Clipped from: https://indianexpress.com/article/opinion/editorials/pnb-housing-finance-securities-and-exchange-board-of-india-independent-directors-7388929/ Independent directors, company boards ensure checks and balance. Who gets on to them is critical to corporate governance Unfortunately, such concerns over the
MSME Associations worry over Gadkari’s move to include retailers and traders in MSME sector – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-associations-worry-over-gadkaris-move-to-include-retailers-and-traders-in-msme-sector/2284292/ Ease of Doing business for MSMEs: MSME associations have expressed their concern about the expansion of MSME definition fearing dilution of the sector
Government should bring provisions under IBC for priority settlement of MSME vendors’ dues, says expert – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-government-should-bring-provisions-under-ibc-for-priority-settlement-of-msme-vendors-dues-says-expert/2284430/ Ease of Doing Business for MSMEs: The government in April this year had introduced an ordinance for a pre-packaged insolvency resolution process for
New greater role for independent directors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/new-greater-role-for-independent-directors/articleshow/84121698.cmsSynopsis It is welcome that Sebi has thoroughly revised its stipulations for independent directors (ID) so as to boost oversight and corporate governance across
Bankruptcy: For a 90% haircut, try India’s bankruptcy salon – The Economic Times
lipped from: https://economictimes.indiatimes.com/markets/stocks/news/for-a-90-haircut-try-indias-bankruptcy-salon/articleshow/84130490.cmsSynopsis According to an analysis by REDD Intelligence, of the 4,300-plus stressed debtors that have been taken through the 2016 corporate insolvency law, 48%
Vodafone Idea: Cash-strapped Vodafone Idea looks to monetise assets to raise $1 billion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/cash-strapped-vi-looks-to-monetise-assets-to-raise-1-billion/articleshow/84130668.cmsSynopsis The telco needs to pay Rs 22,500 cr between December 2021 and April 2022 toward a mix of regular debt, adjusted gross revenue
Brazen gaming of bankruptcy process on | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/brazen-gaming-of-bankruptcy-process-on-121070500012_1.html According to the data from the Insolvency and Bankruptcy Board of India (IBBI), in over 363 major NCLT resolutions since 2017, banks have
Financial Bites: How to use leverage ratios to sniff out company’s financial riskiness – The Financial Express
Clipped from: https://www.financialexpress.com/money/financial-bites-how-to-use-leverage-ratios-to-sniff-out-companys-financial-riskiness/2283324/ Leverage ratios such as debt to equity ratio, debt to asset ratio, interest coverage ratio, and debt service coverage ratio offers a deep
SC dismisses homebuyer’s petition challenging Wave group’s insolvency proceedings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/sc-dismisses-homebuyers-petition-challenging-wave-groups-insolvency-proceedings/articleshow/84093985.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Wave Mega City Center (WMCC) Private Limited, a special purpose vehicle of real estate developer Wave group, had moved the National Company Law
Jet Airways resolution: Shares to remain listed, new owners propose FPO – The Financial Express
Clipped from: https://www.financialexpress.com/industry/jet-airways-resolution-shares-to-remain-listed-new-owners-propose-fpo/2282331/ The consortium will invest a maximum sum of Rs 600 crore in the equity of the airline which will give them 89.79% stake
Understanding IBC: Facts and implementation challenges – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/understanding-ibc-facts-and-implementation-challenges/article35071282.ece The principal objective of the law is to restructure and resolve insolvency of corporate persons, writes Hemant Batra Insolvency and Bankruptcy Code, 2016
Towards better governance | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/towards-better-governance-121070100029_1.html New norms for independent directors need strict monitoring The Securities and Exchange Board of India (Sebi) has made several important changes to regulations
Lenders looking to enforce guarantees of former promoters of Aircel | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/lenders-looking-to-enforce-guarantees-of-former-promoters-of-aircel-121070100975_1.html Maxis gave Rs 12,000 cr guarantees to SBI Lenders of Aircel Ltd are looking at the option to invoke the corporate guarantees given by the
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