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
Category: IBC-SEBI
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
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
Sebi’s new rules for independent directorship can help dilute promoters’ control over boards – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/sebis-new-rules-for-independent-directorship-can-help-dilute-promoters-control-over-boards/2281518/ The requirement of a special resolution for reappointment/ removal of an independent director dilutes promoters’ control Among the biggest instances of fraud have
Informants to get up to Rs 10 crore reward under Sebi’s prohibition of insider trading norms | Deccan Herald
Clipped from: https://www.deccanherald.com/business/business-news/informants-to-get-up-to-rs-10-crore-reward-under-sebis-prohibition-of-insider-trading-norms-1002907.html The changes are aimed at streamlining the process of reward payment and to enhance the quantum of reward under the informant mechanism The
SEBI moves to empower independent directors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-moves-to-empower-independent-directors/article35044704.ece?homepage=true Overhauls rules on appointment, removal of IDs In a bid to empower independent directors of listed companies, market regulator SEBI has overhauled rules
A non-performing code for bad debt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/a-non-performing-code-for-bad-debt/article35023396.ece?homepage=true Five years after the Insolvency and Bankruptcy Code was enacted, banks are still struggling to recover the vast sums they have lent In
All you need to know about Meme stocks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-need-to-know-about/article35023447.ece Meme stocks, what many believed was a pandemic-induced diversion, seems to be staying on as a trend. Beginning with AMC Entertainment, GameStop and
PNB Housing’s wait for capital gets longer – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/pnb-housings-wait-for-capital-gets-longer/articleshow/83902674.cmsSynopsis The proposal to raise Rs 4,000 crore in a share sale structure that aimed to balance the need for funds to grow and
Jaypee Infratech: Can the narrow win margin by the Suraksha group trigger a revote? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/jaypee-infratech-can-the-narrow-win-margin-by-the-suraksha-group-trigger-a-revote/article35003068.ece?homepage=true Though there is no provision for providing rebidding opportunities under the IBC, it appears that NBCC might appeal to the NCLT, say expert
What’s in store for PMC depositors | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/what-s-in-store-for-pmc-depositors-121062700789_1.html They will probably get their money back through staggered payments, and part of it can be converted into equity. Hundreds of employees of
IBBI ‘inadvertently’ puts out Aadhaar, PAN info of creditors on website; removes them later – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/ibbi-inadvertently-puts-out-aadhaar-pan-info-of-creditors-on-website-removes-them-later/article35001568.ece It could not be immediately ascertained as to such details of how many creditors were put out The Insolvency and Bankruptcy Board of
Covid effect: A four-point plan likely for bankruptcy professionals – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/covid-effect-a-four-point-plan-likely-for-bankruptcy-professionals/articleshow/83892982.cmsSynopsis Two people familiar with the matter told ET that the Indian Institute of Insolvency Professionals of ICAI (IIIPI) is making the recommendations, including
Why FD investors get the short end of the stick under waterfall mechanism – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/why-fd-investors-get-the-short-end-of-the-stick-under-waterfall-mechanism/article34993687.ece Fixed deposits in a company/NBFC are unsecured borrowings Shivram, an FD investor in Dewan Housing Finance Limited (DHFL) talks to his chartered accountant
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