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
Category: IBC-SEBI
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
Jet Airways shares: Jury is still out on whether bankrupt companies be allowed to trade on bourses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/jury-is-still-out-on-whether-bankrupt-companies-be-allowed-to-trade-on-bourses/articleshow/83875278.cmsSynopsis Retail shareholders are often at the losing end of bankruptcy resolutions at companies. Among other recent examples, hundreds of thousands of retail shareholders
Jet Airways: Seven-member panel to manage airline under resolution plan | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/jet-airways-seven-member-panel-to-manage-airline-under-resolution-plan-121062601097_1.html Further, Ashish Chhawchharia has ceased to be the resolution professional of the airline, according to a regulatory filing Photo: Shutterstock A seven-member monitoring
Jury is still out on whether bankrupt companies be allowed to trade on bourses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/jury-is-still-out-on-whether-bankrupt-companies-be-allowed-to-trade-on-bourses/articleshow/83875278.cmsSynopsis Retail shareholders are often at the losing end of bankruptcy resolutions at companies. Among other recent examples, hundreds of thousands of retail shareholders
DHFL retail investor moves NCLAT against delisting of shares – The Financial Express
Clipped from: https://www.financialexpress.com/industry/dhfl-retail-investor-moves-nclat-against-delisting-of-shares/2278691/ On June 7, National Company Law Tribunal (NCLT) had approved the resolution plan of Piramal Capital and Housing Finance (PCHFL) which offered to
Sebi mulls new, easier framework for companies to delist post open offer | Business Standard News
lipped from: https://www.business-standard.com/article/markets/sebi-mulls-new-easier-framework-for-companies-to-delist-post-open-offer-121062501048_1.html Aims to remove sequentially contradictory transactions in the takeover process The move, according to industry experts, means around Rs 35,000 crore each will
Sebi looks to broaden IPO reach, plans to rope in payment banks | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-looks-to-broaden-ipo-reach-plans-to-rope-in-payment-banks-121062501670_1.html Considers allowing payments banks, SFBs to handle application process; decision likely in Tuesday’s meeting An announcement in this regard is expected at the
Auditing the auditors: A case of too many cooks? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/auditing-the-auditors-a-case-of-too-many-cooks/article34975935.ece The NFRA was set up as a super regulator for the auditing profession. It needs more resources and legal teeth to be effective
SEBI mulls new norms to make it easier for companies to delist after open offer – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-mulls-new-norms-to-make-it-easier-for-companies-to-delist-after-open-offer/article34977208.ece Here the acquirer must state in the first public announcement, triggered by the mandatory tender offer, whether delisting is intended In a bid
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