Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-halts-rs-4000-crore-carlyle-pnbhf-deal/article34863869.ece?homepage=true Move is ultra vires of Articles of Association; PNBHF insists due process followed The Securities and Exchange Board of India has asked PNB
Category: IBC-SEBI
Insolvency law changing the way society perceives business failures, says M S Sahoo – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-law-changing-the-way-society-perceives-business-failures-says-m-s-sahoo/articleshow/83685298.cmsSynopsis Little over five years after its enactment, the Insolvency and Bankruptcy Code (IBC), which provides a time-bound and market-linked framework for resolution of
Large listed firms get more flexibility on minimum public shareholding norms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/large-listed-firms-get-more-flexibility-on-minimum-public-shareholding-norms/articleshow/83681809.cmsSynopsis The Department of Economic Affairs has stipulated a minimum offer size of at least Rs 5,000 crore or 5% of issued capital “if
Why Piotroski Score is a good starting point for DIY investors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/why-piotroski-score-is-a-good-starting-point-for-diy-investors/article34860732.ece The metric ranks companies based on nine important parameters from their financials Whether the ongoing bull run in the equity markets would continue
How reading IPO prospectus helps avoid dud stocks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/why-reading-ipo-prospectus-helps-avoid-dud-stocks/article34857666.ece Use the information in RHP to do a 360-degree assessment of the company before you invest Initial Public Offers (IPOs) are used by
Easier minimum public offer norms come into effect – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/easier-minimum-public-offer-norms-come-into-effect/article34861220.ece Move will help LIC IPO, push disinvestment The Finance Ministry has notified the relaxed minimum public offer norms for large companies planning to
It’s a bank, PMC will be part of, it’s not takeover, says Centrum’s Jaspal Bindra – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/its-a-bank-pmc-will-be-part-of-its-not-takeover-says-centrums-jaspal-bindra/articleshow/83657489.cmsSynopsis The RBI has granted Centrum 120 days to convert itself into a bank with fintech player BharatPe as an investor who will merge
IBBI crowdsources ideas for regulatory tweaks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibbi-crowdsources-ideas-for-regulatory-tweaks/article34852362.ece The public can now help modify the regulations already put in place by the insolvency regulator Insolvency and Bankruptcy Code of India (IBBI)
Karnataka HC begins hearing appeals by Amazon, Flipkart on CCI investigation – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/karnataka-hc-begins-hearing-appeals-by-amazon-flipkart-on-cci-investigation/article34852462.ece A fresh round of legal battle begins A fresh round of legal battle began between the e-commerce majors Flipkart, Amazon and the Competition
Ray of hope for PMC depositors as Centrum roped in for revival | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/ray-of-hope-for-pmc-depositors-as-centrum-roped-in-for-revival-121061801528_1.html However, restrictions to continue for a while till Centrum gets the final approval PMC Bank sources said it will take another three months
RBI has given us 120 days to operationalise SFB: Centrum’s Jaspal Bindra | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/we-have-been-given-120-days-time-by-rbi-to-operationalize-the-bank-121061801711_1.html In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to
Protecting IBC’s spirit: NCLT focus on confidentiality clause in Videocon Industries resolution welcome – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/protecting-ibcs-spirit-nclt-focus-on-confidentiality-clause-in-videocon-industries-resolution-welcome/2273504/ The VIL-Twin Star case draws attention to the fact that creditors, at times, are realising pitifully small amounts—in the Alok Industries case, where
Yes Bank news: YES Bank removes fraud tag on Avantha Holdings after forensic audit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-removes-fraud-tag-on-avantha-holdings-after-forensic-audit/articleshow/83625913.cmsSynopsis The bank had red-flagged the account to the Reserve Bank of India (RBI) after the Thapar group company defaulted on a loan that
Patience, competence must in resolution – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/patience-competence-must-in-resolution/articleshow/83613845.cmsSynopsis To achieve the public policy goal of maximising the value realised from resolution, patience and hard work are called for. The present system
Protecting IBC’s spirit: NCLT focus on confidentiality clause in Videocon Industries resolution welcome – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/protecting-ibcs-spirit-nclt-focus-on-confidentiality-clause-in-videocon-industries-resolution-welcome/2273504/ The VIL-Twin Star case draws attention to the fact that creditors, at times, are realising pitifully small amounts—in the Alok Industries case, where
Key obstacle removed with Yes Bank, Axis green signal to RCap’s asset sale | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/key-obstacle-removed-with-yes-bank-axis-green-signal-to-rcap-s-asset-sale-121061700858_1.html The two banks are jointly owed Rs 1,575 cr and had objected to the sale unless their dues are paid. Yes Bank recently
Jet Airways shareholders reject FY19 and FY20 accounts ahead of NCLT ruling | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/jet-airways-shareholders-reject-fy19-and-fy20-accounts-ahead-of-nclt-ruling-121061701203_1.html Institutional investors lead rejection brigade as Naresh Goyal abstains; proposal to appoint Sharp and Tannan as statutory auditors approved Shareholders of Jet Airways have rejected the
NCLT raises doubt over confidentiality of liquidation valuation of Videocon – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/companies/nclt-raises-doubt-over-confidentiality-of-liquidation-valuation-of-videocon/articleshow/83574971.cmsSynopsis The liquidation value of Videocon Industries and its 12 group companies was Rs 2,568.13 crore and fair value of the assets was Rs
MCA amends board meeting rules to permanently allow virtual resolutions on financial statements, restructuring – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mca-amends-board-meeting-rules-to-permanently-allow-virtual-resolutions-on-financial-statements-restructuring/articleshow/83576768.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis ET had first reported in January on the government’s intention to make certain pandemic-induced relaxations permanent such as allowing virtual annual general meetings
Acuité Ratings and CARE Ratings come together to set up Association of Indian Rating Agencies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/acuit-ratings-and-care-ratings-come-together-to-set-up-association-of-indian-rating-agencies/article34819955.ece AIRA, incorporated as a Section 8 (not-for-profit) company, is expected to work closely with the regulator and the government for development of debt
