Clipped from: https://www.financialexpress.com/industry/ibbi-79-of-ongoing-cases-unresolved-for-over-270-days/2264016/ In January-March quarter, 29 insolvency cases were successfully resolved, with creditors recovering Rs 4,600 crore out of a total claim of Rs 17,389
Category: IBC-SEBI
Kapil Wadhawan moves SC over NCLAT stay against his Rs 91,000-cr DHFL offer | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/kapil-wadhawan-moves-sc-over-nclat-stay-against-his-rs-91-000-cr-dhfl-offer-121060100852_1.html NCLAT was scheduled to hear the reply of Wadhawan on June 25, but he moved SC before that On May 25, NCLAT had
‘Watertight rules to prevent promoters’ backdoor entry might prove futile to objective of Pre-Pack scheme’ – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/cafe-sme/watertight-rules-to-prevent-promoters-backdoor-entry-might-prove-futile-to-objective-of-pre-pack-scheme/2261861/ The scheme has been notified with the idea that it is MSMEs’ prerogative to have an alternative debt resolution mechanism considering their unique
Infosys begins internal probe after SEBI order on two employees involved in insider trading – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/information-tech/infosys-begins-internal-probe-after-sebi-order-on-two-employees-involved-in-insider-trading/articleshow/83148080.cmsSynopsis Infosys senior corporate counsel Pranshu Bhutra and senior principal Venkata Subramaniam V V were barred from accessing the securities market after investigating insider
Half the cases closed under IBC end in liquidation, only 13% resolved | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/half-the-cases-closed-under-ibc-end-in-liquidation-only-13-resolved-121053101129_1.html Haircut rises to 60% of lenders’ claims in FY21 The Indian government had launched IBC 2016 to help banks recover their dues from
Lenders terminate bankruptcy proceedings against Lavasa Corporation | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/lenders-terminate-bankruptcy-proceedings-against-lavasa-corporation-121053100035_1.html Lenders who have run up Rs 7,700 cr bad loans will call for fresh bids Lavasa, a subsidiary of HCC, was sent for
Bad loans and personal guarantees – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/bad-loans-and-personal-guarantees/article34683404.ece The SC verdict has brought relief to creditors waging long battles against bad loans On May 21, 2021, the Supreme Court dismissed pleas
All about MF dividend plan nomenclatures – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-mf-dividend-plan-nomenclatures/article34678819.ece Under dividend option, certain portion of the capital can be distributed as dividend College mates discuss money, politics and life over a video
Big 4-Indian auditors spat over new RBI guidelines turns ugly – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/big-4-indian-auditors-spat-over-new-rbi-guidelines-turns-ugly/articleshow/83045794.cms Synopsis–The spat between the Big Four professional services firms and Indian auditors over the new RBI guidelines for appointments of statutory auditors has
Despite record dividend, RBI and govt may have differences over new norms | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/despite-rbi-s-record-dividend-rift-surfaces-with-finmin-over-audit-norms-121052601038_1.html Apex bank’s Rs 99,122 cr dividend supports the Centre’s fiscal rescue plan, obviates need to ramp up borrowings for now The finance ministry feels the
Banks to sell Mallya’s UBL shares worth Rs 5,500 cr after PMLA court nod | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/banks-to-sell-mallya-shares-worth-rs-5-500-cr-after-pmla-court-nod-121052801354_1.html SBI in talks with SBI Caps to sell shares via block deals A source said banks would be able to sell shares to
Technical member imbroglio: SEBI should stand its ground against SAT order – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/technical-member-imbroglio-sebi-should-stand-its-ground-against-sat-order/article34670182.ece Expediting key appointments good for all stakeholders Recently, the Securities Appellate Tribunal (SAT), which hears appeals against SEBI’s regulatory orders, made an important
‘SC ruling to hold personal guarantor liable in insolvency cases to strengthen MSMEs’ credit discipline’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/sc-ruling-to-hold-personal-guarantor-liable-in-insolvency-cases-to-strengthen-msmes-credit-discipline/2258952/ The judgment will also encourage the promoters to use the pre-pack regime for MSMEs to find resolutions acceptable to the creditors and strengthen
Key takeaways from newly notified anti-abuse rules for tax valuation of slump sale – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/key-takeaways-from-newly-notified-anti-abuse-rules-for-tax-valuation-of-slump-sale/articleshow/83001497.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Though seemingly well intentioned, the FMV Rules for slump sale had the potential to create enormous uncertainty for taxpayers if they were based
NCLT directs power distribution firm not to take any coercive action against Sterling Biotech – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/nclt-directs-power-distribution-firm-not-to-take-any-coercive-action-against-sterling-biotech/articleshow/82999075.cmsSynopsis Sterling Biotech’s liquidator had approached the Mumbai bench of the National Company Law Tribunal (NCLT), with a plea to restrain Madhya Gujarat Vij
Jio seeks Reliance Infratel’s forensic audit reports – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/jio-seeks-rel-infratels-forensic-audit-reports/articleshow/83015527.cmsSynopsis The probe, which looked at transactions between May 2017 and March 2018, found three large entries buried under hundreds of thousands of others
Games promoters play | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/games-promoters-play-121052701658_1.html If a promoter knows that he can afford not to repay loans and buy back his company in the bankruptcy court at a
Banks may target family trusts of loan guarantors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-may-target-family-trusts-of-loan-guarantors/articleshow/82985824.cms Synopsis–Many of the family trusts created by businesspeople are meant primarily to protect their assets from potential claims related to their companies, such
Banks assure homebuyers of support for Jaypee Infra resolution, not keen on liquidation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-infratech-resolution-key-lenders-assure-homebuyers-of-best-possible-outcome/articleshow/82972879.cms SynopsisAround 20,000 home buyers have been waiting to get delivery of their homes following the Allahabad bench of the NCLT classified Jaypee Infratech
Banks may target family trusts of loan guarantors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-may-target-family-trusts-of-loan-guarantors/articleshow/82985824.cms Synopsis-Many of the family trusts created by businesspeople are meant primarily to protect their assets from potential claims related to their companies, such
aniltikotekar4sme.com 