clipped from: https://www.business-standard.com/article/companies/dhfl-resolution-lenders-weigh-options-after-nclt-s-surprise-call-121052100019_1.html Tribunal gave direction to have a look at offer by Kapil Wadhawan After the bankruptcy tribunal’s surprise order on Dewan Housing Finance (DHFL),
Category: IBC-SEBI
Committee of creditors rejects NBCC resolution plan for Jaypee Infratech | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/committee-of-creditors-rejects-nbcc-resolution-plan-for-jaypee-infratech-121052100040_1.html Lenders to vote on Suraksha plan from Monday Both NBCC and Suraksha ARC had bid for JIL’s assets, which owns a huge land
FM asks CCI to provide regulatory stimulus for India Inc’s revival – NEWS – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34610868.ece Addresses a virtual event to mark CCI’s 12th Annual Day Finance Minister Nirmala Sitharaman on Thursday asked the Competition Commission of India (CCI)
Buyback ‘fraud’: SEBI imposes fine of ₹5.25 crore on Cairn India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/buyback-fraud-sebi-imposes-fine-of-525-crore-on-cairn-india/article34599479.ece?homepage=true P Elango, 2 others charged ₹15 lakh each; firm lured investors with ‘misleading announcement’ Cairn India, the leading oil and gas player that
NCLT asks DHFL lenders to consider Wadhawan’s offer – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/nclt-asks-dhfl-lenders-to-consider-wadhawans-offer/article34600044.ece?homepage=true Bankers say since PCHFL’s resolution plan has been approved by majority of the lenders, it is unlikely that their decision will change. The
PE-VC exit deal value hits a two-year high in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/pe-vc-exit-deal-value-hits-a-two-year-high-in-april/article34590247.ece But with the second wave of Covid infections surging, experts say exits may see a dip in the coming months The cumulative value
About 50% of rated entities are ‘issuer non-cooperating’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/about-50-of-rated-entities-are-issuer-non-cooperating/article34589623.ece Borrowers find it difficult to obtain NOC from banks The number of companies being rated as ‘issuer non-cooperating’ has risen sharply for all
Defaulters seek generous bailouts like Siva-IDBI Bank one-time settlement | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/defaulters-seek-generous-bailouts-like-siva-idbi-bank-one-time-settlement-121051600334_1.html That deal, approved by 90% of Siva Industries lenders, was signed as there were no other suitable offers; lawyers say it will set
Jaypee Infratech insolvency: Suraksha emerges as the highest bidder | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/jaypee-infratech-insolvency-suraksha-emerges-as-the-highest-bidder-121051900035_1.html The company was sent for debt resolution in 2017 under the Insolvency and Bankruptcy Code 2016 after it defaulted on debt worth Rs
SAT rejects Sebi view, rules tribunal can function sans technical member | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sat-rejects-sebi-view-rules-tribunal-can-function-sans-technical-member-121051701301_1.html Requests government for faster filling up of vacancies, judicial clarity The Securities Appellate Tribunal has rejected the stock market regulator’s argument that it cannot pass
NBCC, Suraksha submit revised bids – The Financial Express
Clipped from: https://www.financialexpress.com/industry/jaypee-infratech-insolvency-nbcc-suraksha-submit-revised-bids/2250249/ Before submitting the revised plans, both Suraksha and NBCC held meetings with the homebuyers on May 2 and May 7, respectively, people in
How GoI’s gamechanging SWAMIH fund for stalled housing actually works on the ground – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/how-gois-gamechanging-swamih-fund-for-stalled-housing-actually-works-on-the-ground/articleshow/82717641.cmsSynopsis It is an innovative financing structure that must be replicated across several capital-intensive industries. Innovative financing is, indeed, the need of the hour.
IDBI-Sivasankaran deal raises hope for other defaulting promoters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-sivasankaran-deal-raises-hoped-for-other-defaulting-promoters/article34572075.ece Firms may be able to take back control of their companies if the debt resolution process fails to find new owners Former promoters
Companies may get time to deposit unspent CSR funds with banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/cos-may-get-time-to-deposit-unspent-csr-funds-with-banks/articleshow/82689659.cmsSynopsis Companies are required to spend at least 2% of their average net profit of the preceding three financial years on CSR. In January,
Stricter RBI rules force auditors to rethink on assessing holding companies – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/stricter-rbi-rules-force-auditors-to-rethink-on-assessing-holding-cos/articleshow/82689602.cms Synopsis–Holding companies of large corporate entities are now categorised as “deemed” Non Banking Finance Companies (NBFCs) even if they have not borrowed a
Govt not present as India faces ‘greatest challenge’ in Covid-19: Rajan | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/covid-probably-india-s-greatest-challenge-since-independence-rajan-121051501036_1.html ‘Pandemic has shown that we are all connected,’ says economist and former RBI governor at a virtual event. Covid-19 is probably India’s greatest
Sebi’s relaxed norms likely to give private equity firms faster exits | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/sebi-s-relaxed-norms-likely-to-give-private-equity-firms-faster-exits-121051401494_1.html Sebi also plans to replace the “promoter” concept to “person in control” So far, since PE funds have limited lives and long lock-in
Let promoter clause remain for better accountability – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/let-promoter-clause-remain-for-better-accountability/article34560086.ece Difficult to unearth Sahara-like scams if disclosures are curtailed in DRHP The market regulator Securities and Exchange Board of India last week came
Modernising promoter, albeit gradually – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/modernising-promoter-albeit-gradually/articleshow/82638491.cmsSynopsis We need better corporate governance in India Inc, with the board and management held to account. Hence the reduced regulatory relevance of the
Number of independent directors on decline; PSUs mainly responsible for reduction: Report – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/number-of-independent-directors-on-decline-psus-mainly-responsible-for-reduction-report/articleshow/82629611.cmsSynopsis The total number of IDs reduced to 2,249 in 2020 as against 2,396 in 2019 and 2,494 in the previous year, said the
aniltikotekar4sme.com 