lipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-homebuyers-request-pm-narendra-modi-to-intervene/articleshow/81886393.cmsSynopsis Jaypee Infratech’s committee of creditors (CoC) had on December 18, 2019 selected NBCC to acquire the company with 97.36% of the votes. The
Category: IBC-SEBI
What gross profit margin tells about a firm – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-what-gross-profit-margin-tells-about-a-firm/2225092/ Higher the gross profit margin, better the firm’s efficiency in managing its production expenses Let us look at the computation of gross profit
NCLAT removes stay on Reserve Bank of India action against Srei group | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclat-lifts-restriction-on-any-rbi-action-against-srei-121040101512_1.html NCLT had passed an order preventing regulatory authorities from taking any coercive steps against the company The RBI had argued that the tribunal
Will independent directors speak up? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/will-independent-directors-speak-up/article34216865.ece SEBI’s recent proposals have minority investor interests at heart, but regulations only scratch the surface In his 2019 letter to shareholders, famed investor
SEBI must ensure effective management, good governance are valued in board composition – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/view-sebi-must-ensure-effective-management-good-governance-are-valued-in-board-composition/articleshow/81854476.cms Synopsis–Over the past decade, IDs have grown in stature and voice. Most well-run listed companies have IDs who add genuine value to the
Will independent directors speak up? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/will-independent-directors-speak-up/article34216865.ece?homepage=true SEBI’s recent proposals have minority investor interests at heart, but regulations only scratch the surface In his 2019 letter to shareholders, famed investor
Shareholder of DHFL moves Bombay High Court, seeks stay on delisting | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/shareholder-of-dhfl-moves-bombay-high-court-seeks-stay-on-delisting-121033001351_1.html The regulation further provides that the floor price will be determined in terms of the Takeover Regulations The petition is also challenging the
IBC rebooted – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/given-the-covid-context-the-pre-pack-option-should-be-finalised/article34191820.ece Given the Covid context, the ‘pre-pack’ option should be finalised The Covid impact poses fresh challenges to the recently-restarted IBC process which has
Pre-pack insolvency: Sahoo panel submits report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/pre-pack-insolvency-sahoo-panel-submits-report/article33040042.ece Recommends mechanism that proposes maximum 90 days for completion of resolution process In a move that would quicken the pace of insolvency resolution,
IBBI keen to up governance quotient of IPAs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/ibbi-keen-to-up-governance-quotient-of-ipas/article32587689.ece Seeks public comments on a discussion paper on governance issues in IPAs Insolvency regulator IBBI has proposed to introduce minimum qualifications, experience and
AGR dues case: SC leaves it for NCLT to examine questions around IBC matters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/agr-dues-case-sc-leaves-it-for-nclt-to-examine-questions-around-ibc-matters/article32505549.ece Wants the Tribunal to pass a reasoned order on the questions within two months The Supreme Court has left it to the National
IBBI proposes 2 steps to expedite corporate liquidation process – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/ibbi-proposes-2-steps-to-expedite-corporate-liquidation-process/article32474570.ece Liquidators may be allowed to assign ‘Not Readily Realisable Assets’ to third parties; creditors may get to transfer debt Corporate liquidation process may
FinMin directs banks to up the game on personal guarantors to corporate loans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/finmin-directs-banks-to-up-the-game-on-personal-guarantors-to-corporate-loans/article32459061.ece Tells them to install IT and monitoring systems to collate structured data KR Srivats/Shishir Sinha In a move to keep a keener eye on
IBBI bars an Insolvency Professional from rendering services for 3 months – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/ibbi-bars-an-insolvency-professional-from-rendering-services-for-3-months/article32444487.ece This member had contravened IBC by engaging an unregistered valuer Appointing an unregistered valuer got an insolvency professional (IP) Rajneesh Singhvi in trouble
CBI books Delhi-based firm, its directors – The Hindu
Clipped from: https://www.thehindu.com/news/national/cbi-books-delhi-based-firm-its-directors/article34185016.ece Case involves defrauding a bank of over ₹50 crore The Central Bureau of Investigation (CBI) has booked a Delhi-based company and others for
Market in distressed assets may be huge, but deal-making faces headwinds | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/market-in-distressed-assets-may-be-huge-but-deal-making-faces-headwinds-121032800715_1.html With the Supreme Court vacating the one-year breather on the filing of insolvency proceedings, it’s back to the grind on the bad-loans front
Statsguru: IBC mechanism ready to take up cases after a year-long hiatus | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/statsguru-ibc-mechanism-ready-to-take-up-cases-after-a-year-long-hiatus-121032800774_1.html As many as 1,942 cases are currently going on under the Code (as of September 2020) A summary analysis of about 280 resolutions
JSW Steel now eyes Neelachal Ispat Nigam – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/jsw-steel-now-eyes-neelachal-ispat-nigam/article34184868.ece Post acquisition of BPSL, steel giant hunts for small firms Even as it was transferring ₹19,350 crore for acquiring the stressed asset of
SEBI does its bit for startup ecosystem–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/sebi-does-its-bit-for-startup-ecosystem/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Capital markets regulator Sebi has made far-reaching changes
SC rules in favour of IL&FS in Gurgaon metro case – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/national/sc-rules-in-favour-of-ilfs-in-gurgaon-metro-case/article34175983.ece The Supreme Court has ruled in favour of IL&FS by asking Haryana Government to deposit ₹1,925 crore in an escrow amount in a
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