Clipped from: https://www.business-standard.com/article/opinion/pre-pack-problems-121040501240_1.html MSME Ordinance violates basic principle of IBC The government has decided that a “pre-packaged” resolution process for micro, small, and medium enterprises (MSMEs)
Category: IBC-SEBI
Govt brings ordinance to introduce pre-packaged debt resolution for MSMEs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-amends-insolvency-law-introduces-pre-packaged-resolution-for-msmes-121040500380_1.html The latest move comes less than two weeks after the suspension of certain IBC provisions ended The government has amended the insolvency law
IBC prevails over SARFAESI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/ibc-prevails-over-sarfaesi/article34239316.ece The IBC is intended to put the debtor back on its feet, not merely to enable recovery of the dues by the creditors.
Now, a pre-packaged insolvency process for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/now-in-india-a-pre-packaged-insolvency-process-for-msmes/article34242211.ece?homepage=true Centre issues ordinance to introduce pre-packaged insolvency for corporates classified as MSMEs The Centre has used the Ordinance route to introduce pre-packaged insolvency
Decade on, wait for a roof still far cry for Jaypee Infratech homebuyers | Business Standard News
lipped from: https://www.business-standard.com/article/pf/decade-on-wait-for-a-roof-still-far-cry-for-jaypee-infratech-homebuyers-121040400958_1.html Apex court has sent case back to lenders, allowing previous two bidders to furnish revised plan According to a report by the Interim
Insolvency scheme: Govt, regulator finalising pre-pack framework, MSME scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-scheme-govt-regulator-finalising-pre-pack-framework-msme-scheme/2226793/ The government and the regulator are in the process of finalising a so-called pre-pack insolvency scheme, while a special framework for micro, small
Govt, regulator finalising pre-pack framework, MSME scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-scheme-govt-regulator-finalising-pre-pack-framework-msme-scheme/2226793/ The government and the regulator are in the process of finalising a so-called pre-pack insolvency scheme, while a special framework for micro, small
The limits of “As-Is Where-Is” in SARFAESI auctions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/the-limits-of-as-is-where-is-in-sarfaesi-auctions/article34124619.ece The SARFAESI Act of 2002 empowers a secured creditor—usually, a bank—to sell the pledged immovable property and recover his dues. Such sales are
Jaypee homebuyers request PM Narendra Modi to intervene – The Economic Times
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
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
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