Clipped from: https://www.financialexpress.com/industry/normalcy-restored-for-resolution-of-stress-under-ibc-sahoo/2220239/ IBBI Chairperson M S Sahoo on Thursday said “normalcy” has been restored with respect to resolution of stress under the insolvency law, with
Category: IBC-SEBI
Is Ease of Doing Business ranking over-rated? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/is-ease-of-doing-business-ranking-over-rated/article34162842.ece A top rank without infrastructure, connectivity, skilled manpower and lower cost of production is of no use to the investor In recent years,
SEBI eases listing norms to help start-ups attract big investors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/sebi-eases-norms-to-encourage-listing-of-start-ups/article34161073.ece?homepage=true Revamps open-offer provisions, tweaks rules to make de-listing more transparent SEBI on Thursday announced a slew of measures including making it easier for
Welcome back, IBC | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/welcome-back-ibc-121032501441_1.html Govt should now focus on strengthening the NCLT The government has done well not to extend the Insolvency and Bankruptcy Code (IBC) suspension, which ended
ArcelorMittal makes the cut, emerges as sole bidder for Uttam Galva Steels | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/arcelormittal-makes-the-cut-emerges-as-sole-bidder-for-uttam-galva-steels-121032201133_1.html Six other firms, including four steelmakers, had submitted an expression of interest (EOI) for the debt-laden firm ArcelorMittal had entered into a co-promotion
Bombay HC asks for valuation of Karvy accounts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bombay-hc-asks-for-valuation-of-karvy-accounts/articleshow/81680532.cms Synopsis–IIFL Securities had won the bid to acquire the 11 lakh demat accounts held by Karvy. Axis Securities emerged as the successful bidder
Banks may seek review of SC order; yet to get ex gratia from first round – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-may-seek-review-of-sc-order-yet-to-get-ex-gratia-from-first-round/2219739/ Lenders themselves have paid the ex gratia amounts to their respective borrowers, and the last date for doing so was November 5, 2020.
Between Supreme Court & govt, banks lose freedom – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/between-supreme-court-govt-banks-lose-freedom/2219575/ SC did well to allow banks to declare loans as NPAs, but not allowing them to charge penal interest was a bad idea
Supreme Court rejects NBCC’s resolution plan for JIL – The Financial Express
Clipped from: https://www.financialexpress.com/industry/further-delay-supreme-court-rejects-nbccs-resolution-plan-for-jil/2219538/ Asks RP to invite fresh bids & complete insolvency process within 45 days The Supreme Court had in August last year transferred to
SEBI seeks ‘discretion’ in prosecutions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-seeks-discretion-in-prosecutions/article34153531.ece Watchdog wants the law amended as it faces charges of inconsistency Market regulator SEBI will be seeking ‘discretionary powers’ with regard to the
Amendments to the Finance Bill 2021 plug tax loophole in slump sale | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/amendments-to-the-finance-bill-2021-plug-tax-loophole-in-slump-sale-121032500064_1.html Amendments to the finance Bill, 2021, say that fair market value (FMV) will be taken as consideration of the sale Finance Minister Nirmala
IBC — back to the future – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ibc-back-to-the-future/article34153104.ece Insolvency activity could get more hectic than before the pandemic on account of the Covid-induced financial stress To mitigate the impact of the
Jet Airways bid winners seek nod to discuss restoration of airport slotsThe Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/jet-airways-bid-winners-seek-nod-to-discuss-restoration-of-airport-slots/article34153690.ece NCLT Bench seeks Ministry’s response Jet Airways’ winning bidder, a consortium consisting of Murari Lal Jalan and Kalrock Capital, on Wednesday sought the
IBC will be back in full force from March 25 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/ibc-will-be-back-in-full-force-from-today/article34153863.ece?homepage=true Bankruptcy filings can resume; govt working on ‘pre-pack’ resolutions to clear backlog, new cases With the economy returning to normalcy, the Centre has,
India likely to resume new bankruptcy filings after halt expires – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/india-likely-to-resume-new-bankruptcy-filings-after-halt-expires/articleshow/81666857.cmsSynopsis PM Modi’s government last year halted the process of initiating most fresh insolvency proceedings to insulate cash-strapped borrowers hit by the pandemic for
DHFL directors availed thousands of crores through fake loan accounts under PMAY: CBI–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/dhfl-directors-availed-thousands-of-crores-through-fake-loan-accounts-under-pmjay-cbi/story/434782.html The CBI has registered a case against crisis-hit Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan, who are already in jail
Notice-pay received from outgoing employee is subject to GST, holds AAR – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/notice-pay-received-from-outgoing-employee-is-subject-to-gst-holds-aar/articleshow/80281821.cms MUMBAI: Contracts with employees provide for furnishing a notice period, which typically ranges between one to three months.Many companies permit an employee to
IBC — back to the future – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ibc-back-to-the-future/article34153104.ece?homepage=true Insolvency activity could get more hectic than before the pandemic on account of the Covid-induced financial stress To mitigate the impact of the
Any creditor of firm in liquidation can seek transfer of winding up plea from HC to NCLT: SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/any-creditor-of-firm-in-liquidation-can-seek-transfer-of-winding-up-plea-from-hc-to-nclt-sc/articleshow/79307771.cmsSynopsis A bench headed by Chief Justice S A Bobde and justices A S Bopanna and V Ramasubramanian was faced with two legal questions
IBC activity likely to see gradual rise after resumption, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/ibc-activity-likely-to-see-gradual-rise-after-resumption-say-experts-121032301580_1.html The CIRP, which was suspended in light of the Covid-related stress, covers a one-year period ending March 24, 2021 Experts are of the
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