Insolvency regulator IBBI has come out with a “Handbook on Ethics” for Insolvency Professionals to stimulate the highest standards of ethics and professionalism. This handbook
Category: IBC-SEBI
MCA permits remuneration to independent directors in case of loss made by companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mca-permits-remuneration-to-independent-directors-in-case-of-loss-made-by-companies/articleshow/81588634.cmsSynopsis Amending schedule V of the Act, the MCA also prescribed limits on such remuneration based on the effective capital of the firm, which
Resolution of bad loans may face logjam if IBC not streamlined: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/resolution-of-bad-loans-may-face-logjam-if-ibc-not-streamlined-experts-121031400919_1.html Few will go on record explicitly, but there is the fear that there will be a logjam ahead on the IBC front. In
No back-door pact for defaulting promoters: What the Supreme Court ruling means | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/insolvency-bankruptcy-code-supreme-court-7231759/ The clarification by the Supreme Court with respect to participation of promoters in liquidation process of an insolvent company will speed up the
SC right to protect IBC | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/sc-right-to-protect-ibc-121031601299_1.html Back door for promoters to retain control closed The Supreme Court, in deciding a case dealing with the promoters of Gujarat NRE Coke,
IBBI tightens reporting framework to monitor delays – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/ibbi-tightens-reporting-framework-to-monitor-delays/article34084867.ece IBBI has been taking steps to ensure that CIRPs get completed within deadlines IBBI has been taking steps to ensure that CIRPs get
SC right to protect IBC | Business Standard Editorials
lipped from: https://www.business-standard.com/article/opinion/sc-right-to-protect-ibc-121031601299_1.html Back door for promoters to retain control closed The Supreme Court, in deciding a case dealing with the promoters of Gujarat NRE Coke,
No in through the out door with IBC–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/no-in-through-the-out-door-with-ibc/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The Supreme Court’s ruling to bar defaulting promoters
DHFL: How money moved in circles in DHFL insurance deals – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/money-moved-in-circles-in-dhfl-insolvency-case/articleshow/81503546.cms SynopsisThe link between TDH and DHFL’s insurance business follows a complex trail of transactions that show that DHFL had funded entities that in
Supreme Court shuts back-door arrangement for defaulting promoters | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/supreme-court-shuts-back-door-arrangement-for-defaulting-promoters-121031600048_1.html The SC order barred promoters of Gujarat NRE Coke, a defaulting company, from proposing a revival plan in the event of liquidation under
‘For some companies, compliance is an unavoidable nuisance’ – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/specials/corporate-file/for-some-companies-compliance-is-an-unavoidable-nuisance/article34066435.ece Former SEBI chief M Damodaran on how only a few companies view compliance as an investment Be it the unearthing of the NSDL
Exempt independent directors from vicarious criminal liability: CII – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/exempt-independent-directorsfrom-vicarious-criminal-liability-cii/article34066952.ece?homepage=true Confederation of Indian Industry (CII) has called for legislative amendment to company law to expressly exempt independent directors from vicarious criminal liability as
Making directors truly independent – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/making-directors-truly-independent/article34067984.ece While SEBI’s proposals are in the right direction, giving minority shareholders a greater say in appointments can cut both ways Sometime back, a
Boardroom blues – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/reinforcing-the-role-of-independent-directors-shouldnt-raise-compliance-burden-on-companies/article33990753.ece Reinforcing the role of independent directors shouldn’t raise compliance burden on companies To prevent family-owned listed companies from short-changing minority shareholders, our regulators
Govt plans prepack insolvency process for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/govt-plans-prepack-insolvency-process-for-msmes/article34060850.ece Existing promoters may get to bid for their own entity The government plans to come up with a new pre-packed insolvency process for
Bhushan Power lenders accept JSW Steel plan, look to close deal by March 31 | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/lenders-with-majority-vote-for-closing-bhushan-power-deal-with-jsw-steel-121030500653_1.html 25 financial creditors would be realising 41% from the Rs 19,350 cr deal on claims of Rs 47,158 cr JSW Steel has a
Resolve fast, do not postpone IBC–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/resolve-fast-do-not-postpone-ibc/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The government should restart the Insolvency and Bankruptcy
Finance ministry asks Sebi to withdraw new rule on AT1 bonds – The Economic Times
Clipped from: https://economictimes.indiatimes.com/mf/mf-news/finance-ministry-asks-sebi-to-withdraw-new-rule-on-at1-bonds/articleshow/81463006.cmsSynopsis Department of Financial Services noted that the recent Sebi order can cause volatility in NAVs of debt funds. In a big development, finance ministry has
SC restores NCLT ruling in favour of Dharamshi-Jhunjhunwala consortium in Ricoh India case – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/sc-restores-nclt-ruling-in-favour-of-dharamshi-jhunjhunwala-consortium-in-ricoh-india-case/articleshow/81465274.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The consortium had challenged the ruling of the National Company Law Appellate Tribunal (NCLAT) in the Apex Court that had set aside the
Essar Power MP: Adani Power makes Rs 2,600-crore offer for Essar Power MP under IBC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/power/adani-power-makes-2600-cr-offer-for-essar-power-mp-under-ibc/articleshow/81384207.cmsSynopsis A lender group is negotiating with Adani to sweeten the terms of the deal. The group wants at least Rs 400 crore more,
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