Clipped from: https://www.business-standard.com/article/opinion/trademark-row-to-financial-creditor-under-ibc-here-re-key-court-orders-121021201902_1.html A selection of key court orders SC interprets term ‘financial creditor’ Interpreting the definition of “financial creditor” in the Insolvency and Bankruptcy Code,
Category: IBC-SEBI
NCLT raps Amazon in Future case: Don’t be a ‘perpetual objector’ | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclt-raps-amazon-in-future-case-don-t-be-a-perpetual-objector-121021300073_1.html Says it has no locus standi in Future’s plea to hold shareholder meeting; reserves order The Mumbai Bench of the NCLT asked both
What are pro forma NPAs and how does that impact borrowers? | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/decoded-what-are-pro-forma-npas-and-how-does-that-impact-borrowers-121021201934_1.html An analysis of results declared by listed banks so far shows that the NPA figures shown in the bank income statements are lower
Need to do more: Bid to resolve Rs 5-lakh crore pain point for MSMEs sees tardy progress – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/need-to-do-more-bid-to-resolve-rs-5-lakh-crore-pain-point-for-msmes-sees-tardy-progress/articleshow/80824807.cms Synopsis–Costs for MSMEs to do business is rising in all sorts of ways. Unpaid dues are central to their woes. For the financially
Rebooting Economy 66: Is India facing credit deprivation to warrant corporation banks?–business today
Clipped from: https://www.businesstoday.in/opinion/columns/rebooting-economy66-is-india-facing-credit-deprivation-to-warrant-corporation-banks/story/430868.html RBI’s database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses
IBC: Avoid intricacies, raise awareness to check liquidations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibc-avoid-intricacies-raise-awareness-to-check-liquidations/article33802383.ece Brace for surge in filings once freeze lifts, says expert The Centre must brace for a surge in fresh corporate bankruptcy filings after
Pre-pack scheme for insolvency banks on fair debtor-creditor ties | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/pre-pack-scheme-for-insolvency-banks-on-fair-debtor-creditor-ties-121021000051_1.html The journey of a pre-pack starts with an informal understanding, engages stakeholders, and ends with a judicial blessing of the outcome The pre-packaged
Bad bank to deepen IBC use; special insolvency framework for MSMEs in the works: IBBI chairman Sahoo – The Financial Express
Clipped from: https://www.financialexpress.com/industry/bad-bank-to-deepen-ibc-use-special-insolvency-framework-for-msmes-in-the-works-ibbi-chairman-sahoo/2191058/ MS Sahoo, the chief of the insolvency regulator IBBI, explains why the Budget proposals for a special insolvency framework for MSMEs as well
CCI launches probe against steel companies over alleged price cartelisation
Clipped from: https://www.businesstoday.in/current/economy-politics/cci-launches-probe-against-steel-companies-over-alleged-price-cartelisation/story/430747.html There has been a sharp rise in steel prices since June and there have been complaints from various quarters against this. JSW Steel,
Rebooting Economy 65: IBC has failed; will a bad bank succeed?–business today
Clipped from: https://www.businesstoday.in/opinion/columns/rebooting-economy-65-ibc-has-failed-will-a-bad-bank-succeed/story/430537.html At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also
The Insolvency and Bankruptcy Code allows the market to make the most efficient choice–MS SAHOO WRITES: –indian express
Clipped from: https://indianexpress.com/article/opinion/columns/insolvency-and-bankruptcy-code-corporate-debt-resolution-process-7178980/ Liquidation or rescue is an outcome of the market forces; the law is only an enabler giving choices and nudging a company towards
SC has made noteworthy pronouncements on the Insolvency Code – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/sc-has-made-noteworthy-pronouncements-on-the-insolvency-code/article33775414.ece These go to strengthen the Code, which an important measure, meant to prevent insolvency by reviving ailing businesses. The Code however, is not
Over 21,250 cases pending before NCLT at end of December 2020 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/over-21250-cases-pending-before-nclt-at-end-of-december-2020/articleshow/80754041.cmsSynopsis In a written reply to Lok Sabha, Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said that during the lockdown, adequate measures
CIRP attractive – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/cirp-attractive/article33322063.ece Creditors are realising on average nearly 200 per cent of liquidation value through resolution plans under CIRP, as the company continues with business,
Tightening the screws on guarantors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/tightening-the-screws-on-guarantors/article33545101.ece Can insolvency proceedings be initiated simultaneously against both the borrower and the corporate guarantor? The Supreme Court, while reiterating the co-extensive liability of
Tweaking IBC for cross-border cases – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/tweaking-ibc-for-cross-border-cases/article33545085.ece The Insolvency and Bankruptcy Code 2016 has been beefed up to suit current needs but issues still remain Overhauling the insolvency and bankruptcy
Without Reliance deal, future uncertain for Kishore Biyani’s firms | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/without-reliance-deal-future-uncertain-for-kishore-biyani-s-firms-121020501995_1.html This week, the Delhi High Court directed Biyani’s flagship company to maintain the status quo on its Rs 24,713-crore deal to sell his
IBC mechanism needs structural changes to expedite faster resolution of companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/only-structural-changes-in-ibc-mechanism-can-help-to-expedite-the-faster-resolution-of-companies/articleshow/80478370.cmsSynopsis The structural reforms needed are an increase in the number of benches, outsourcing of administration function to a specialized agency, clarity on the
M&A costs to go up after Budget 2021 axes tax depreciation on goodwill | Business Standard News
Clipped from: https://www.business-standard.com/budget/article/m-a-costs-to-go-up-after-budget-2021-axes-tax-depreciation-on-goodwill-121020300252_1.html The amendments on goodwill are retrospective as depreciation on any past goodwill, partly claimed in the past, would not be available going forward
Leprosy Foundation moves plea against DHFL in Delhi HC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/leprosy-foundation-moves-plea-against-dhfl-in-delhi-hc/article33710013.ece?homepage=true The foundation has more than ₹10 crore, which is now stuck with DHFL and as per the proposed resolution plan, it would get
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