Category: IBC-SEBI

Clipped from: https://www.business-standard.com/article/opinion/back-the-ibc-121021501399_1.html A new mechanism will only kick the can down the road The government is reportedly considering lifting the suspension of the Insolvency and Bankruptcy

Clipped from: https://www.thehindubusinessline.com/news/national/ed-arrests-businessman-in-pmla-case-against-mumbai-realty-group/article33838768.ece?homepage=true The ED also claimed that “loans to the tune of ₹410 crore were diverted and not used for intended purposes” The Enforcement Directorate

Clipped from: https://www.business-standard.com/article/companies/ibc-set-to-resume-relief-for-key-worst-affected-sectors-on-the-cards-121021400962_1.html Top officials to meet this week to discuss the matter Apart from extending the suspension, some of the proposals are to have hybrid

Clipped from: https://www.financialexpress.com/industry/sme/msme-insolvency-only-debtors-may-get-to-start-bankruptcy-process/2194673/ Similarly, several procedural requirements on issues, such as claims of creditors, may be simplified to make the entire process less rigorous. This is

Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/nclat-asks-devas-multimedia-shareholder-to-approach-nclt/articleshow/80909493.cmsSynopsis On January 19, the Bengaluru bench of the National Company Law Tribunal (NCLT) had admitted the petition by Antrix Corporation, the commercial arm

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,

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

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

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

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,

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

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

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,