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
Category: IBC-SEBI
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
PMLA case: Kochhars, Venugopal Dhoot told to appear in court on February 12 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/pmla-case-kochhars-venugopal-dhoot-told-to-appear-in-court-on-february-12/articleshow/80603915.cmsSynopsis Special PMLA Judge AA Nandgoankar took cognisance of the complaint filed by ED on Saturday and directed all the accused to remain present
NCLAT stays insolvency process of RP Infosystems | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/nclat-stays-insolvency-process-of-rp-infosystems-7161533/ In its judgment, the NCLAT said that since the insolvency petition moved by SBI in 2019, seven years after RP Infosystems’ accounts were
Insolvency and Bankruptcy Code: India still lagging on some key indicators of dispute resolution | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/economy/insolvency-and-bankruptcy-code-india-still-lagging-on-some-key-indicators-of-dispute-resolution-7167152/ The Economic Survey 2020-21 noted that the legal system was the single most important method of dispute resolution and that India was still
NCLAT turns down Neesa promoter’s insolvency plea | Ahmedabad News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/ahmedabad/nclat-turns-down-neesa-promoters-insolvency-plea/articleshow/80160937.cms AHMEDABAD: The National Company Law Appellate Tribunal has turned down the plea of bureaucrat-turned-businessman Sanjay Gupta, to allow bankruptcy proceedings to be initiated for Neesa Infrastructure
Criminal cases deter insolvency resolution professionals: Tribunal | Chennai News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/chennai/criminal-cases-deter-insolvency-resolution-professionals-tribunal/articleshow/80292753.cms Chennai: If every resolution professional (RP) is bombarded with criminal prosecution and police investigation, they won’t be able to conduct the insolvency process without fear, observed the National Company
New public holding rules for companies under insolvency – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/new-public-holding-rules-for-cos-under-insolvency/articleshow/79768427.cms NEW DELHI: In a first, the government on Wednesday decided to issue a National Security Directive for the telecommunication sector to mandate scrutiny
Insolvency resolution: The IBC story so far and the way forward – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-resolution-the-ibc-story-so-far-and-the-way-forward/articleshow/80399160.cmsSynopsis Jurisprudence of any legislation takes time to evolve and IBC was no exception. Devendra Mehta Insolvency Professional & Restructuring Advisor, Contributor Content Solution:
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
Insolvency and Bankruptcy Code: Insolvency and Bankruptcy Code resolution timeline averages 440 days – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-and-bankruptcy-code-resolution-timeline-averages-440-days/articleshow/80514065.cmsSynopsis An Alvarez & Marsal India report on Thursday called upon all IBC stakeholders to focus on improving efficiency to resolve cases in a
Insolvency: ‘Prior to admission’ delays dragging down efficiency of IBC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/insolvency-prior-to-admission-delays-dragging-down-efficiency-of-ibc/article33677072.ece Promise of time-bound resolution a distant dream for stakehokders, says Alvarez & Marsal India India would do well to focus on capacity building
Strong-arm tactics, no answer to loan default – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/strong-arm-tactics-no-answer-to-loan-default/article33678063.ece By imposing a hefty fine on an NBFC, the central bank is sending a message to lenders Many digital apps adopt the “first
IBC and the ‘de-stressing’ of India Inc – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ibc-and-the-de-stressing-of-india-inc/article33687283.ece Thanks to the bankruptcy code, distressed firms are able to better access short- and long-term debt funds The Covid-19 pandemic has been driving
Ease of Doing Business: Why is India still lagging behind in ease of doing business? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/why-is-india-still-lagging-behind-in-ease-of-doing-business/articleshow/80491863.cms Synopsis–Scores of compliances, land and labour challenges and tedious bureaucratic processes doesn’t quite tantamount to efficiency for businesses in India. A range of
IBC has changed debtor-creditor dynamics – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/ibc-has-changed-debtor-creditor-dynamics/articleshow/80592201.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The Insolvency and Bankruptcy Code has hence brought about significant behavioural changes among the creditors and debtors thereby redefining debtor-creditor relationship. Fear of
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