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
Category: IBC-SEBI
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
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
NCLT nod for Kamini Metalliks taking over VBC Industries – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/nclt-nod-for-kamini-metalliks-taking-over-vbc-industries/article33658271.ece As per the arrangement, Kamini Metalliks will pay ₹57 crore to the VBC lenders. The National Company Law Tribunal , Hyderabad has approved
PMC Bank revival: Phased deposit withdrawal likely for customers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/pmc-bank-revival-phased-deposit-withdrawal-likely-for-customers/article33656374.ece Potential investors include the Centrum Group-BharatPe combine and the UK-based Liberty Group Harried depositors of the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank
Wrong call, NCLT, to curb rating action–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/wrong-call-nclt-to-curb-rating-action/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The National Company Law Tribunal (NCLT) erred, when
SBI starts forensic audit on Srei financials – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sbi-starts-forensic-audit-on-srei-financials/article33651103.ece?homepage=true State Bank of India has initiated a forensic audit on Srei Equipment Finance Ltd’s financials for the previous five years amid weakening business
Select class of unlisted firms need to file results with RoC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/select-class-of-unlisted-firms-need-to-file-results-with-roc/article33651109.ece?homepage=true Move will enable early fraud detection, ensure statutory compliance The Centre has moved a step closer towards making certain unlisted companies prepare financial
DHFL bidding: CoC declares Piramal as successful bidder–business today
Clipped from: https://www.businesstoday.in/current/corporate/dhfl-bidding-coc-declares-piramal-as-successful-bidder/story/428838.html Billionaire Ajay Piramal’s Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL Piramal Capital and Housing Finance emerged as
HDIL diverted Rs 160 crore from PMC Bank to firm owned by Maharashtra MLA family: ED–business today
Clipped from: https://www.businesstoday.in/current/corporate/hdil-diverted-rs-160-crore-from-pmc-bank-to-firm-owned-by-maharashtra-mla-family-ed/story/428837.html ED claims that HDIL allegedly siphoned off Rs 160 crore to many companies belonging to Viva Group on garb of commission HDIL siphoned
The antitrust dilemma: CCI must come out with detailed penalty guidelines to reduce uncertainty – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-antitrust-dilemma-cci-must-come-out-with-detailed-penalty-guidelines-to-reduce-uncertainty/2176007/ Globally, the competition authorities, including the European Commission, the US, and the UK competition authorities, have issued penalty guidelines to ensure that the
Real estate cases under IBC make encouraging progress, 50% closed by Jul-Sep’20–business today
Clipped from: https://www.businesstoday.in/sectors/infra/real-estate-cases-under-ibc-make-encouraging-progress-50-closed-by-jul-sep-20/story/427319.html The enactment of the Insolvency and Bankruptcy Code in 2016, (IBC) along with RERA ushered in a new era of regulation for the
IL&FS addresses aggregate debt of Rs 32,000 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/ilfs-addresses-aggregate-debt-of-rs-32000-crore/articleshow/80403132.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The total debt of Rs 32,000 addressed comprises of Rs 21,600 crore of debt addressed basis cash balances and nearly Rs 10,300 crore
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