Category: IBC-SEBI

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/ksk-mahanadis-insolvency-in-limbo-as-4-bidders-back-out/articleshow/80158983.cmsSynopsis The four bidders were among seven applicants that had expressed interest in acquiring the power company that owns a 3,600 MW thermal power

Clipped from: https://www.thehindubusinessline.com/business-laws/tweaking-ibc-for-cross-border-cases/article33545085.ece?homepage=true The Insolvency and Bankruptcy Code 2016 has been beefed up to suit current needs but issues still remain Overhauling the insolvency and bankruptcy

Clipped from: https://www.businesstoday.in/current/economy-politics/govt-may-roll-out-pre-pack-scheme-as-ibc-remains-suspended/story/427433.html Though resolution professional will be appointed, he will only be responsible for smooth running of the pre-pack process, which is supposed to be

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

Clipped from: https://www.businesstoday.in/current/corporate/fresh-ibc-suspension-due-to-covid-19-may-put-brakes-on-stressed-asset-resolution/story/426612.html To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting

Clipped from: https://www.financialexpress.com/market/dhfl-auction-sebi-wants-to-know-how-oaktree-made-credit-rating-claims-of-future-debt-instrument/2167219/ Since the conclusion of the fifth round of the bidding last month, Oaktree and Piramal Enterprises are claiming that their bid is highest

Clipped from: https://www.thehindubusinessline.com/companies/videocons-lenders-give-nod-to-vedantas-3000-crore-offer/article33503769.ece At less than 10% of group’s ₹46,000-cr debt, creditors to take big haircut Lenders will have to take a massive haircut as they have

Clipped from: https://www.financialexpress.com/industry/banking-finance/oaktree-provides-unconditional-implementable-plan-for-dhfl-resolution/2166510/ US-based Oaktree Capital has said its revised bid for the debt-ridden DHFL is unconditional and comes with a commitment of fresh capital infusion

Clipped from: https://economictimes.indiatimes.com/news/economy/finance/dhfl-lenders-likely-to-factor-in-a-lot-more-than-a-highest-bid/articleshow/80144697.cmsSynopsis With voting underway on three plans submitted by the Piramal Group, Adani Group and buyout fund Oaktree Capital in the hotly contested bankruptcy

Clipped from: https://www.business-standard.com/article/companies/prepack-insolvency-resolution-swiss-challenge-options-ibc-tweaks-on-cards-121010600063_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The prepack is to start with a base resolution plan (BRP), which will face a Swiss Challenge; and this should come from the

Clipped from: https://www.thehindubusinessline.com/economy/insolvency-professionals-asked-to-maintain-certain-records-in-electronic-form-for-8-years/article33503050.ece?homepage=true IBBI circular lays down roles and responsibilities of IPs for safekeeping of records Insolvency regulator IBBI has now directed insolvency professionals to preserve