Clipped from: https://economictimes.indiatimes.com/news/economy/policy/ibc-extension-set-to-increase-complications-in-the-financial-statements-of-companies/articleshow/79925646.cms Synopsis–For the lenders, the financial statements will have to reflect and even take a judgment on the financial health of companies they have
Category: IBC-SEBI
Delaying the inevitable: The Hindu Editorial on suspension of insolvency proceedings – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/delaying-the-inevitable-the-hindu-editorial-on-suspension-of-insolvency-proceedings/article33397154.ece Restructuring of bad loans will get tardier as the bankruptcy code is kept in abeyance The government has kicked the can down the
IBC suspension extended till March 2021 – The Hindu
Clipped from: https://www.thehindu.com/news/national/ibc-suspension-extended-till-march-2021/article33387578.ece The government has decided to extend the suspension of the Insolvency and Bankruptcy Code (IBC) till March 31, 2021, to help businesses cope
DHFL bidder selection: Oaktree Capital asks lenders for fair treatment | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/dhfl-bidder-selection-oaktree-capital-asks-lenders-for-fair-treatment-120122300051_1.html Oaktree and Piramal Group are engaged in neck and neck competition to get control of the mortgage lender, for which the selection process
Wrong call on IBC | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/wrong-call-on-ibc-120122101257_1.html Govt should not have extended suspension of bankruptcy work The Insolvency and Bankruptcy Code (IBC) is one of the major reforms of the National Democratic
IBC suspension likely to be extended by 3 more months amid Covid crisis – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/ibc-suspension-likely-to-be-extended-by-3-more-months-amid-covid-crisis/articleshow/79831823.cms Synopsis–Policymakers are of the view that a further extension is required as the economy is yet to emerge from contraction and businesses need
Insolvency and bankruptcy code (IBC) suspension extended till March 31 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-and-bankruptcy-code-ibc-suspension-extended-till-march-31/articleshow/79843895.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The government had suspended fresh proceedings under IBC for loan defaults on or after March 25, for six months, as part of measures
Bids for DHFL still under evaluation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/bids-for-dhfl-still-under-evaluation/article33367587.ece The Committee of Creditors (CoC) for the troubled Dewan Housing Finance Corporation Ltd (DHFL) on Friday evaluated the bids by Oaktree Capital, Piramal
Fret not overmuch over IBC liquidation–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/fret-not-overmuch-over-ibc-liquidation/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Should we worry that the working of the
India likely to witness sharp rise in insolvencies in the coming days: MS Sahoo – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/india-to-witness-sharp-rise-in-insolvencies-in-the-coming-days-ms-sahoo/articleshow/79796227.cmsSynopsis “The 2008 financial crisis had witnessed a sharp increase in corporate and personal insolvencies all over the world and that is an indication
Piramal group plans to merge its financial services business with DHFL | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/piramal-group-plans-to-merge-its-financial-services-business-with-dhfl-120121601474_1.html The plan depends on DHFL’s committee of creditors (CoC) accepting the offer over its rival Oaktree’s. The Piramal group is planning to merge its financial
DHFL: Oaktree Capital, Piramal Enterprise trump Adani Properties with new DHFL bids – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/oaktree-piramal-trump-adani-with-new-dhfl-bids/articleshow/79730420.cmsSynopsis Multiple people involved in the discussions said that Oaktree’s ₹36,646-crore offer has the quickest repayment timelines and a higher overall recovery but the
Tough call for DHFL lenders as Oaktree just manages to outbid Piramal | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tough-call-for-dhfl-lenders-as-oaktree-just-manages-to-outbid-piramal-120121401069_1.html Adani does not make aggressive bid in fourth round; all offers have several conditions and banks will have to take a call by
Kapil Wadhawan submits proposal to repay DHFL creditors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/kapil-wadhawan-submits-proposal-to-repay-dhfl-creditors/articleshow/79723430.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The proposal envisages complete repayment to all creditors within a period of 7-8 years, with upfront cash payment of Rs 9000 crores. This
Eight shell firms, a Pali Hill house on rent: whistle-blower claims UPL promoters siphoned off money – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/eight-shell-firms-a-pali-hill-house-on-rent-whistle-blower-claims-upl-promoters-siphoned-off-money/primearticleshow/79650123.cms SynopsisThe whistle-blower claims that UPL entered into rent deals with a shell company and paid crores. The whistle-blower also alleges that shell firms
NCLAT stays order directing ArcelorMittal to pay Rs 1,300 crore to Odisha Slurry Pipeline Infrastructure – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/nclat-stays-order-directing-arcelormittal-to-pay-rs-1300-crore-to-odisha-slurry-pipeline-infrastructure/articleshow/79594891.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “As an ad-interim the operation of the impugned order as regards making of payment by the Appellant (ArcelorMittal India) to ‘OSPIL’ by 15th
NCLT Mumbai approves RIL arm’s resolution plan for Reliance Infratel | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclt-mumbai-approves-ril-arm-s-resolution-plan-for-reliance-infratel-120120401508_1.html Reliance Communications” telecom infrastructure arm Reliance Infratel has around 43,000 towers and 1,72,000 route kilometres of fiber The National Company Law Tribunal (NCLT)
Insolvency case: NCLT allows plea for private sale of ABG Shipyard assets
Clipped from: https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/insolvency-case-nclt-allows-plea-for-private-sale-of-abg-shipyard-assets/articleshow/79566260.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The ruling by the dedicated bankruptcy court is expected to set a precedent in cases where the company is already admitted for liquidation
IBBI bares regulatory teeth against 2 IPs for misconduct – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibbi-bares-regulatory-teeth-against-2-ips-for-misconduct/article33233791.ece Both can’t take fresh assignments till exonerated of charges In separate cases, insolvency regulator IBBI’ s Disciplinary Committee has come down heavily on
NCLT to hear Jet Airways resolution plan on Dec 11 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/nclt-to-hear-jet-airs-resolution-plan-on-dec-11/article33233933.ece 99.22% votes favour Kalrock-Jalan plan, RP informs court Earlier, it was said that the resolution plan would be heard on December 3; however,
aniltikotekar4sme.com 