Category: IBC-SEBI

Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/pre-packaged-viable-route-to-insolvency/ The Insolvency and Bankruptcy Board’s proposal to allow companies to withdraw from the process of voluntary liquidation is pragmatic. It will facilitate revival.

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/adani-tops-dhfl-bid-says-its-bid-gives-maximum-to-lenders-rivals-want-it-out-of-race/articleshow/79446899.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis Adani Group, which had initially bid only for DHFL’s wholesale and Slum Rehabilitation Authority (SRA) portfolio, in the revised offer submitted on November

Clipped from: https://www.thehindubusinessline.com/money-and-banking/need-cautious-approach-in-further-ibc-suspension-extension-beyond-december-25-sbi-md/article32936473.ece IBC suspension beyond December 25 may give an impression that borrowers are fundamentally weak State Bank of India (SBI), the country’s largest commercial

Clipped from: https://www.thehindubusinessline.com/money-and-banking/dhfl-committee-of-creditors-to-discuss-four-offers-on-monday/article32940635.ece?homepage=true This will be the first CoC meeting after the bidding process ended on October 17 The Committee of Creditors (CoC) to the beleaguered

Clipped from: https://www.hindustantimes.com/business-news/key-debtors-vow-to-pay-but-banks-wary/story-NowHoWMmfNAJMXjZGoxODL.html The Dhoot family has offered to repay ₹30,000 crore to lenders and take 13 out of 15 companies that it formerly controlled out

Clipped from: https://indianexpress.com/article/business/nclat-discoms-cant-cancel-ppa-amid-corporate-insolvency-process-6825263/ The NCLAT agreed that the proposition that a power plant and its PPA “form one integrated economic asset” appeared to a rational one,

Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/potential-owners-of-jet-airways-are-looking-at-a-90-plus-stake-offer-remnants-to-lenders/articleshow/78794738.cmsSynopsis Neither public shareholders nor Jet’s employees, except those retained by the new owners, stand to gain anything out of the deal, experts said.

Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/jet-airways-20-many-challenges-on-the-horizon-still/article32894263.ece?homepage=true Jet Airways’ disastrous performance in FY2019 can be attributed to a sharp 14 per cent y-o-y jump in total expenses to ₹28,142 crore even

Clipped from: https://www.thehindubusinessline.com/companies/videocon-lenders-may-turn-down-dhoots-proposal-to-repay-debt/article32894794.ece?homepage=true Lenders to Videocon Industries are unlikely to accept a proposal by the company’s promoters to repay about ₹30,000 crore for taking back control of

Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclt-approves-jsw-steels-resolution-plan-for-asian-colour-coated-ispat-ltd/articleshow/78748365.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In the year 2018, ACCIL was part of the Reserve Bank of India’s second list of defaulters that banks were asked to take

Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-airways-consortium-approves-kalrock-murari-jalan-backed-resolution-plan-for-airline/articleshow/78717590.cms Anirban ChowdhuryEditor, The Economic TimesSynopsis The resolution professional in charge of Jet, Grant Thornton’s Ashish Chhawchharia, confirmed the same to ET. Jet stopped