Clipped from: https://www.thehindubusinessline.com (Clockwise from top left: TT Srinivasa Raghavan, Managing Director, Sundaram Finance; JN Gupta, Managing Director, Stakeholders Empowerment Services; TV Mohandas Pai, Chairman, Manipal
Category: IBC-SEBI
Jet Airways saga: Four shortlisted entities sign non-disclosure agreement – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ Signing the NDA gives the potential bidders access to the data room, which houses info on the company’s assets, vendors, employees, liabilities Exactly
Sebi’s sensible move on promoter stake
Clipped from: https://economictimes.indiatimes.com It is welcome that capital markets regulator Securities and Exchange Board of India (Sebi) has eased fund-raising norms for listed companies, amidst the
I do not think firms will misuse ban on insolvency under IBC: Sahoo – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ Insolvency and Bankruptcy Board of India (IBBI) Chairman MS Sahoo – File photo: PTI Insolvency and Bankruptcy Board of India (IBBI) Chairman MS
Move to make cheque-bounce a compoundable offence isn’t right – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com If the intention is to reduce the piling up of cases in court, a better way would be to restrict the usage of
Supreme Court: Consider interest waiver during moratorium – The Financial Express
Clipped from: https://www.financialexpress.com Earlier, the RBI had also informed the SC that any “forced” interest waiver on loan moratorium will risk financial viability and hurt banks
In relief to BSR and Deloitte, Supreme Court refuses to stay Bombay HC judgment – The Financial Express
Clipped from: https://www.financialexpress.com While seeking response from the two auditing firms, the top court clarified, “this order shall not affect any orders granting or refusing bail
CoC has absolute power regarding selection of IRP, RP: NCLT–Financial Express
Clipped from: https://www.financialexpress.com Khandelwal had challenged the decision of the CoC rejecting his appointment as RP in the matter. KSK Mahanadi Power’s CoC voted 89.6% in
All you wanted to know about ‘force majeure’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com If you are homebuyer who invested in a building project ahead of the pandemic or a policyholder who has signed up for life
Reliance Industries’ partly paid share price more than doubles on debut | Business Standard News
Clipped from: https://www.business-standard.com Close at Rs 698 against the issue price of Rs 314.25 and 73% premium to intrinsic value Reliance Industries’ partly paid (RIL PP)
Don’t entirely decriminalise cheque bounce offences, AIBEA tells Finance Ministry – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com ‘Set limits beyond which such offences should attract criminal prosecution’ The All-India Bank Employees Association (AIBEA) has suggested threshold limits be fixed for
No bar on invoking insolvency against personal guarantors: IBBI chairman – The Financial Express
Clipped from: https://www.financialexpress.com SBI recently took Anil Ambani to the Mumbai bench of the National Company Law Tribunal (NCLT) for personal guarantee given on loans worth
NCLT allows Jet Airways to sell office in Bandra Kurla Complex – The Hindu BusinessLine
The NCLT has allowed Jet Airways to sell its premises in Bandra Kurla Complex (BKC) to settle Rs 360 crore dues of mortgage lender HDFC,
IBC a game changer for financial institutions: Gopal Subramanium – The Economic Times
Clipped from: https://economictimes.indiatimes.com Subramanium was talking at a webinar titled- “COVID 19: Constitutional and Legal Conundrums”, which was organised by Bennett University’s School of Law on
IBC: Government’s Covid-19 insolvency relief may be a double-edged sword – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ The directives of the Central Government to tide over these trying times are laudable. However, many of these changes are myopic and will
Suspension of bankruptcy filings hits credit market – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ Since India announced last month that it would temporarily suspend its insolvency law amid the pandemic, credit investors have grown concerned that some
Gitanjali Gems: IBBI slaps penalty on resolution professional – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Disciplinary Committee concludes Duff & Phelps engagement “illegal” Insolvency regulator IBBI has slapped a penalty on Vijay Kumar Garg, an insolvency professional, for
SC wants FinMin, RBI to meet in 3 days to decide on waiver of interest charged during moratorium – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com The Supreme Court, on Friday, asked the Finance Ministry and the Reserve Bank of India to hold a meeting within three days to
Bounced cheques: Decriminalising offences a good idea, but needs to be thought carefully – The Financial Express
Clipped from: https://www.financialexpress.com Making a bounced cheque a civil offence will, once again, clog the courts and make recoveries difficult Under normal circumstances, decriminalising offences is
NCLAT judgment: CCI can’t be made hostage to locus standi – The Financial Express
Clipped from: https://www.financialexpress.com NCLAT’s recent judgment effectively debarring whistleblowers/informants from flagging competition violations is against the fundamentals of the Competition Act By Vinod DhallRecently, the National
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