Clipped from: https://indianexpress.com After the lockdown is over, several companies are likely to default on their dues to both operational and financial creditors. The latter include
Category: IBC-SEBI
Govt. suspends insolvency proceedings – The Hindu
Clipped from: https://www.thehindu.com Fresh proceedings will not be initiated for at least six months starting from March 25 amid the COVID-19 pandemic The government on Friday
Corporate insolvency suspension ordinance promulgated – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com No insolvency initiation for debt defaults arising on or after March 25 The much-awaited ordinance suspending initiation of Corporate Insolvency Resolution Process (CIRP)
Saving viable cos more important than liquidating unviable ones: IBBI chief | Business Standard News
Clipped from: https://www.business-standard.com/ MS Sahoo backed the decision to bring in the IBC amendment ordinance to suspend triggering of corporate insolvency resolutions against cos for any
NCLT needs clear set of protocols to flatten bankruptcy curve, say experts | Business Standard News
Clipped from: https://www.business-standard.com Debt restructuring schemes under company law, and introduction of Code-based pre-packs are worth exploring, say experts Experts say there is no outer date
COVID-19: Govt amends insolvency law; suspends initiation of fresh proceedings for six months | Deccan Herald
Clipped from: https://www.deccanherald.com Seeking to provide relief for corporates, the government on Friday promulgated an ordinance to amend the Insolvency and Bankruptcy Code (IBC) whereby fresh
Bank Loan: Banks reassess loans, home buyers in soup | India Business News – Times of India
Clipped from: https://timesofindia.indiatimes.com MUMBAI: In the season of salary cuts and job losses, builders and people who booked flats in their projects now have to deal
‘Likely blanket suspension of fresh cases under IBC may kill any chances of viable restructuring of assets’ – The Financial Express
Clipped from: https://www.financialexpress.com/ While other jurisdictions have also adopted the accommodative stance, they have been varying and have drawn a redline for defaults that may have
IBC suspension leaves door open for fraud: Experts – The Economic Times
Clipped from: https://economictimes.indiatimes.com As per the ordinance issued on Friday, proceedings under the Insolvency and Bankruptcy Code can never ‘ever’ be filed for defaults occurring during
Auditor may not have raised red flags at IL&FS behest: forensic report | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/companies/auditor-may-not-have-raised-red-flags-at-ilfs-behest-forensic-report-6447866/ According to the Grant Thornton forensic audit report, SRBC & Co LLC had earlier taken a decision to make such qualifications in its
Why the IBC ordinance to suspend insolvency pleas for six months, spells trouble – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Exempting Covid related defaults from insolvency under IBC permanently, can lead to unwarranted consequences For corporates caught in the Covid led crisis, the
The biggest reform, or a farce in 3 Acts? | Business Standard Column
Clipped from: https://www.business-standard.com India has one of the world’s largest arable landmasses, focused sunshine, and water in 40% of land, and so, if the three laws
Risks of becoming a loan guarantor and what to do in case of loan repayment default – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ Loan defaults are bad news for people who have stood as guarantors to loans taken by friends and relatives. Most people know that
Complete IBC suspension for defaults may hurt creditors – The Economic Times
Clipped from: https://economictimes.indiatimes.com The ordinance passed by the government on Friday said that “no application shall ever be filed” for insolvency proceedings on default on or
Fear of flattening the business curve – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ To deal with Covid fallout, the Ordinance amended IBC, & suspended the law for six months, starting June 5. The Ordinance amending the Insolvency and Bankruptcy Code
Why the IBC ordinance to suspend insolvency pleas for six months, spells trouble – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Exempting Covid related defaults from insolvency under IBC permanently, can lead to unwarranted consequences For corporates caught in the Covid led crisis, the
Suspension of IBC: Spotlight now on schemes under the Companies Act | Business Standard News
Clipped from: https://www.business-standard.com/ In view of the suspension of the IBC, the government must create an alternative framework. It is the need of the hour A
Ordinances on inter-state farm trade, contract farming out of judicial process – The Financial Express
Clipped from: https://www.financialexpress.com Contract farming could also help the government’s crop diversification programme since farmers will be assured of sales and prices. The changes to the
Companies using Covid-19 adjustments to shore up numbers – The Economic Times
Clipped from: https://economictimes.indiatimes.com Many companies are looking to deduct costs they incurred due to Covid and the lockdown. MUMBAI: “Exceptional items” attributed to Covid-19 crisis are increasingly becoming
President approves ordinance to suspend IBC, offer 6-month relief to firms | Business Standard News
Clipped from: https://www.business-standard.com/ Reprieve can be extended up to a year via govt notification; default committed before March 25 not to enjoy benefit The ordinance said
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