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
Category: IBC-SEBI
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
Supreme Court questions RBI on order of levying interest on loans during moratorium | Deccan Herald
Clipped from: https://www.deccanherald.com/ SC seeks joint response from Finance Ministry and RBI Supreme Court. Picture Credit: PTI File Photo The Supreme Court on Thursday(June 4) questioned the
There’s an element of subjectivity in banking audits – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com This process may be subjected to artificial intelligence-led technique. Meanwhile, auditors tend to rush through with the process Audit of financial statements of
Preserve the IBC | Business Standard Editorials
Clipped from: https://www.business-standard.com Suspension should not result in unintended consequences The Union Cabinet has cleared the proposal to suspend the Insolvency and Bankruptcy Code (IBC) for six months, and it
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 IBC can affect resolution efforts and shift focus to recovery | Business Standard News
Clipped from: https://www.business-standard.com On Wednesday, the Union Cabinet gave approval to the suspension of the IBC for Covid-19-related stress It was decided to hold in abeyance
Nod for Ordinance to amend Insolvency Code – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Insolvency proceedings to be suspended for Covid-related debt up to a year The Cabinet on Wednesday approved the promulgation of an ordinance to
Four shortlisted for placing financial bids for Jet Airways – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Jet Airways’ Resolution Professional has short-listed four companies for placing a financial bid for acquiring Jet Airways. While nearly seven entities had submitted
‘FY21 to witness significantly lower realisations under IBC’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Outbreak of Covid-19 pandemic and suspension of new proceedings key reasons Financial creditors could realise about ₹60,000 to ₹70,000 crore in FY21 through the Insolvency
IBBI slaps Rs 34.22 lakh penalty on an Insolvency Professional – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ Penalty levied for moratorium violation by allowing transfer of assets of a corporate debtor during CIRP Insolvency regulator IBBI’s Disciplinary Committee(DC) has slapped
IBC realisations for financial creditors may drop 40% to Rs 60,000 crore in FY21 – The Financial Express
Clipped from: https://www.financialexpress.com Against the stipulated resolution period of 330 days, the average time taken for completion of the CIRPs yielding approval of resolution plans has
Insolvency halt gives a rude jolt to boutique IRPs – The Economic Times
Clipped from: https://economictimes.indiatimes.com Several IRPs and lawyers are of the view that boutique firms largely dependent on operational creditors and small businesses will face a double
Cabinet okays ordinance to amend insolvency law; defaults due to COVID out of IBC ambit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ Payment defaults from March 25 — the day when the nationwide lockdown to curb coronavirus infections began — would not be considered for
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