Clipped from: https://www.deccanherald.com Markets regulator Sebi on Friday imposed a penalty totalling Rs 35 lakh on two persons for trading in shares of SpiceJet on the
Category: IBC-SEBI
Sebi slaps Rs 20 lakh fine on DHFL for violating market norms | Deccan Herald
Clipped from: https://www.deccanherald.com Markets regulator Sebi on Friday levied a fine of Rs 20 lakh on Dewan Housing Finance Corporation Ltd (DHFL) for not complying with
SEBI extends power of attorney norms implementation date to August 1 | Deccan Herald
Clipped from: https://www.deccanherald.com Markets regulator SEBI has extended to August 1, 2020, the date for implementing norms pertaining to power of attorney given by clients to
Mohandas Pai to chair IBBI advisory committee on service providers – The Economic Times
Clipped from: https://economictimes.indiatimes.com Bharti Infratel Chairman Akhil Gupta, Raksha Shakti University Director General Bimal N Patel, CSB Bank MD and CEO Chinna Veerappan Rajendran, former Sebi
SFIO to probe Jaiprakash Associates, Jaypee Infratech for financial irregularities – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ The Serious Fraud Investigation Office (SFIO) will probe Jaypee group’s flagship firm Jaiprakash Associates and bankruptcy-bound Jaypee Infratech for alleged financial irregularities, according
JetAirways crisis: Deadline for submission of EoI is today – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ Jet Airways aircraft. File photo – REUTERS Jet Airways aircraft. File photo – REUTERS× It has been over a year since Jet Airways
Firms red-flag pitfalls of IBC suspension; law’s future unsure, say experts | Business Standard News
Clipped from: https://www.business-standard.com With the Insolvency and Bankruptcy Code, which was the instrument lenders had to make their borrowers fall in line, suspended for a year,
NCLAT’s resolution professional ruling: Several bankruptcy cases face delay | Business Standard News
Clipped from: https://www.business-standard.com National Company Law Appellate Tribunal (NCLAT) had ordered that a former bank official cannot be appointed as a resolution professional (RP) in a
IBC deferral plan and absence of loan rejig put banks in a fix – The Economic Times
Clipped from: https://economictimes.indiatimes.com Unlike the meltdown of 2008-09, Covid-19 has impacted a far higher number of industries. MUMBAI: Banks are in a quandary over the resolution
Blanket ban on recovery impractical, say bankers – The Economic Times
Clipped from: https://economictimes.indiatimes.com Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protection against
PNB Housing: PNB Housing Finance takes over Vipul Ltd Project after default – The Economic Times
Clipped from: https://economictimes.indiatimes.com The lender had sent a notice to the Bombay Stock Exchange listed developer in February, demanding repayment of the loan given against its
NCLT approves IL&FS stake sale in GIFTCL to Gujarat government – The Economic Times
Clipped from: https://economictimes.indiatimes.com The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting
RIL RE price jumps 11% on Day 5 on high volumes – The Economic Times
Clipped from: https://economictimes.indiatimes.com RIL-RE closed at Rs 201.5, a gain of 11 per cent over Tuesday’s close, after touching an intra-day high of Rs 209.90. Mumbai:
Power of Attorney given to stock brokers: What’s changing from June 1, 2020? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com File photo – REUTERS File photo – REUTERS× In the aftermath of the Karvy Stock Broking scandal which revealed misuse of Power of
Government proposal: MSMEs may seek own insolvency – The Financial Express
Clipped from: https://www.financialexpress.com Data available with insolvency regulator IBBI show, proceedings in 2,170 cases were going on as of March 2020. Typically most of the insolvent firms are
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens – The Financial Express
Clipped from: https://www.financialexpress.com/ The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies. RBI’s decision to extend
‘Material disclosure’ is imperative at this time – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Investors need to be frequently updated on Covid-19’s impact on companies Even as most sections of the economy shut down operations in April
No case to stop voluntary insolvency–Economic Times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/no-case-to-stop-voluntary-insolvency/ The move to hold the Insolvency and Bankruptcy Code (IBC) in abeyance for one year on account of Covid-19 has an unintended consequence.
US heading for 2nd largest bankruptcies: Edward Altman – The Economic Times
Clipped from: https://economictimes.indiatimes.com ‘Certain industries will never recover everything’ There is no question that the global economy is now in a financial crisis, perhaps unprecedented in its type and
Fast Track mergers: MCA keen to extend facility to more classes of companies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com asks industry to come up with comprehensive suggestions The Corporate Affairs Ministry (MCA) is open to adding more classes of companies to the
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