Clipped from: https://www.financialexpress.com Most NBFCs carried adequate on-balance sheet liquidity as of March 2020, which, along with access to funding lines, would be sufficient to meet
Category: IBC-SEBI
‘Not maintainable’: SC rejects plea to exclude lockdown period for calculating limitation for cheque – The Financial Express
Clipped from: https://www.financialexpress.com A bench headed by Justice R Banumathi, which heard the matter through video-conferencing, said that the issue raised in the plea relates to
Banking sector needs recapitalisation of Rs 4 lakh crore: Uday Kotak – The Economic Times
Clipped from: https://economictimes.indiatimes.com The banking sector has loans of Rs 100 lakh crore and a capital of Rs 11 lakh crore to 12 lakh crore while
IBC news: IBC tweak challenges flagged – The Economic Times
Clipped from: https://economictimes.indiatimes.com Many lenders, particularly state-owned banks, are not in a hurry to initiate IBC proceedings. MUMBAI: The road towards changing the Insolvency & Bankruptcy Code
MSMEs call govt’s decision for funding NPA accounts historic; hail approval to revised definition – The Financial Express
Clipped from: https://www.financialexpress.com Ease of Doing Business for MSMEs: MSME Minister Nitin Gadkari in a press briefing announced the Cabinet approval to the revision in the
AI to machine learning: RIL’s $2-billion bet to be a tech tornado | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ai-to-machine-learning-ril-s-2-billion-bet-to-be-a-tech-tornado-120060100053_1.html The strategy includes spending over $1.6 billion on buying stakes in 24 tech firms across the US, UK, and India The companies, in
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
Large companies fear losing out on GST credit if vendors, suppliers go bankrupt due to Covid crisis – The Economic Times
Clipped from: https://economictimes.indiatimes.com Vendors face indemnity papers, blocked payments as firms try to ringfence them from defaults. With many small and medium enterprises staring at bankruptcy or severe
Reliance Industries on track to achieve zero net debt: Report | Deccan Herald
Clipped from: https://www.deccanherald.com Riding on the Rs 1.3 lakh crore in aggregate fund raising in the last few weeks, Reliance Industries is expected to repay its
GSTN enables new registration functionality for insolvency resolution professionals | Deccan Herald
Clipped from: https://www.deccanherald.com The Goods and Services Tax Network (GSTN) on Sunday said it has enabled new registration functionality on the GST portal for erstwhile registered
IBBI–Room for improvement– View Anil Tikotekar
IBBI ideals are to be implemented with the help of service providers and they are one of the key pillars to achieve the desired results.
Mr White & White takes a fancy to things grey: RK Damani’s deep-value bet on India Cements – ET Prime
Clipped from: https://prime.economictimes.indiatimes.comBCCLFor long, India Cements did not see much interest, neither from momentum traders nor long-term investors, due to negligible returns. However, the stock saw
NCLAT issues standard operating procedure for virtual hearings from June 1 – The Financial Express
Clipped from: https://www.financialexpress.com The appellate tribunal has decided to hear all urgent matters through video conferencing only from June 1, and all works, including mention of
Sebi fines 2 persons in SpiceJet insider trading case | Deccan Herald
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
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,
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