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
Category: IBC-SEBI
‘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
Now, brokers cannot use PoA to transfer client shares – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Equity brokers may no longer be able to misuse client shares lying in demat accounts. From June 1, SEBI has discontinued the use
NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ Rejecting the order, the NCLAT said: “The impugned order making it applicable throughout the country to all the Benches of the National Company
HDFC Q4 results: Profit drops 22% YoY to Rs 2,233 crore; firm announces dividend of Rs 21 per share – The Economic Times
Clipped from: https://economictimes.indiatimes.com Profit fell as dividend income received during the quarter was mere Rs 2 crore. NEW DELHI: HDFC on Monday reported a 21.97 per cent year-on-year
Appointment of Insolvency Professionals–apprehension of bias–how much relevant ? My view– Anil Tikotekar
NCLAT has observed that “ The apprehension of bias by the corporate debtor [ Defendant ] could not be dismissed ” NCLAT further said ,
NCLAT upholds order passed by NCLT on appointment of RP for Metenere Ltd. – The Economic Times
Clipped from: https://economictimes.indiatimes.com The National Company Law Appellate Tribunal (NCLAT) upheld an order passed by Delhi-NCLT over appointment of a former State Bank of India (SBI)
Government to exempt coronavirus-related debt of companies from insolvency law ambit – The Economic Times
Clipped from: https://economictimes.indiatimes.com Procedural violations under the Companies Act, such as shortcomings in corporate social responsibility reporting, inadequacies in board reports, filing defaults and delay in
Extension of moratorium may lead to credit indiscipline, say bankers | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/extension-of-moratorium-may-lead-to-credit-indiscipline-say-bankers-120052500007_1.html A senior State Bank of India executive said the moratorium is apt for small and medium enterprises whose cash flows have been impacted
Tread with caution to ensure compliance with competition law: CII tells cos amid COVID-19 crisis – The Economic Times
Clipped from: https://economictimes.indiatimes.com At a time when coronavirus pandemic has disrupted economic activities, industry body CII on Sunday said companies must tread with caution when looking
Andhra Pradesh High Court orders seizure of LG Polymers’ premises, bars directors from leaving India – The Economic Times
Clipped from: https://economictimes.indiatimes.com The court has also barred the company directors from leaving the country without its permission, while ordering authorities not to release their surrendered
HDFC–Profit may fall up to 22% in absence of dividend income – The Economic Times
Clipped from: https://economictimes.indiatimes.com The NBFC is slated to release its quarterly results on Monday, May 25. NEW DELHI: Mortgage lender Housing Development Finance CorporationNSE -5.08 % (HDFC) is
How Atmanirbhar Bharat impacts sectors, stocks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com We evaluate the impact of key proposals and reforms on various sectors Banking: An added burden for banks The stimulus package, which was
Reliance Industries rights issue: 8 reasons why you should subscribe to it – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Among them is the fact that RIL has financial muscle to weather the Covid-19 storm The ₹53,124-crore rights issue of Reliance Industries (RIL) —
Govt looks at dedicated NCLT benches for insolvency, Companies Act-related matters – The Economic Times
Clipped from: https://economictimes.indiatimes.com Recently, the government had legislated changes to the insolvency code to fast-track processing of cases where a restructuring plan has been agreed in
Hertz files for bankruptcy after rental-car demand vanishes | Business News,The Indian Express
Clipped from: https://indianexpress.com/ After the coronavirus pandemic decimated revenue, the car renter sought relief from lenders and a bailout from the U.S. Treasury Department. Signage is
Lenders have recovered money in just 14% of cases resolved by NCLT: Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Liquidation ordered in 57% of cases, says Motilal Oswal report card on 3 years of IBC Financial and operational creditors have managed to
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