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
Category: IBC-SEBI
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
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
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