Clipped from: https://economictimes.indiatimes.com Equity investors dumped bank stocks on Dalal Street, sensing deeper pain ahead. NEW DELHI: RBI on Friday extended the moratorium on loan repayments
Category: IBC-SEBI
What steps did the govt take to prevent MSMEs from defaulting on loans? | Business Standard News
Clipped from: https://www.business-standard.com/ Two important steps have been taken in this regard by the govt The Insolvency and Bankruptcy Code is entering a period of suspension
Banks approach MCA to expedite nod for 40 resolved IBC cases – The Economic Times
Clipped from: https://economictimes.indiatimes.com With prospects of almost zero recovery over the next few months, banks are worried that buyers may call off deals or reduce valuations
Banks let 124 companies slip into liquidation despite resolution plans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ “The code envisages maximisation of value and not price,” wrote Dr M.S.Sahoo, chairman, IBBI, in the latest newsletter released by the bankruptcy regulator.
Monsanto pleas against probe into allegations of dominant position abuse dismissed – The Financial Express
It held that the CCI order passed under Section 26(1) of the Competition Act “is an administrative order” and, therefore, unless it is found that
MSME: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate – The Economic Times
The scheme aims at mitigating the economic distress being faced by about 45 lakh MSMEs by providing them additional funding of up to Rs 3
Big 4: 57% investors say Big-4 auditors have no credibility: IiAS survey – The Economic Times
According to a survey by Institutional Investor Advisory Services of 63 large investors and sell-side analysts numbering 89, conducted online between April 13-21, as much
RIL rights issue: What makes analysts recommend ‘subscribe’ to issue – The Economic Times
Analysts find it ‘quite attractive’ and have advised shareholders to avail the window. Motilal Oswal Securities in a note said the contribution from the standalone
Banks are now expected to bear the bulk of the stimulus cost – The Hindu BusinessLine
The suspension of fresh insolvency proceedings for a period of one year under IBC comes as a breather for MSMEs, but could lead to steep
Insolvency suspension necessary during Covid-19 times: IBBI Chief M S Sahoo – The Hindu BusinessLine
Says there aren’t enough ‘white knights’ to rescue firms in distress In conversation with BusinessLine, IBBI Chief M S Sahoo shares his views on the latest announcement
One-year IBC suspension plan leaves banks in a fix – The Economic Times
A one-year blanket suspension of new cases under the Insolvency Code has surprised bankers. MUMBAI: A one-year blanket suspension of new cases under the Insolvency
reliance rights issue: RIL rights issue set to open: Key things to know before investing – The Economic Times
A rights issue is an instrument for a listed company to raise additional capital. The company will offer one share for every 15 shares held
Blanket one-year ban on fresh insolvency under IBC: A boon for corporates, but huge burden for banks – The Hindu BusinessLine
Unless the RBI offers dispensation on recognition of defaults or one-time restructuring, banks could face immense pressure going ahead In a bid to offer respite
New-look inter-creditor agreement on the cards as IBC process suspended | Business Standard News
The Indian Banks’ Association can be expected to begin formal discussions with the wider banking fraternity over the next fortnight Under the current arrangement when
One-year IBC suspension plan leaves banks in a fix—The Economic Times
The plan will protect firms from bank action now, but any delay in revival will lead to a surge in cases later. MUMBAI: A one-year
RIL mega issue to put Sebi’s ‘rights entitlement’ platform to test | Business Standard News
First issue since introduction of trading platform that allows eligible shareholders to sell their entitlement Despite being a new mechanism, experts feel RE trading will
reliance rights issue: Shareholders to pay 25% for subscribing to RIL’s right issue now, balance next year – The Economic Times
Billionaire Mukesh Ambani’s firm had on April 30 announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue – India’s biggest
Not the Best Solution for Insolvencies–Economic Times
By Anirudh Wadhwa On April 23, GoI passed a resolution to amend the Insolvency and Bankruptcy Code (IBC) to suspend up to one year the
A buyer should pay Rs 202-245 for Reliance rights entitlement renunciation: Report – business news – Hindustan Times
Rights entitlement (RE) renunciation gives the buyer the rights to buy the shares at the Rights Price (equivalent to a strike price) as against TERP/CMP
Giving teeth to bankruptcy code | Business Standard Column
By adopting a few steps many companies that have no alternative but to go to the NCLT to keep themselves from closing down can be
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