As the banking system gears up to support businesses in face of defaults due to Covid 19, resolution of stressed assets could be the next
Category: IBC-SEBI
NCLT orders insolvency procedure for Eason Reyrolle on SBI, Canara plea | Business Standard News
The banks together claimed over Rs 230 crore from the company, along with interest and other charges State Bank of India said it had around
IBBI seeks public comments on existing regulations – The Economic Times
Noting that stakeholders could play a more active role in making regulations, IBBI said that they may contemplate, at leisure, the important issues in the
Insolvency and Bankruptcy Code: Getting a move on: Is it time for pre-packaged insolvency in India? – The Economic Times
While restructuring outside the Code is a possible option, it would not offer certain benefits available under the Code, such as the moratorium on legal
Sebi eases procedural requirements for open, buyback offers | Deccan Herald
Markets regulator Sebi on Thursday relaxed procedural requirements for listed entities with respect to open offers and buyback offers opening up to till July 31,
With IBC suspended, now pave the way for pre-packaged insolvency – The Financial Express
A mix of out-of-court restructuring and formal insolvency process, where the terms of sale are pre-negotiated and finalised with approvals of creditors, Pre-Pack is built
Pre-packaged resolution plan to help expedite insolvency process: Experts – The Economic Times
As part of efforts to fast-track processing of cases, the government has been mulling introduction of the provision for pre-packaged (pre-pack) corporate insolvency resolution plan
Chennai NCLT slaps insolvency notice on Eason – The Financial Express
The Chennai bench of the National Company Law Tribunal (NCLT) has ordered initiation of the corporate insolvency resolution process (CIRP) against power management products, systems
Rs 411 crore loan fraud: After defaulters flee India, SBI complains to CBI – The Financial Express
The Central Bureau of Investigation (CBI) did not carry out any searches in the matter because of the coronavirus-induced lockdown. Three promoters of Ram Dev
NCLT cancels summer vacation this year, to hear cases – The Economic Times
Several judicial bodies and quasi-judicial bodies have also cancelled their summer vacations as they were closed during the lockdown and are disposing only urgent matters
Jet Airways’ CoC vote against paying one month’s salary to remaining employees – The Hindu BusinessLine
The Committee of Creditors (CoC) of Jet Airways has once again voted against paying one month’s salary to the airline’s remaining employees. The airline staff
SC extends limitation period for Arbitration Act, cheque dishonour cases – The Hindu BusinessLine
Both the litigants and lawyers to get relief from this move If you are one of the litigants in a cheque bounce case or waiting
Fix the complexity in takeovers and delisting | Business Standard Column
If we do not make M&A execution simple and logical, capital – Indian and foreign – would seek out jurisdictions that do not entail such
Sebi investigates Franklin Templeton – business news – Hindustan Times
The parent’s inquiries revolve around the impact of the decision on their brand, while Sebi’s probe seeks to understand the fund house’s commitment to adequate
Delhi HC allows HDFC Bank to deduct Indiabulls’ loan installment from fixed deposit – The Financial Express
Delhi high court, in an interim order on May 1, has allowed HDFC Bank to deduct a Rs 90-crore loan installment from Indiabulls’ fixed deposit
Bad bank debts could delay India’s recovery from Covid-19 crisis: Report – business news – Hindustan Times
A fresh surge in bad debt could hit credit growth and delay India’s recovery from the coronavirus pandemic. The Indian economy has ground to a
NPAs of BoB, Indian Bank surge multi-fold in 6 years: RTI data – The Economic Times
Summary The NPA of Bank of Baroda (BoB) rose from Rs 11,876 crore at March-end 2014 to Rs 73,140 crore at December-end 2019, the RTI
Fitch downgrade viability ratings of SBI, ICICI Bank, Axis Bank and BoB – The Hindu BusinessLine
Fitch Ratings has downgraded by one notch the viability ratings (VRs) of four large banks — State Bank of India (SBI), ICICI Bank, Axis Bank
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
Say no to banks | Business Standard Editorials
Suspending IBC for an extended period would destroy it Indian banks are reportedly planning to suggest to the government that all the pending cases under
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