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
Category: IBC-SEBI
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
Both debtors & creditors will be wary of using IBC in short term: M S Sahoo | Business Standard News
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
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
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