The date of closure of the corporate insolvency resolution process (CIRP) of the financially distressed Dewan Housing Finance Corporation Ltd (DHFL) is expected to be extended to
Category: IBC-SEBI
Why Franklin-type fiasco will keep repeating | Business Standard Column
What went wrong? Is there a systemic flaw? Is there a role for the regulator here? Can this happen again? What should you do to
Delhi HC restrains IOCL from invoking bank guarantee furnished by Punj Lloyd – The Economic Times
“…till the expiry of the period of one week from the lifting of the lockdown, imposed by the central government consequent to an n-Covid-2019 pandemic,
Covid 19: Govt notifies exclusion of the lockdown period from insolvency and liquidation processes – business news – Hindustan Times
Coronavirus in India: The first notification said “the period of lockdown imposed by the Central Government in the wake of Covid-19 outbreak shall not be
Coronavirus outbreak: Govt suspends insolvency process for six months–Business Today
Sections 7, 9 and 10 of the IBC enable a financial creditor, operational creditor and the promoter, respectively, to initiate insolvency proceedings against a company
Insolvency professionals should use technology and keep working for revival of cos under IBC: IBBI official – Times of India
MANGALURU: The insolvency professionals should engage greater use of technology and keep working for revival of companies under the Insolvency and Bankruptcy Code (IBC), said Mukulita Vijayawargiya, WTM
India Inc gets IBC breather for six months amid coronavirus outbreak | Business Standard News
The provision is likely to require a change in the present Act, according to experts. The government has decided to suspend insolvency and bankruptcy proceedings
Firms get relief from IBC for six months, ordinance soon – The Financial Express
While the Reserve Bank of India (RBI) has allowed borrowers a three-month repayment holiday for term loans, keeping insolvency proceedings in abeyance would be an
Govt decides to suspend up to 1 year IBC provisions that trigger fresh insolvency proceedings: Report – The Economic Times
Section 7, 9 and 10 of the IBC would be suspended for six months and the suspension time can be extended up to one year.
Covid shadow hangs heavy over insolvency proceedings – The Hindu BusinessLine
Besides denting valuation of assets, lockdown seen delaying resolution The hiatus in insolvency proceedings could have an adverse impact on the valuations of already stressed
A case against suspending IBC amidst Covid-19 crisis – The Hindu BusinessLine
A blanket ban on recourse through the IBC process will hurt genuinely affected lenders from recovering the debt owed to them. The IBC process must,
Business needs a ‘circuit breaker’ amidst Covid-19 crisis – The Hindu BusinessLine
Smaller enterprises must be given the right to claim force majeure against meeting of contractual obligations for some time, to save them from collapse due
IBC should take a new avatar post Covid-19 – The Hindu BusinessLine
Involving a resolution professional in a maximum of two cases and engaging industry experts to monitor committees are among changes that must be brought in
Jet Airways: Running out of luck at just about every turn – The Hindu BusinessLine
Several attempts were made to revive Jet, but none bore fruit When Jet Airways suspended operations a year ago, its over 20,000 employees were hopeful
A year after shutting down operations, Jet Airways awaits new owners – The Hindu BusinessLine
Over 15 entities have shown interest in acquiring stake in the Indian airline but no financial bids yet “It was today, one year ago, I
RBI relief for banks: More time given on review period, resolution of stressed assets – The Hindu BusinessLine
The Reserve Bank of India (RBI) has given a temporary breather to lenders on the Review Period as well as timeline for resolution of stressed
Covid-19: Lockdown period not to be counted for liquidation process related tasks timelines – The Hindu BusinessLine
An `information utility’ is an information network that stores financial data like borrowings, default and security interests among others of firms. – istock.com/designer491 An `information
Law playing catch-up with a virus – The Hindu BusinessLine
The Competition Act, 2002, has in-built safeguards to protect businesses from sanctions for certain coordinated conduct, provided such arrangements result in increasing efficiencies – Getty
The RBI should do more to boost bank lending – The Hindu BusinessLine
Additional measures such as easing of prudential standards are needed for banks to expand credit during crisis times like Covid Building upon the measures announced
IBBI slaps Rs 1-lakh penalty on erring insolvency professional – The Hindu BusinessLine
Outsourcing of IP’s duties not allowed under regulations Insolvency regulator IBBI has imposed a monetary penalty of ₹1 lakh on Koteswara Rao Karuchola, a Hyderabad-based insolvency
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