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
Category: IBC-SEBI
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
Timeline for DHFL insolvency process may be extended to June 30 – The Hindu BusinessLine
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
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
aniltikotekar4sme.com 