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
Category: IBC-SEBI
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
Financial reporting, auditing during coronavirus days bring along its own set of challenges – The Hindu BusinessLine
Normally, March and April are busy months for businesses and auditors. But the lockdown following the cornavirus has brought along with it a set of
Two SpiceJet lessors in talks to reclaim planes over missed payments – The Hindu BusinessLine
Two lessors to Indian carrier SpiceJet Ltd are in talks to terminate contracts and repossess planes via mutually agreed deals with the airline over missed
3 critical lessons small businesses must learn from Covid-19 to grow in post-pandemic world – The Financial Express
Ease of Doing Business for MSMEs: The small business owners must build trauma management capabilities to be able to respond to a crisis with their
Insolvency and Bankruptcy Laws: Impact of Covid-19 outbreak and opportunities that may arise – The Financial Express
Increment in the threshold would be directly proportional to the reduction in filings before NCLT (Tribunal) and it would unburden the Tribunal substantially. The companies
Substantial recovery likely against IL&FS Rs 94k cr debt: Injeti Srinivas | Business Standard News
The NCLAT has approved the entire proposal of the government, which is in the “final stages of resolution” On the issue of whether the statutory
Cash-strapped DHFL not to make any payment to lenders, bondholders | Business Standard News
The Corporate Insolvency Resolution Process (CIRP) was initiated against the debt-ridden company as per the provisions of the Insolvency and Bankruptcy Code, 2016 with effect
Bidders jittery over coronavirus impact on bankrupt firms, seek legal help | Business Standard News
Seek legal advice, want force majeure clause included in new contracts Bidders said falling economic growth, a weak rupee coupled with lower customer demand will
Flattening the bankruptcy curve: Why IBC cases may surge post-lockdown | Business Standard News
Shroff is in favour of introducing a new chapter to the Insolvency and Bankruptcy Code (IBC) with temporary provisions Two American professors, Kenneth Ayotte and
NBCC moves NCLAT challenging NCLT order on Jaypee Infra resolution plan – The Financial Express
The NCLT also allowed JIL’s fixed deposit holders, who have not filed their claims within the statutory timelines, to continue their claims even after approval
Ordinance to amend IBC likely this week – The Economic Times
The ordinance will seek to suspend the relevant provisions of IBC Sections 7, 9 and 10, to provide relief to borrowers from being dragged into
OYO: Hyderabad hotel files insolvency plea against Oyo – The Economic Times
Conclave Infratech, in its application, claimed it received the minimum guarantee payment from Oyo only for two months between May 2018 and May 2019. MUMBAI:
Flipkart: NCLAT sets asides insolvency proceedings against Flipkart – The Economic Times
A three-member bench of the NCLAT released Flipkart from the corporate insolvency resolution process and directed the IRP appointed by NCLT to handover the records
Sebi proposes easier fundraising norms through preferential route for stressed cos – The Economic Times
At present, rules mandate the issue price not be less than the average of weekly high and low for 26 weeks. The disclosures that are
Virgin Australia collapses under coronavirus strain | Deccan Herald
Cash-strapped airline Virgin Australia announced it had gone into voluntary administration on Tuesday, making it the largest airline to collapse under the shock of the
‘Force Majeure’ in times of deadly coronavirus | Deccan Herald
The medical effects of the Covid-19 virus are hitting home hard across the world. The seriousness of the economic impact is yet to be understood
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