The 75 basis points cut in the repo rate by the Reserve Bank of India (RBI) on March 27, seems to have failed in achieving
Category: IBC-SEBI
RBI announcements today: RBI announces second tranche of liquidity boost; cuts reverse repo by 25 basis points, Rs 50,000 crore TLTRO 2.0 for NBFCs – The Economic Times
The RBI today announced a second tranche of liquidity boost for the economy wth a 25 basis point reverse repo cut taking it to 3.75 per cent from 4
IBC suspension: Creditors to take a hit, but breather for several firms – The Financial Express
The Cabinet is likely to consider, at its next meeting, an Ordinance to amend the IBC to hold off proceedings in the insolvency courts. The
Orders to pay full wages may push industry to bankruptcy: Amarinder to Modi | Business Standard News
Amarinder Singh termed as imperative the re-examination of the matter by the Centre. Punjab Chief Minister Amarinder Singh on Tuesday urged Prime Minister Narendra Modi to reconsider
Coronavirus outbreak: Relaxed IBC timelines may be a face-saver for Indian corporates–Business Today
COVID-19 has retarded the momentum of wheels of the Indian economy, the corporates. The All India Association of Industries had estimated a loss of Rs
Coronavirus impact: Delayed NPA resolutions, haircuts; banks brace for a double blow in their NPA books–Business Today
The country is going through an unprecedented countrywide three-week lockdown starting from March 25, 2020. Prior to that too, several state governments had shut down
Industry opposes proposal on joint audits, appointment panel | Business News,The Indian Express
The MCA recently strengthened the reporting requirements for auditors as part of a drive to boost corporate governance, after major corporate failures at companies such
UK court grants bankruptcy reprieve to Vijay Mallya–Deccan Chronicle
London: In a relief to liquor baron Vijay Mallya, the High Court in London has deferred hearings on a plea by the SBI-led consortium of Indian
Market crash sucks out ray of hope for distressed assets: why the contagion makes deal-making tough – ET Prime
The continuous spread of Covid-19 in India is deepening the worry lines among investors and other stakeholders in the distressed-assets space. Since January, the benchmark
ILFS: ‘Substantial recovery’ likely against IL&FS external debt worth Rs 94,000 cr: Injeti Srinivas – The Economic Times
NEW DELHI: With multi-pronged strategies in place for IL&FS resolution, the government expects “substantial recovery” against the group’s Rs 94,000 crore external debt and the
Punjab & Sind Bank declares Saptarishi Hotels a/c as fraud – The Hindu BusinessLine
Punjab & Sind Bank (PSB) on Saturday informed the exchanges that its exposure to Saptarishi Hotels Private Ltd involving a total amount of Rs 76.58
Increased default threshold for IBC trigger comes into effect – The Hindu BusinessLine
From 1 lakh, the threshold has been raised to ₹1 crore The Ministry of Corporate Affairs (MCA) has operationalised the Centre’s move to raise the
Covid-19 impact: Will ₹1-lakh threshold for insolvency plea under IBC be reviewed? – The Hindu BusinessLine
If implemented, the move will offer substantial relief to stressed sectors In a bid to avoid frivolous applications under the IBC, one of the amendments
As Covid-19 grips economy, firms uncertain about impact on bankruptcies | Business Standard News
However, industry experts said many would also try to take advantage of the situation and blame the delay or non-delivery of projects on the Covid-19
Don’t consider lockdown-related loan repayment delays as default: Sebi to credit rating agencies | Deccan Herald
Markets regulator Sebi on Monday asked credit rating agencies not to consider as default any delay in payment of interest or principal loan amount arisen
All you wanted to know about moratorium period – The Hindu BusinessLine
With the country being in lockdown to contain the spread of Covid-19, the Reserve Bank of India had announced a slew of measures last week,
GST compliance of companies under IBC: Gaps in the new mechanism | Business Standard Column
Recently, the ministry of finance notified the process to be followed by an interim resolution professional (IRP) or resolution professional (RP) for ensuring GST compliances
bad loan: RBI moratorium: Lenders’ body wants RBI to freeze bad loan recognition as on February 29 – The Economic Times
MUMBAI: Indian banks are seeking that the Reserve Bank of India (RBI) freeze the recognition of bad loans as on February 29 to make its
Moratorium plan: Borrowers unlikely to get significant gains; banks to charge interest later – The Economic Times
NEW DELHI: The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium
Inside Altico’s resolution plan: a top-deck rejig, competing suitors, and a thwarted proposal – ET Prime
Beleaguered realty lender Altico Capital, which is in the process of finalising a viable resolution plan after it defaulted on interest payments in September 2019,
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