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,
Category: IBC-SEBI
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,
EMI moratorium: Moratorium on loan EMIs, credit card dues will have an interest cost – The Economic Times
By Raj Khosla The Covid-19 relief package announced by the government last week is a welcome move. The RBI has left the implementation of the
Is EMI postponed for 3 months?–Economic Times
Mumbai: How many borrowers will use the moratorium on loans? It’s a key question that many banks are grappling with. Some lenders, particularly private sector
The crisis at NCLAT: why speedy resolution of corporate disputes is beyond reach – ET Prime
An interim chief, infrastructural constraints, and thousands of pending cases — the National Company Law Appellate Tribunal is weighed down by numerous challenges. Stakeholders say
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
Bankruptcy deadlines relaxed: IBC activity falling behind during lockdown can be finished later – The Financial Express
The decision is taken after considering that it is difficult for the insolvency professionals to continue to conduct the process and for members of the
Lockdown period won’t be counted in IBC timeline: IBBI – The Economic Times
New Delhi: Lockdown period will not be counted towards the timeline for any activity under the corporate insolvency resolution process. “…the period of lockdown imposed
Covid effect: Govt may ease resolution rules for insolvent firms – The Economic Times
MUMBAI: In a move aimed at smooth resolution of insolvent firms, the finance ministry is considering waving off the 21-day national lockdown from the bankruptcy
Separate GST registrations confuse interim resolution professionals – The Economic Times
New Delhi: Interim resolution professionals managing various companies under the insolvency process have flagged several issues in a recent notification requiring separate GST registration for
Coronavirus blues: How to prevent insider trading in the midst of COVID-19–Business Today
In India, insider trading is a strict liability offence and regulated in terms of the SEBI (Prohibition of Insider Trading) Regulations 2015 In assuming a
India’s air travel industry jolted by COVID-19, in grave danger of insolvency: IATA | Deccan Herald
India’s carriers are in grave danger of insolvency in the wake of the COVID-19 pandemic, according to the International Air Transport Association (IATA). The current
Expert Explains: Is India ready for the group insolvency | Explained News,The Indian Express
Written by Dheeraj Nair & Angad Baxi Group companies are a set of entities related by shared control or economic dependencies. At present, the Insolvency
Coronavirus outbreak: Why FM Sitharaman’s decision to relax IBC is an important move for businesses–Business Today
The strengthening of the Covid-19 problem also presents an existential crisis for India’s SMEs and SSMEs which have been grappling with a fall in consumer
Domestic aviation industry may incur losses of up to $3.6 billion in Q1: CAPA – The Hindu BusinessLine
CAPA estimates that domestic airlines could lose approximately $1.75 billion, The domestic aviation industry could incur losses of $3.3 billion to $3.6 billion in the
Should Yes Bank have been allowed to be declared insolvent? | Deccan Herald
At first blush, the idea seems outrageous. As a matter of policy, the Reserve Bank of India (RBI) has never allowed any major bank to
Independent directors: Underpaid & unappreciated | Business Standard Column
A lot is expected — rather demanded — of independent directors. By regulators, through the Companies Act and the Securities and Exchange Board of India’s
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