With this announcement, SMEs will not have to immediately stare at insolvency from actions taken by a bank or any other creditor. In order to
Category: IBC-SEBI
Costly delay | Business Standard Editorials
Union Finance Minister Nirmala Sitharaman on Tuesday announced a series of measures that essentially provide or extend a grace period for several payments and regulations.
YES Bank AT1 bonds write-down exposes gaps in our ratings systems, yet again – The Hindu BusinessLine
The regulator will have to take rating agencies to task and impose strict penal action for their murky role in recent episodes Even as depositors
Clarification needed from RBI: Is 100% repayment of deposits guaranteed? | Business Standard Letters
This refers to “YES Bank gets 60k crore line of credit from RBI” (March 19). The article quotes Reserve Bank of India (RBI) Governor Shaktikanta
Challenges in enhancing audit quality | Business Standard Column
The most discussed topic today in the audit profession is audit quality. The Ministry of Corporate Affairs (MCA) recently published a consultation paper, the success
No certainty of success with YES bailout plan | Business Standard Column
Unless a resolution mechanism designed for a quick turnaround of stressed financial institutions is implemented, we will continue to lurch from one crisis to the
Insolvency law a ‘Swachhata drive’ against non-performing asset: IBBI chief | Business Standard News
A case is taken up under the Code only after approval from the National Company Law Tribunal (NCLT). The “evolving” insolvency law is a kind
SEBI rules: Sebi tightens rules on short selling, raises margins on non-F&O stocks to curb volatility – The Economic Times
MUMBAI: India’s market regulator on Friday halved position limits for certain stock futures, restricted short-selling of index derivatives and raised margin rates for some shares
Ashish Gupta: The man who saw India’s banking crisis early warns of new peril – The Economic Times
The government-backed rescue of Yes Bank Ltd., until recently India’s fourth-largest private lender, may further reduce banks’ willingness to provide credit to the economy. Ashish
The Yes Bank mystery–Times of India
The happenings in Yes Bank have a very mysterious look about them. The only thing that stands stark naked is that thousands of crores belonging
NCLAT clears insolvency resolution framework for IL&FS proposed by govt – The Economic Times
New Delhi: In its final judgement on the insolvency proceedings against Infrastructure Leasing & Financial Services (ILFS), the National Company Law Appellate Tribunal (NCLAT) approved
Flaws in Today Homes IBC process, UVARC demands offer to be reconsidered | Business Standard News
UVARC was one of two bidders for the assets. First it shot into the limelight for making a Rs 16,000-crore bid — the highest —
Justice S J Mukhopadhaya: ‘Argumentative’ outgoing NCLAT chairman | Business Standard News
For all the times he created a stir with highly unexpected rulings, retired judge Sudhansu Jyoti Mukhopadhaya (pictured) — the outgoing chairman of the National
Just 10% of defaulted loans in non-major cos recovered under IBC: Ramesh | Business Standard News
Ramesh said against admitted claims of Rs 3.51 trillion, Rs 1.50 trillion has been recovered The insolvency and bankruptcy law has resulted in recovery of
Parley | Should distressed private banks be saved by PSBs? – The Hindu
It should be the last resort, but right now, the government is facing severe fiscal constraints A day after the government imposed a moratorium on
Competition Commission allows pre-consultation for filing needs amid crisis | Business Standard News
The Competition Commission of India (CCI) has allowed pre-filing consultation to those seeking informal guidance on determining filing-related requirements and information to be given for
Supreme Court ruling brings Vodafone Idea closer to insolvency: Bernstein – The Hindu BusinessLine
The Supreme Court’s latest ruling on the issue of Adjusted Gross Revenue creates a dire situation for Vodafone Idea, according to analysts at Bernstein. “We
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
Cabinet likely to clear tabling of Bill on bilateral netting of financial contracts | Business News,The Indian Express
In a major step to implement much-needed financial sector reforms, the Union Cabinet on Friday may approve a proposal to introduce the Bilateral Netting of
Indian banks to appeal for relief on bad loans amid coronavirus concerns – The Economic Times
MUMBAI: Large banks had an emergency meeting on Monday evening to explore ways to lend a helping hand to businesses hit by the Covid-19 outbreak.
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