Reserve Bank of India governor Shaktikanta Das on Friday said that Yes Bank resolution will be done very swiftly and that 30 days is an
Category: IBC-SEBI
Creditors can choose to stop supplies to companies under IBC: House Panel – The Economic Times
New Delhi: A parliamentary panel said suppliers of a company cannot be burdened with “overly restrictive conditions” in the hope of a probable revival under
Auditors and fraud | Business Standard Column
On February 6, the Ministry of Company Affairs (MCA) came out with a consultation paper on what could possibly be far-reaching changes to the auditing
Why did Yes Bank collapse? Here are 6 main reasons–Business Today
Yes Bank news: The financial position of the bank has undergone a steady decline over the last few years In a rare case of Reserve
Government approves more amendments to companies law – The Economic Times
The government on Wednesday cleared more amendments to the companies law, including decriminalising various offences. As many as 72 changes to the Companies Act 2013
No more jail for bona fide business defaults: Cabinet OKs this amendment to Companies Act – The Financial Express
Prime Minister Narendra Modi-led Union Cabinet has approved the second amendment to the Companies Bill, 2019, giving a major relief to promoters against criminal penalties
NCLAT asks CCI to probe against Flipkart over allegations of unfair practices–Deccan Chronicle
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the fair trade regulator CCI to initiate again the probe against Flipkart for
Rs 6.5 lakh crore haircut, 1.1 million job losses; is IBC really a success?–Business Today
Rs 6.5 lakh crore haircut, 1.1 million job losses; is IBC really a success? Out of Rs 9,870 crore worth of claims, the creditors have
SBI board approves Rs 23,000-crore RCom insolvency resolution plan: Sources – The Economic Times
New Delhi: The board of State Bank of India is learnt to have approved resolution plan for Reliance CommunicationsNSE 0.00 %, through which lenders are
NCLT approves ArcelorMittal’s Rs 2,360 cr bid for Odisha Slurry Pipeline – The Economic Times
The National Company Law Tribunal (NCLT) has approved a Rs 2,359-crore bid of ArcelorMittal India for debt-ridden Odisha Slurry Pipeline Infrastructure Ltd (OSPIL). A two-member
NCLT approves NBCC bid for Jaypee Infratech – The Economic Times
The National Company Law Tribunal (NCLT) has approved the resolution plan of NBCC (India) to acquire the debt-hit realty developer Jaypee InfratechNSE 4.55 %, three
Government introduces bill to amend banking laws to strengthen cooperative banks | Business News,The Indian Express
Noting that the happenings at the PMC Bank had “unfortunately” put a lot of small depositors in difficulty, Finance Minister Nirmala Sitharaman said there were
ministry of corporate affairs: No unnecessary action against independent directors without strong evidence of wrong doing: MCA – The Economic Times
NEW DELHI: The Ministry of Corporate Affairs on Monday said prosecution proceedings will not be initiated against independent and non-executive directors unless there is strong
bank loans: ‘Companies may default on Rs 2.54-L cr bank loans in next 3 years’ – The Economic Times
KOLKATA: An additional 4% of outstanding corporate borrowings from banks, translating roughly into Rs 2.54 lakh crore could tip into default over the next three
NCLT allows consolidation of Lavasa Corporation’s subsidiaries for faster resolution – The Economic Times
MUMBAI: The dedicated bankruptcy court has approved the request of lenders to Lavasa Corporation to consolidate the township developer and its wholly owned subsidiaries Warasgaon
80% of stressed assets resolved, only 20% in liquidation, says MS Sahoo, head of the insolvency regulator, IBBI – The Financial Express
The credible threat of IBC process that a company may change hands has changed the behaviour of debtors. Even as the Insolvency and Bankruptcy Code
Greater transparency | Business Standard Editorials
The Union Ministry of Corporate Affairs announced last week the notification of the Companies (Auditor’s Report) Order, 2020 (CARO 2020). The order has introduced several
An Asset Reconstruction Fund is needed to boost ARC Sector–Business Today
There has been an exponential growth in NPAs of banks with the present level at around Rs 9 lakh crore Asset Reconstruction Companies (ARCs) have
Jet lenders to seek fresh Expression of Interest for the carrier – The Economic Times
Mumbai: Defunct airline Jet Airways’ Committee of Creditors has decided to issue fresh Expression of Interest (EoI) for the carrier, which is undergoing insolvency proceedings,
Not in sound financial state; can meet liabilities only with government support: Voda Idea on AGR dues – The Economic Times
New Delhi: Troubled Vodafone Idea has written to the telecom department expressing its inability to pay full AGR dues unless the government takes urgent measures,
