Category: IBC

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-an-urgent-need-for-a-cross-border-insolvency-framework/articleshow/79529444.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Guarantees issued are usually for the loans raised by subsidiaries where the company availing the loan does not meet the requisite financial parameters.

Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/govt-in-no-mood-to-relent-on-personal-guarantee-wiggle-room-for-anil-ambani-is-shrinking-fast/articleshow/79525396.cmsSynopsis This is only the latest in the beleaguered one-time tycoon’s well-documented series of brushes with personal guarantee invocation. He is already being sued

Clipped from: https://www.thehindubusinessline.com/money-and-banking/global-investors-raise-concerns-over-dhfl-debt-resolution-process/article33222916.ece?homepage=true Say the manner in which the case has been handled leaves a lot of grey areas in rules governing IBC cases International investors

Clipped from: https://www.business-standard.com/article/companies/decoded-unravelling-the-legal-tangle-around-revised-bids-for-dhfl-120120101256_1.html The DHFL saga has put the spotlight on the legal ambiguity in accepting bids beyond stipulated deadlines The DHFL saga, the first non-banking financial company

Clipped from: https://www.thehindubusinessline.com/money-and-banking/wadhawan-moves-nclt-against-coc-administrator/article33187385.ece Says DHFL’s cash in hand, investment and real estate assets is more than ₹16,000 crore In the alternative to the above, Wadhawan (Applicant), who

Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/pre-packaged-viable-route-to-insolvency/ The Insolvency and Bankruptcy Board’s proposal to allow companies to withdraw from the process of voluntary liquidation is pragmatic. It will facilitate revival.

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/adani-tops-dhfl-bid-says-its-bid-gives-maximum-to-lenders-rivals-want-it-out-of-race/articleshow/79446899.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis Adani Group, which had initially bid only for DHFL’s wholesale and Slum Rehabilitation Authority (SRA) portfolio, in the revised offer submitted on November

Clipped from: https://www.thehindubusinessline.com/money-and-banking/need-cautious-approach-in-further-ibc-suspension-extension-beyond-december-25-sbi-md/article32936473.ece IBC suspension beyond December 25 may give an impression that borrowers are fundamentally weak State Bank of India (SBI), the country’s largest commercial

Clipped from: https://www.thehindubusinessline.com/money-and-banking/dhfl-committee-of-creditors-to-discuss-four-offers-on-monday/article32940635.ece?homepage=true This will be the first CoC meeting after the bidding process ended on October 17 The Committee of Creditors (CoC) to the beleaguered

Clipped from: https://www.hindustantimes.com/business-news/key-debtors-vow-to-pay-but-banks-wary/story-NowHoWMmfNAJMXjZGoxODL.html The Dhoot family has offered to repay ₹30,000 crore to lenders and take 13 out of 15 companies that it formerly controlled out

Clipped from: https://indianexpress.com/article/business/nclat-discoms-cant-cancel-ppa-amid-corporate-insolvency-process-6825263/ The NCLAT agreed that the proposition that a power plant and its PPA “form one integrated economic asset” appeared to a rational one,

Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/potential-owners-of-jet-airways-are-looking-at-a-90-plus-stake-offer-remnants-to-lenders/articleshow/78794738.cmsSynopsis Neither public shareholders nor Jet’s employees, except those retained by the new owners, stand to gain anything out of the deal, experts said.