The Prime Minister’s Office has flagged an important issue — of banks using the Insolvency and Bankruptcy Code as an easy way to recover their
Category: IBC
Jet Airways COC extends deadline for submitting resolution to March 9 | Business Standard News
The Jet Airways’Committee of Creditors on Tuesday extended the date for submitting a resolution plan to March 9 after Russia-based Far East Development Fund submitted
A good score-card | Business Standard Editorials
The implementation of the Insolvency and Bankruptcy Code (IBC) has been one of the biggest reforms in recent years and has significantly helped in improving the business
Making auditors accountable | Business Standard Editorials
The role of auditors has come under significant scrutiny in recent years with the emergence of high-profile corporate frauds. The auditors are expected to protect the interests of stakeholders
Jet Airways COC extends deadline for submitting resolution to March 9 | Business Standard News
The Jet Airways’Committee of Creditors on Tuesday extended the date for submitting a resolution plan to March 9 after Russia-based Far East Development Fund submitted
IBC: Resolutions via IBC see a big fall in third quarter – The Economic Times
Mumbai: Realisation by financial creditors through the Insolvency and Bankruptcy Code (IBC) has fallen drastically in the fiscal third quarter, resurfacing industry concerns over slowing recoveries that are increasingly
Making auditors accountable | Business Standard Editorials
The role of auditors has come under significant scrutiny in recent years with the emergence of high-profile corporate frauds. The auditors are expected to protect the interests of stakeholders
Reverse CIRP: It is too early for realtors facing insolvency to cheer | Business Standard Column
The reverse corporate insolvency resolution process (CIRP), the latest concept being experimented with upon a suggestion of the National Company Law Appellate Tribunal (NCLAT), has
Are regulators expecting too much from audit? | Business Standard Column
On February 6, the Ministry of Corporate Affairs (MCA) issued a consultation paper on the independence and accountability of auditors. The last date for submission
MCA’s proposal to curb non-audit services will affect small firms: Experts | Business Standard Column
On February 7, Institute of Chartered Accountants of India (ICAI), the self-regulatory body for audit profession, had its 70th Annual Day bash at a five-star
DEA had red flagged possible risks over IL&FS crisis in 2018 – The Economic Times
The government is conducting resolution process of IL&FS based on the principles enunciated in the Insolvency and Bankruptcy Code. It has appointed retired Supreme Court
With AGR ruling, banks fear surge in bad loans – The Economic Times
MUMBAI: Bankers fear a possible collapse of Vodafone IdeaNSE -24.44 % will increase bad loans and spark a rerun of the crisis that gripped the banking sector a few years ago.
Vodafone Idea: For Vodafone Idea, the choice now is equity infusion or bankruptcy: Analysts – The Economic Times
KOLKATA | MUMBAI: Vodafone IdeaNSE -24.44 %’s promoters — UK-based Vodafone Group and the Aditya Birla Group of India — may need to infuse fresh capital urgently, else
Banks will have to pay price if any telco files for bankruptcy: SBI Chairman – The Economic Times
NEW DELHI: SBI Chairman Rajnish Kumar on Saturday said banks will “have to pay the price” in case any telecom firm files for bankruptcy, a day after
Lenders set to recover 43.1% from insolvency proceedings – The Economic Times
NEW DELHI: Successful resolutions of corporate insolvency proceedings till the end of 2019 are set to result in recoveries of Rs 1.52 lakh crore for lenders, averaging
Key data that shows the progress IBC has made in saving a firm in distress | Business Standard News
Three years of Insolvency and Bankruptcy Code(IBC) have seen the law evolve at every step. The latest data shows while the number of cases admitted
DHFL: Banks, PEs and NBFCs line up for DHFL’s retail book – The Economic Times
MUMBAI: Fourteen entities including foreign banks, private equity funds and other local non-bank lenders have begun talks with the administrator of bankrupt mortgage lender Dewan Housing
Include Videocon foreign arms in insolvency process: NCLT – The Economic Times
New Delhi: The National Company Law Tribunal (NCLT) has ordered the inclusion of VideoconNSE 4.88 %’s oil businesses in Brazil and Indonesia as part of insolvency
RBI’s new asset recognition norms for realty credit negative for banks: Moody’s – The Financial Express
Ratings agency Moody’s on Thursday said the Reserve Bank of India’s move to revise asset recognition norms for bank loans to the real estate sector
DHFL’s former directors move NCLT seeking participation in CoC meetings | Business Standard News
The tribunal directed the administrator to file a reply in this regard before February 19. Former directors of Dewan Housing Finance Corporation Ltd on Wednesday
