Amid a controversy on loans against shares, the Reserve Bank of India has asked non-banking finance companies (NBFCs) to disclose the moratorium or grace period given to borrowers. Besides
Category: IBC
Anil Ambani’s big service to India–Economic Times
They also serve who stand and get clobbered, if they happen to be a powerful industrialist like Anil Ambani. The Supreme Court order asking Anil
ERA Infra bankruptcy: Lenders may consider ‘stalking horse’ bidding – The Financial Express
By Mitali Salian Lenders to Era Infra Engineering are hoping to put a floor price while inviting bids for the company, its joint ventures and
IBC reigns supreme over other civil laws, says Delhi High Court | Business Standard News
The Delhi High Court on Friday upheld the supremacy of Insolvency and Bankruptcy Code (IBC) over other civil laws such as those of contracts and
Jet Airways: Lessors doubt Jet Airways rescue plan, pull out more planes: Sources–Economic Times
International lessors have grounded more Jet AirwaysNSE 0.71 % planes prior to potentially moving them out of India, as scepticism builds whether a state-led bailout of the
DHFL crisis: Dewan Housing Finance crisis hits home with full force, promoters eye a cash-out–Economic Times
The promoters of Dewan Housing Finance Corp Ltd (DHFLNSE 5.22 %), gripped by a liquidity crisis amid allegations of financial irregularities, have mandated Barclays Group Plc and
Pledged shares and real estate loans are worrying – The Financial Express
Pledged shares and real estate loans are worrying The somewhat reckless lending by NBFCs to promoters against shares of their companies is bound to take
Jet Airways bailout puts focus on India banks’ debt-to-equity losses – The Economic Times
By Rahul Satija From cloth makers to shipyards, Indian banks are getting stuck with shares of companies that are rapidly losing value even as the
IL&FS case| IL&FS probe: ED registers money laundering case, raids underway in Mumbai, Gurgaon–Economic Times
The Enforcement Directorate (ED) has registered a money laundering case in the matter concerning alleged financial irregularities in Infrastructure Leasing and Financial Services (IL&FS) Ltd. Raids are underway in Mumbai and Gurugram, atleast
Soft on promoters, still | Business Standard Editorials
Jet Airways is selling a majority stake to its lenders for Rs 1, under a complicated arrangement that is on track to be put on
Individual Insolvency Code may soon be a reality – The Economic Times
Failure to repay home loans might drag future defaulters to dedicated bankruptcy courts as New Delhi is seeking to put in place a broad framework
home prices: Homebuyers as financial creditors: Developers’ default risks spike – The Economic Times
Treating home-buyers as financial creditors under the bankruptcy law has increased the default risks for developers with delayed projects, warns a report. Last August, Parliament had passed
Disciplinary Action against IRP / RP–2–Source IBBI website
Order- Mr. Vasudeo Agarwal- 07-01-2019 4.1 Contravention: Mr. Agarwal did not proceed expeditiously even though he knew that the CIRP period was ending on 27th February,
Disciplinary Action against IRP / RP–1–Source IBBI website
Order-dated 28.01.2019- Mr. Sandeep Kumar Kejriwal Contraventions and Findings 4. The DC observes that both the CIRPs are strikingly similar. Both CDs belong to the
NCLAT–Tata Steel V Liberty–04.02.2019
2. The main plea taken by the Appellant is that the Adjudicating Authority cannot provide the numerous opportunities at the belated stage. 5. ‘Tata Steel Limited’
Section 7 of I & B Code–Explained in Supreme Court Judgment in Innoventive Industries Vs ICICI Bank–Para 27 and Para 28–
In “Innoventive Industries Ltd. Vs. ICICI Bank and Ors. – (2018) 1 SCC 407”, the Hon’ble Supreme Court held as under:- “27. The scheme of the
IBC 2016–NCLAT Judgments–Summary
Asset Reconstruction V GPT Steel–15.02.2019 This Appellate Tribunal has observed in a recent judgment that Corporate Insolvency Resolution Process is not a recovery proceeding and the
Reliance Group: R-ADAG reaches in principle understanding with lenders – The Economic Times
The Anil Ambani Group is believed to have reached an in principle understanding with more than 90 per cent of the lenders at the Promoter Group level.
IBC–Method in the madness | Business Standard Column
In the list of about 40 companies sent by the Reserve Bank of India for bankruptcy resolution there is a curious pattern. The auditors of these companies
Insolvency process: IBC to have provisions dealing with individual insolvency, says IBBI chairman – The Financial Express
The Insolvency and Bankruptcy Code (IBC), 2016, will soon have provisions dealing with individual insolvency and bankruptcy, said MS Sahoo, chairman of Insolvency and Bankruptcy
