Mumbai: In a major development, the RBI-appointed Administrator for the beleaguered Dewan Housing Finance Ltd (DFHL) on Thursday asked all its fixed deposit and non-convertible debenture holders
Category: IBC
Breather for BPOs: Government withdraws contentious GST Circular on back office support services – The Economic Times
This may provide respite to the industry, to the extent authorities were placing reliance on the erstwhile Circular to issue Show Cause Notices to back-office
RBI: RBI raises aggregate exposure limit to Rs 50 lakh on P2P lending platforms – The Economic Times
P2P platforms have for long been asking for a revision of the lending cap, calling it a hindrance to their growth since it kept HNI
Why personal guarantors will now face trouble if their companies can’t repay debt–The Print
New Delhi: Starting last Sunday, personal guarantors to companies facing insolvency proceedings have also been brought under the purview of the Insolvency and Bankruptcy Code (IBC). The new
How fugitive Sandesaras getting Sterling Biotech back at discount pokes holes in IBC process–The Print
New Delhi: Sterling Biotech of Nitin and Chetan Sandesara, brothers accused of bank fraud and money laundering, is set to come back to the family after bankruptcy proceedings
Modi govt bringing NBFCs under bankruptcy code will clog the tribunal even more–The Print
The Ministry of Corporate Affairs recently expanded the application of the Insolvency and Bankruptcy Code to include non-banking financial service providers. It will help inject new capital into the industry
Common sense wins in Essar Steel bankruptcy case, eases private equity fears– The Print
Two- and-a-half years after the Indian central bank took the highly unusual step of directing banks to put 12 large corporate debtors into bankruptcy, the
Why the Essar Steel case pushed Modi govt to give more teeth to bankruptcy code–The Print
New Delhi: The Narendra Modi government moved quickly this week to approve major changes to the Insolvency and Bankruptcy Code and give the signature reform measure
Supreme Court’s ruling on bankruptcy proceedings gives homebuyers new power–The Print
India’s Supreme Court upheld the ability of homebuyers to drag property developers into bankruptcy proceedings as several real estate firms are going bust in Asia’s third-largest economy.
Karvy fiasco: SAT grants no relief to banks on wrongly pledged securities | Business Standard News
The Securities Appellate Tribunal (SAT) on Wednesday denied any relief to private-sector lenders HDFC Bank, IndusInd Bank and ICICI Bank, which had moved it after
First personal insolvency petition filed in Amaravati – The Economic Times
India has notified the amended IBC guidelines that enable creditors as well as personal guarantors to approach the tribunal seeking to initiate insolvency proceedings against
DHFL: NCLT admits RBI plea seeking bankruptcy resolution for DHFL – The Economic Times
The Mumbai bench of the National Company Law Tribunal on Monday admitted an RBI petition seeking bankruptcy proceedings to resolve the mortgage player Dewan Housing Finance (DHFLNSE -4.81 %).
IBC vs RERA: Should insolvency proceedings be the first option? – The Financial Express
The insolvency regime has seen a majority applications as having been filed by operational creditors—such as vendors, suppliers and employees. In the challenging scenario that
Firms under IBC: Govt to allow resolution professionals to make filings | Business Standard News
The Ministry of Corporate Affairs (MCA) has decided to empower resolution professionals (RPs) to file routine compliances, said a senior government official, in what may bring relief
DHFL: NCLT admits RBI plea seeking bankruptcy resolution for DHFL – The Economic Times
The Mumbai bench of the National Company Law Tribunal on Monday admitted an RBI petition seeking bankruptcy proceedings to resolve the mortgage player Dewan Housing Finance (DHFLNSE -4.82 %).
SC asks Amrapali buyers to pay outstanding amounts by January 31 – The Economic Times
The Supreme Court on Monday directed thousands of Amrapali home buyers to pay outstanding amounts by January 31 either in installments or at one go for speedy completion of
The road ahead: Government must fix the financial sector to reverse economic decline–Times of India
India’s gross domestic product in the July-September quarter grew 4.5%, the slowest pace of quarterly growth since the beginning of 2013. This was the sixth
No blanket action: Audit company may not face ban for a few partners’ fault – The Financial Express
The ban, the committee feels, should be limited to only those auditors who are found to be guilty and the firms may ordinarily be let
Work is on to address cross-border insolvency: Sahoo | Deccan Herald
Insolvency and Bankruptcy Board of India chairman M S Sahoo on Saturday said work is on to amend the Insolvency and Bankruptcy Code 2016 that
Patanjali secures Rs 3,200-cr loan to buy Ruchi Soya | Deccan Herald
Baba Ramdev-led Patanjali Ayurved on Friday said it has already tied up loan worth Rs 3,200 crore from a consortium of lenders led by State
