The bank has appointed TR Chadha of Chadha & Co as forensic auditor for Punj Lloyd. The move comes after the bank dragged the company
Category: Legal
ICICI Bank’s insolvency plea may not be admitted by NCLT: Punj Lloyd – The Economic Times–15.06.2018
ICICI Bank’s plea was heard today by the principal bench of NCLT headed by President Justice M M Kumar, which issued notices to Punj Lloyd
Appeal Mumbai NCLT ruling on defaulters’ bidding – The Financial Express–14.06.2018
In a somewhat surprising ruling, the Mumbai bench of the National Company Law Tribunal (NCLT) has said that the law banning promoters who are defaulters
Insolvency: UltraTech Cement to bear cost of Binani’s legal proceedings | Business Standard News–14.06.2018
UltraTech Cement, which is in a legal battle to acquire bankruptcy-hit Binani Cement, has agreed to bear the costs arising out of the unending series
IBC 2016–Tangled web – Business Line–14.06.2018
The recent changes to bankruptcy laws have mixed implications for speedy resolution The journey for the large corporate insolvency cases queued up before the National
IBC’s Section 29A: Experts say Mumbai, NCLT’s order threatens code’s intent – The Financial Express–13.06.2018
A ruling by the Mumbai bench of the National Company Law Tribunal (NCLT) — that provisions of a November 2017 ordinance on the ineligibility of
Battle for Ruchi Soya: Adani tops with Rs 6,000-crore bid – The Financial Express–13.06.2018
Adani Wilmar, a joint venture between the Adani Group and Singapore’s Wilmar International, has beaten rival bidder Patanjali to place a higher bid of close
Tata Steel likely to have an edge in battle for Bhushan Power | Business Standard News–13.06.2018
Tata Steel is likely to have an edge in the battle for Bhushan Power & Steel after the Committee of Creditors (CoC) sat through presentations on resolution plans from all bidders on
NCLT to resolution professional: Relook new bids for Alok Ind – Business Line–13.06.2018
The National Company Law Tribunal has directed the resolution professional of Alok Industries to resubmit the plan submitted by JM Financial Asset Reconstruction and Reliance
Videocon blames note ban–Deccan Chronicle–13.06.2018
Leading electronics maker Videocon cited unexpected and unforeseen events such as note ban, policy paralysis of the previous UPA government and a Supreme Court order
Status Report: A year after, NCLT resolves only 2 cases out of 12 referred – The Financial Express–13.06.2018
A year after Reserve Bank of India’s (RBI) decision to nudge banks in referring 12 large defaulters to the National Company Law Tribunal (NCLT), only
Insolvency and Bankruptcy Code: Bankruptcy court admits lenders insolvency plea against Sterling Biotech – The Economic Times–12.06.2018
The bankruptcy court has admitted the insolvency plea against Sterling Biotech filed by Andhra Bank – a move by banks to recover their dues amidst probe by
NCLT asks Alok Industries RP to reconsider plan submitted by RIL, JM Financial ARC – The Financial Express–12.06.2018
The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Monday directed the resolution professional (RP) for Alok Industries to reconsider the resolution plan
Insolvency and Bankruptcy Code: Bankruptcy court admits lenders insolvency plea against Sterling Biotech – The Economic Times–12.06.2018
The bankruptcy court has admitted the insolvency plea against Sterling Biotech filed by Andhra Bank – a move by banks to recover their dues amidst probe by
Insolvency Code: what’s new – The Hindu–12.06.2018
Last week, President Ram Nath Kovind gave his nod to promulgate the Insolvency and Bankruptcy code (Amendment) Ordinance 2018. S. Dhanapal, senior partner,S. Dhanapaland Associates, decodes
insolvency and bankruptcy process: Companies under insolvency process to face additional surveillance from June 11 – The Economic Times–10.06.2018
As per the BSE, the “surveillance measures shall be in conjunction with all other prevailing surveillance measures” being imposed by the exchanges from time to
Insolvency & bankruptcy: Focus on resolution and not liquidation, says IBBI chief MS Sahoo – The Financial Express–10.06.2018-R
At a time when a majority of companies headed for resolution under the Insolvency and Bankruptcy Code (IBC) have been slipping into liquidation, M S
Shashi Tharoor is the victim of a flawed law–Times of India–10.06.2018
Congress politician Shashi Tharoor is going to be tried for abetment of the suicide of his wife Sunanda. I will not go into the details
Homebuyers: From ‘worst sufferer’ to at par with lenders, Arun Jaitley explains how IBC Ordinance helps – The Financial Express–09.06.2018
As President Ram Nath Kovind gave his nod to the Ordinance making amendments to the Insolvency and Bankruptcy Code (IBC) on Wednesday, the homebuyers got
Resolution plan for IVRCL: RP receives EoI from some applicants – The Financial Express–09.06.2018
The RP will review these EoIs to ensure that the same are according to the provisions of the Insolvency and Bankruptcy Code. As part of
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