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
Category: Legal
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
IBC Process: NCLT gives Ruchi Soya another 90 days – The Financial Express–09.06.2018
Claims worth Rs 9,119 crore from financial creditors of Ruchi Soya had been admitted by the NCLT as on May 18, 2018. The Mumbai bench
Videocon case: NCLT hears State Bank of India petition | The Indian Express–08.06.2018
On June 6, another bench of NCLT admitted a plea from SBI to initiate a resolution process against Videocon Industries Ltd, the flagship firm of
NCLT admits Videocon case; Venugopal Dhoot says banks to recover 80% debt – The Economic Times–07.06.2018
The National Company Law Tribunal (NCLT) has on Wednesday admitted Videocon IndustriesNSE -4.74 % under the Insolvency and Bankruptcy Code, and the debt-ridden firm is hopeful that its lenders
Adhunik Metaliks case: NCLT reserves order on extra time – The Financial Express–07.06.2018
The Kolkata bench of the National Company Law Tribunal (NCLT) on Wednesday reserved its order over the issue of exclusion of requisite number of days
Amtek case: NCLT reserves order on Liberty House eligibility – The Financial Express-07.06.2018
The Chandigarh bench of the National Company Law Tribunal (NCLT) has reserved its order on whether Liberty House was eligible to bid for the bankrupt
IBC’s blind spot: Rights of operational creditors need to be spelt out | Business Standard Editorials–06.06.2018
As the first exercise of its kind in India, the Insolvency and Bankruptcy Code (IBC) has been a work in progress, entailing periodic adjustments to
Insolvency and Bankruptcy Code Monitor: Legal challenges hold up progress in most cases | The Indian Express–06.06.2018
Bhushan Steel’s acquisition by a Tata firm only success story so far. While the Insolvency and Bankruptcy Code (IBC) has ushered in significant urgency in
Financial Products and Services: RBI launches Financial Literacy Week, focus on consumer protection – The Economic Times–05.06.2018
The Reserve Bank of India today launched Financial Literacy Week across the country with customer protection as its main theme. The event will focus on creating awareness among customers
Vedanta enters steel with acquisition of Electrosteel Steels, to hold 90% | Business Standard News–05.06.2018
Anil Agarwal-promoted Vedanta Ltd announced on Monday that it has acquired the control of Electrosteel Steels Ltd (ESL) under a resolution plan that became effective Monday. “Pursuant
With riders: Sebi exempts IBC firms from delisting norms | The Indian Express–05.06.2018
Certain relaxations have also been extended to insolvent entities with respect to regulations pertaining to substantial acquisition of shares and takeovers as well as issue
Don’t finalise Binani Cement asset sale till further orders: Supreme Court | The Indian Express–05.06.2018
The Supreme Court Monday restrained finalisation of the sale of assets of the bankrupt Binani Cement without its prior approval. However, it allowed the debt
SC restrains finalisation of Binani Cement asset sale till further orders–Deccan Chronicle–05.06.2018
The Supreme Court on Monday restrained finalisation of sale of assets of Binani Cement Ltd without its prior approval but allowed the debt resolution process
Insolvency: Binani Cement submits UltraTech plan for NCLT approval | Business Standard News–02.06.2018
After the resolution professional (RP) of Binani Cement submitted the resolution plan of UltraTech Cement’s Rs 79.60 billion offer for approval from the Kolkata bench of the
Land Transfer: NCLAT admits JAL plea against NCLT order – The Financial Express–01.06.2018
The National Company Law Appellate Tribunal (NCLAT) on Thursday admitted Jaiprakash Associates’ (JAL) plea challenging the Allahabad National Company Law Tribunal’s (NCLT) May 16 order
RCom | Jio: NCLAT puts RCom’s insolvency on hold, allows lenders to complete deal with Jio–31.05.2018
Reliance Communications agreed to pay Rs 550 crore to Ericsson to settle an eight-month legal dispute over dues, paving the way for the Anil Ambani-controlled