The National Company Law Appellate Tribunal (NCLAT) on Friday admitted Numetal’s plea against the decision of committee of creditors (CoC) of Essar Steel, which said
Category: Legal
Adhunik Metaliks: NCLT keeps issue of additional time open – The Financial Express–12.05.2018
The Kolkata bench of the National Company Law Tribunal (NCLT) on Friday kept the issue of exclusion of requisite number of days from the mandated
SC decision gives IBC process a fillip – The Financial Express–11.05.2018
The recent Supreme Court decision holding that the waiver of loan is not income in the hands of the borrower could not have come at
Binani Cement Insolvency: SC rejects Dalmia plea for stay on NCLAT order – The Financial Express–11.05.2018
The NCLAT’s interim order had stated that during the pendency of Dalmia Bharat’s appeal, the CoC can approve any plan it deems fit but that
NCLT reserves judgment on Monnet Ispat resolution plan – The Financial Express–11.05.2018
The Mumbai bench of the National Company Law Tribunal (NCLT) reserved its judgment on JSW Steel-Aion Investment’s resolution plan for Monnet Ispat after legal counsels
Binani sale: SC won’t interfere, pushes Dalmia Bharat’s plea back to NCLAT | Business Standard News–11.05.2018
The Supreme Court on Thursday showed for the second time its disinclination to intervene in the Binani Cement takeover case. Although it disposed of the plea by Dalmia
Banks bat for ‘Swiss Challenge’ method in IBC resolution cases ; Business Line–11.05.2018
In an effort to curb the crab mentality among litigious bidders to acquire stressed assets under the Insolvency and Bankruptcy Code (IBC), banks, in a
Even kin of independent directors should not have financial links with firms, promoters: Govt – Business Line–11.05.2018
In a bid to step up corporate governance practices, the government has tightened norms for independent directors so as to ensure that even their relatives
Bankers converting entire unsustainable debt portion into equity in bankruptcy referred companies–Business Today–10.05.2018
Kolkata-based Electrosteel Steels Limited, with debt of Rs 14,000 crore plus, recently became the first company from the dozen large distressed cases shortlisted by the
RERA needs better implementation | Deccan Herald–10.05.2018
Two years after the Real Estate (Regulation and Development) Act, 2016, was notified by the Centre and one year after it actually came into force,
Jaypee group deposits Rs 100 crore with Supreme Court’s Registry–Deccan Chronicle–10.05.2018
Crisis-hit Jaiprakash Associates has deposited Rs 100 crore in the Supreme Court’s Registry as per the court’s directions in a case related to delay in
Reform bankruptcy Rules, maximise value–Economic Times–09.05.2018
The Insolvency and Bankruptcy Board of India’s move (IBBI) to crowd source ideas to amend an evolving regulation is welcome. Novel ideas, especially from stakeholders,
Binani CoC to meet tomorrow – The Hindu–09.05.2018
The Committee of Creditors (CoC) of Binani Cement Limited (BCL) will meet on Thursday, May 10 to decide on the ₹8,000 crore bid by Kumar
Insolvency and Bankruptcy Code: Government considers time limit for withdrawal of cases under IBC ; The Economic Times–08.05.2018
Companies referred to bankruptcy courts may not be allowed to leave the process once bids have been invited or a resolution plan has been accepted. The government
Insolvency: Promoters submit Rs 100 bn revival plan for Jaypee Infratech | Business Standard News–08.05.2018
Jaypee group chairman Manoj Gaur made a fresh effort to gain back control of Jaypee Infratech — a real estate company for which another firm has already been named the
Binani Cement lenders to meet on Wednesday to mull UltraTech revised offer | Business Standard News–08.05.2018
The Committee of Creditors (CoC) of Binani Cement is likely to meet on Wednesday this week to consider the revised offer of Rs 79.60 billion from UltraTech Cement for
From canteen workers to arbitration, here are the key court orders | Business Standard Column–08.05.2018
If an insurance policy states that repudiation of a claim or denial of the insurer’s liability cannot be referred to arbitration, the insured person cannot invoke arbitration
Insolvency regulator shows teeth – Business Line–08.05.2018
Sending a strong signal, insolvency regulator IBBI’s Disciplinary Committee (DC) has suspended the registration of an insolvency resolution professional (IRP) Bhavna Sanjay Ruia for one
Mapping insolvency: ArcelorMittal may pay off dues as ‘goodwill gesture’ | Business Standard News–04.05.2018—-*****
ArcelorMittal made a strong pitch for eligibility before the committee of creditors (CoC) on Wednesday, but if asked to pay dues on account of defaulting companies,
E-way Bill: Digital copy of E-way bill enough to give transporters right of way: Court–Economic Times–04.05.2018
Tax authorities cannot seize goods just because they-’re not accompanied by a physical copy of the electronic way bill (eway bill), the Allahabad High Court said in
aniltikotekar4sme.com 