The judges could have considered the fact that the Insolvency and Bankruptcy Code (IBC) is in its early days—the government has amended it once already,
Category: Legal
NCLAT adjourns hearing on Reliance Infratel asset sale to May 2–24.04.2018
The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned to May 2 its hearing on the Reliance Infratel petition seeking permission to sell its
IBBI must thwart bankruptcy getting stymied–23.04.2018
The rules set to implement the Insolvency and Bankruptcy Code would appear to be in conflict with the public policy goal of securing the highest
Right to equality can be invoked if COC violates IBC: NCLT Chairman – The Economic Times–22.04.2018
National Company Law Tribunal (NCLT) Chairman Justice M M Kumar today said that Article 14 of the Constitution (right to equality) can be invoked if the committee
NCLAT refuses stay on Binani Cement proceedings at Kolkata NCLT – The Financial Express–22.04.2018
The National Company Law Appellate Tribunal (NCLAT) today refused to stay the NCLT proceedings on the resolution process of debt-ridden Binani Cement. The appellate tribunal,
RP tells NCLT Rewant Ruia end beneficiary of Numetal – The Financial Express–22.04.2018
According to the RP, on the date of submission of the Numetal Resolution plan, (Feb 12, 2018), the shareholding of the applicant was: 40% held
Bankruptcy: View: India turns a bad-loan tragedy into a bankruptcy farce – The Economic Times-21.04.2018—–*****
India’s banks have waited for more than a decade for a modern bankruptcy code. By Andy Mukherjee Want to screw up a good law? Just
Arbitration and Conciliation (Amendment) Bill, 2018: A missed opportunity?–Business Today–20.04.2018
Government’s efforts to improve India’s rank on the index of ease of doing business and ease of dispute resolution are aimed at improving the business
Multi-layered protection against ecommerce fraud ? | Deccan Herald–20.04.2018—–*****
Payment choices are expanding. Data security tools are advancing and cyber criminals are adapting. Fraudsters are becoming increasingly sophisticated and more efficient in identifying and
Not sure if Aadhaar is best model to accord benefits, says Supreme Court – The Financial Express–20.04.2018
The Supreme Court today said it was not sure whether bringing people “face to face” with authorities through Aadhaar was the best model as the
Aadhaar’s biometric authentication can be misused, says Supreme Court – The Financial Express–19.04.2018
If biometric authentication is attached to every transaction entered into by a person, it would “form a wealth of information” necessitating the need for data
Digital threat: Govt needs to shore up cybersecurity infrastructure | Business Standard Editorials–19.04.2018
Given the strong emphasis on the Digital India Initiative and the massive reliance on information technology (IT) to run key policy measures, such as the
Insolvency: Electrosteel becomes first of ‘Dirty Dozen’ to be resolved under Insolvency Code–18.04.2018
Anil Agarwal, chairman of the Vedanta Group told BloombergQuint that the Vedanta Group would look to complete the process of taking over Electrosteel Steels very
Motor insurance: Why 3rd party cover is not enough for your car – The Financial Express–18.04.2018
From this month, the mandatory third-party premium for cars with engine capacity of less than 1,000 cc has been reduce from Rs 2,055 to Rs
Aadhaar data breach can influence election results: Supreme Court–18.04.2018
Senior counsel, Diwedi submitted that technology is advancing and we have limitations of understanding such developments. Justice Chandrachud told the counsel ‘merely because of limitations
IDBI Bank: NCLT admits S Kumars for insolvency proceedings–Economic Times–17.04.2018
The Mumbai chapter of the National Company Law Tribunal (NCLT) last week admitted textiles and apparel company S Kumars NationwideNSE 20.00 % for insolvency proceedings after the state-owned IDBI
Alok Industries: Alok lenders reject Reliance Industries-JM Financial ARC’s revised offer – The Economic Times–17 04 2018
Lenders to Alok IndustriesNSE -9.76 % have rejected a revised offer by Reliance Industries-JM Financial ARC to acquire the bankrupt company, implying that the borrower may head
RBI should stay firm on bankruptcy norms–Economic Times–17.04.2018
The finance ministry reportedly wants the Reserve Bank of India (RBI) to ease the norms for bad loans, ostensibly to prevent mass corporate distress. This
Insolvency and Bankruptcy Code: There is no alternative to the process – The Financial Express–17 04.2018
The Supreme Court’s disinclination to interfere in the Insolvency and Bankruptcy Code (IBC) process and entertain a petition by Binani Industries to terminate insolvency proceedings
Binani: SC order a new opportunity–Economic Times–16.04.2018
When Binani Cement moved the Supreme Court seeking to exit the resolution process under the Insolvency and Bankruptcy Code (IBC) overseen by the National Company
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