The Insolvency & Bankruptcy Board of India (IBBI) too has written to the insolvency professionals seeking a host of details on bidders The Ordinance to
Category: Legal
Revised IBC: Lenders brace for higher haircuts | Business Standard News–25.11.2017
Amendments to the Insolvency and Bankruptcy Code (IBC) are likely to make lenders take large haircuts as suitors drive a hard bargain to buy cheaper
Keeping promoters out could hit bankruptcy process, say lawyers – Times of India–25.11.2017
Debarring promoters from bidding for their own companies placed on the block in insolvency proceedings would dilute the competitive process, suppressing valuations, said lawyers and
insolvency ordinance: New insolvency ordinance: Will it hurt small companies? – The Economic Times–24.11.2017
Debt resolution for smaller companies may see higher challenges and number of companies going for liquidation may rise once the proposed changes to the Insolvency
Insolvency and Bankruptcy Code: IBC ordinance: Several companies say not ‘wilful defaulters’ – The Economic Times–24.11.2017
Several companies whose assets are facing insolvency proceedings today said they were not wilful defaulters and would like to participate in the bidding process if
bad loans: ‘Dirty dozen’ debtors lure big funds to their bad loans – The Economic Times–24.11.2017
Investing in India’s bad debt, however, entails challenges. There are questions as to whether the companies can meet deadlines under the new bankruptcy code to
Bankruptcy: Bankruptcy code changes comfort for new investors: Stakeholders – The Economic Times–24.11.2017
The President’s assent to the ordinance to amend the Insolvency and Bankruptcy Code (IBC) that will bar defaulters from bidding for the stressed assets on
Welcome move to tighten IBC norms–Economic Times–24.11.2017
It is welcome that the government has tightened the eligibility norms for bidding for companies being resolved under the Insolvency and Bankruptcy Code (IBC), to
Blow to wilful defaulters: Loan cheats thought they are smart but Arun Jaitley has stumped them – The Financial Express–24.11.2017
Essar Steel Ltd has a loan default of Rs 37,284 crore. In August, the National Company Law Tribunal (NCLT) admitted insolvency proceedings against it. Two months
Ordinance to amend bankruptcy code gets President Kovind’s nod | Business Standard News–24.11.2017
Wilful defaulters and entities whose accounts have been classified as NPAs will be barred from bidding for assets under the insolvency law, with the President
Full text: President Kovind gives assent to ordinance to amend IBC | Business Standard News–24.11.2017
The President of India has given his assent today to the Ordinance to amend the Insolvency and Bankruptcy Code, 2016 (the Code). The Ordinance aims
Jolt for errant promoters | Business Standard Editorials–24.11.2017
The presidential assent to the Ordinance effecting crucial changes to the Insolvency and Bankruptcy Code is a bold and clever step towards ensuring that the
Ordinance may lead to more litigation | Business Line–24.11.2017
The banking sector will be a major loser as the ordinance would reduce the number of bidders and minimise the scope for finding the right
‘IBC ordinance will affect pending suits’ – The Hindu–24.11.2017
The biggest concern regarding the amendments to the Insolvency and Bankruptcy Code (IBC) is that they will cause disruption in nearly all pending insolvency proceedings,
EFPO: SC ruling enables massive rise in private sector pensions – The Economic Times–23.11.2017
Every employee in the organised sector contributes 12% of basic salary and dearness allowance to EPF. The employer makes a matching contribution…. In his 37-year
Jaypee crisis: SC restrains JAL directors from alienating properties | Business Standard News–23.11.2017
The Supreme Court on Wednesday directed 13 directors, including five promoters of embattled Jaiprakash Associate Limited (JAL), not to alienate their personal properties and asked
Government likely to dilute proposed labour reforms | Business Standard News–21.11.2017
Under pressure from the ruling Bharatiya Janatiya Party’s trade union wing, the centre is likely to dilute many provisions of two of its main proposed
A fine balance — On the National Anti-profiteering Authority – The Hindu–21.11.2017
Over four months into the troubled implementation of the goods and services tax, the Centre has operationalised a provision in the GST law that has
High court judges, experts brainstorm on likely GST litigations | business-news | Hindustan Times–20.11.2017
With the Goods and Services Tax (GST) in place, 20 judges from 12 high courts brainstormed with experts and top government officials on identifying grey
FinMin asks banks to prevent defaulters from buying stressed assets–20.11.2017
To ensure success of bankruptcy process under the Insolvency and Bankruptcy Code (IBC), the finance ministry has asked banks to be vigilant to ensure that
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