India has improved its ranking in both the World Bank’s Ease of Doing Business and the World Economic Forum’s Competitiveness Index by more than 30
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Bhushan Power and Steel: NCLAT asks creditors’ panel to allow fresh offers by all bidders – NEWS – The Hindu BusinessLine
n a major setback to Tata Steel, the National Company Law Appellate Tribunal (NCLAT) has ordered the Committee of Creditors (CoC) of Bhushan Power and
Bhushan Power & Steel: NCLAT allows rebids by all – The Financial Express
Bhushan Power & Steel: NCLAT allows rebids by all The National Company Law Appellate Tribunal (NCLAT) on Wednesday allowed the three bidders — Tata Steel, JSW Steel
IBC ordinance was not to favour any corporate house: Goyal – The Economic Times
The minister also said that certain exceptions in the code have been made to help speedier resolution of stressed assets in the MSME sector. The
Send IBC bill to standing committee: Opposition in Lok Sabha – The Economic Times
The bill seeks to create monopoly as 2 or 3 steel companies would gobble up the industry and then there would be cartelisation, Ray said.
Only JSW Steel submits revised bid to Bhushan Power lenders – The Economic Times
Lenders of Bhushan Power & Steel have received only one revised bid –– from JSW SteelNSE 0.78 % –– for the bankrupt company as the other two
I-T dept can’t attach property being liquidated under IBC – Today’s Paper – The Hindu BusinessLine
Government agencies don’t have rights on the encumbered property of a company facing liquidation under the Insolvency and Bankruptcy Code, the Hyderabad High Court has
Lok Sabha passes Insolvency Bill – NEWS – The Hindu BusinessLine
The Lok Sabha on Tuesday gave its nod for the Insolvency and Bankruptcy Code (Second Amendment) Bill 2018 that seeks to replace the June 6
Speeding up the process: NCLT may move cases to other benches – The Financial Express
Speeding up the process: NCLT may move cases to other benches The Insolvency and Bankruptcy Board of India (IBBI) is considering allowing cases admitted by
NCLT allows merger of LLP, private companies – The Economic Times
In what could kick off a new wave of mergers and acquisitions and open a new frontier in the resolution space, Chennai National Company Law
File all NCLT petitions on shell firms by August, CBDT tells Income Tax department – The Financial Express
The Central Board of Direct Taxes (CBDT), in May, had directed the tax department to form a special team of officers to complete the task
Bhushan Power: Tatas, Liberty House will have to match JSWs ₹19,000-cr bid – The Hindu BusinessLine
Tata Steel and Liberty House, the incumbent lead bidders for the stressed Bhushan Power and Steel, will have to revise their bids upwards to stay
Sajjan Jindal’s JSW Steel revises offer for Bhushan Power to Rs 180 billion | Business Standard News
In a dramatic twist, Sajjan Jindal’s JSW Steel has revised its offer for Bhushan Power & Steel to Rs 180 billion, prompting the committee of creditors (CoC) to invite
Sajjan Jindal’s JSW Steel revises offer for Bhushan Power to Rs 180 billion | Business Standard News
In a dramatic twist, Sajjan Jindal’s JSW Steel has revised its offer for Bhushan Power & Steel to Rs 180 billion, prompting the committee of creditors (CoC) to invite
Stressed assets: Govt wants IBC relief for a dozen power projects | Evernote Web
he Centre, in its submission to the Allahabad High Court, could seek regulatory relief for a dozen power projects with an overall debt exposure of around Rs
Abduction to blackmail: Professionals hired to resolve bad loans face risks | Business Standard News-R
Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked
Tata Steel’s Bhushan Steel acquisition hits NCLAT hurdle, may get costlier | Business Standard News
Tata Steel’s acquisition of Bhushan Steel may hit a hurdle as the National Company Law Appellate Tribunal (NCLAT) will re-examine Tata Steel’s eligibility as a
NCLAT reserves order over Bhushan Steel, challenging sale to Tata Steel | Business Standard News
The National Company Law Appellate Tribunal today reserved its order over plea filed by former promoter of Bhushan Steel challenging the sale of the debt-ridden
One more NPA account resolved in just 5 days; bankrupt Amtek Auto goes to Liberty House – The Financial Express
Amtek Auto, which owes nearly Rs 12,000 crore, was among the 12 big accounts identified by the Reserve Bank of India. The National Company Law
One step back: NCLT rejects Jyoti resolution plan – The Financial Express
While the financial creditors of the company claimed Rs 8,226 crore, the NCLT has admitted claims worth Rs 7,625 crore. The Mumbai bench of the
