Lenders to the bankrupt Essar Steel on Wednesday urged the National Company Law Appellate Tribunal (NCLAT) to speed up the resolution process as they were
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Power Mech seeks more time for Lanco’s insolvency resolution process | Business Standard News–07.07.2018
In the latest twist to the Lanco Infratech’s delayed insolvency resolution process, Vijayawada-based listed company Power Mech Projects Limited on Friday filed an interim application
IBBI insists on independence of resolution professionals – NEWS – Business Line–07.07.2018
Insolvency regulator IBBI has directed Insolvency Professional Entities (IPEs) to refrain from joining any panel of any market participant. The cautionary advice came in the
ICICI Bank vs SBI vs Others: NCLAT – 75% votes must to appoint or change resolution professional – The Financial Express–06.07.2018
The National Company Law Appellate Tribunal (NCLAT) has ruled that an interim resolution professional (IRP) can neither be appointed as the resolution professional (RP) nor
Insolvency process: IBBI rejigs norms, specifies timeline for resolution | Business Standard News–05.07.2018–*****
The IBBI has notified revised norms for insolvency resolution process paving the way for home buyers to seek relief as financial creditors, putting in place clear timelines to be
NCLT’s knuckle-raps have put insolvency resolution professionals under a scanner – NEWS – Business Line–05.07.2018–*****
The role of insolvency resolution professionals (IRPs) and their ability to handle day-to day affairs of bankrupt companies has come under the spotlight with the
Unlikely the new plan will work as well as the IBC – The Financial Express–04.07.2018
The IBC route is as market-based and transparent as the new approach promises to be. The Sunil Mehta Committee’s suggestion that bad loans should be
NCLT rebukes SBI for “lackadaisical approach” – The Economic Times–29.06.2018
The National Company Law Tribunal’s Mumbai chapter has rebuked the country’s largest lender, State Bank of India, for its “lackadaisical approach” in sanctioning a Rs
Individual bankruptcy rules to take more time: All you need to know | Business Standard News–29.06.2018
Rules for individual bankruptcy might take still longer to come. A key official involved in framing it, says: “While insolvency provisions for companies would not create a
Bhushan Power bid: Liberty Steel banking on NCLAT decision – Business Line–29.06.2018
Liberty Steel is confident that its highest bid to acquire Bhushan Power and Steel will get the National Company Law Appellate Tribunal’s (NCLAT) approval even
NCLAT refuses to stay Electrosteel delisting – The Financial Express–28.06.2018
NCLAT refuses to stay Electrosteel delisting The National Company Law Appellate Tribunal (NCLAT) on Wednesday refused to stay the delisting of Electrosteel Steels shares by
IBC: Making way for reforms | Deccan Herald–28.06.2018
Kalpesh J Mehta, There has been a lot of buzz in the economy in the recent past on the amendment of The Insolvency and Bankruptcy
Expect some vanishing of export concessions | Business Standard Column–19.06.2018
India’s merchandise export rose to $309 billion in 2017-18 from $280 bn in 2016-17, says the Reserve Bank of India. Just over 10 per cent, which is
IBC delisting norms: Small shareholders ask Sebi for review | Business Standard News–08.06.2018
Minority shareholders are miffed at the lenient delisting process for companies facing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). According to sources, several investor protection
Relief for power sector as Allahabad High Court halts RBI’s NPA order – Business Line–02.06.2018
In a major relief, the Allahabad High Court on Thursday put on hold action against the power sector under the RBI’s stressed assets framework. By
Third party cover: Insurers critical of ministry directive on compulsory PUC | The Indian Express–01.06.2018
The Ministry directed insurers that “directions may please be complied without any exception”. “A compliance report to this Ministry may be submitted latest by June
IBC–India Inc’s debt woes open new career path – Business Line–27.05.2018-R
India Inc’s debt problem may soon lead to a new career opportunity for bright young professionals entering the job market in India. Insolvency regulator IBBI
Tata Steel’s takeover of Bhushan Steel: IBC’s ‘operational’ test case | Business Standard News–23.05.2018
A series of tweets from Piyush Goyal, the officiating minister in the ministry of finance, on Friday set the tone of government narrative on the
Crisis-hit Jaiprakash Associates says no fraud in providing Jaypee Infra’s land as collateral – The Financial Express–22.05.2018
Crisis-hit Jaiprakash Associates Ltd (JAL) today said the company provided certain land parcels of its subsidiary Jaypee Infratech as additional collateral to its lenders and
RCom: NCLT appoints IRPs for Rcom, units–Economic Times–21.05.2018
The insolvency tribunal has named three separate interim resolution professionals (IRP) from RBSA Restructuring Advisors LLP to run Reliance Communications (RCom) and its two units, Reliance Telecom Ltd. (RTL)
