Page 19 - Ibc

MFs unlikely to get priority in DHFL refund, haircut imminent: Experts

Experts are also of the view that the fund houses would have to take a haircut, much against their wish of incurring any such paring down of their refunds

Govt may amend IBC, go for buyer protection and stricter homebuyers' norms

In October, Corporate Affair Secretary Injeti Srinivas said the ministry is mulling setting up of a threshold for home buyers for starting insolvency proceedings against real estate developers.

Ruling in Essar case a watershed moment in insolvency law, says IBBI chief

The Insolvency and Bankruptcy Code, 2016 envisages closure of a corporate insolvency resolution process in a time-bound manner

A test case

DHFL resolution will strain IBC, but is systemically vital

RBI to supersede DHFL board, approach NCLT for bankruptcy proceedings

The central bank said it had appointed R Subramaniakumar, ex-MD and CEO of Indian Overseas Bank, the administrator for DHFL

Mutual funds will join DHFL's IBC resolution process: Sebi chief Tyagi

Mutual funds, which have lent substantial sums of money to DHFL had not joined previous attempts at resolution, after financial woes at the company came to light

Ahead of bankruptcy process, RBI puts DHFL board under administrator

The announcement comes after the government last week empowered the RBI to refer stressed NBFCs and HFCs having assets worth of at least Rs 500 crore to insolvency court

NCLAT gives Sterling promoters 30 more days to settle creditors' dues

The NCLAT had said it will not come in the way of the individuals such as promoters and directors

Govt paves way for insolvency resolution of financial service providers

Insolvency proceedings will be initiated only on an application by the appropriate regulator, who will be notified by the MCA, depending upon the FSP

Govt notifies insolvency rules for financial service providers' resolution

The move also comes against the backdrop of instances of various FSPs facing problems

Govt considers special window for resolution of stressed NBFCs under IBC

The move also comes against the backdrop of financial sector players like Dewan Housing Finance Corporation Ltd facing troubles

After DHFL crisis, centre to issue new rules to bring NBFCs under IBC

DHFL is one of the largest HFCs that ran into trouble last year soon after the collapse of IL&FS

Can financial creditor sell assets of firms in liquidation? NCLAT to decide

The judgment is likely to have a big impact on the insolvency process and will decide if errant promoters have one last shot at regaining control of their company and its assets, experts said

Save the bankruptcy code

Govt must step in to make necessary changes

NCLAT rejects plea for insolvency proceedings against Intex Technologies

The appellate tribunal observed that there was a pre-existing dispute between the firm and Intex Technologies, and the NCLT has rightly rejected it

Govt asks PSBs to look for alternative resolution mechanism outside IBC

Banks have also been asked to promote the disbursement of Mudra loans

Formula on cards to distribute insolvency funds: Corporate Affairs Secy

Srinivas said the "only problem" between financial and operational creditors during the litigation process in bankruptcy cases remains the amount of recovery that the creditors get

Resolving stressed financial firms

A resolution corporation is required for the failure of banks, insurance companies, and systemically important firms

PTC India Financial Services thermal energy exposure to go below 10%

PFS says it is shifting its focus towards renewable energy (RE), roads and transmission

Govt to soon unveil norms to protect winning bidders in IBC cases

Move to prevent reopening of claims, protect acquired assets