Page 45 - Insolvency And Bankruptcy Code

ED opposes dropping ongoing investigation against Bhushan Power and Steel

This is because the immunity provided by the new provision in the insolvency law is not applicable to the new promoter (JSW Steel)

Legislative adventurism

A proposal for a new law on bank resolution has already raised many troubling questions

IBBI amends voluntary liquidation norms, unclaimed dividends to go to CVLA

The Insolvency and Bankruptcy Board of India (IBBI) has notified changes to the voluntary liquidation process regulations

A luxury yacht and 5-year-old firm in middle of an unusual insolvency case

The luxury vessel has been docked on the banks of Hooghly for nearly a year without generating any business for the company

Jio, UVARC emerge top bidders for RCom assets with bids worth Rs 21,000 cr

Delhi-based UVARC has offered to pay about Rs 16,000 crore for the spectrum, real estate, and enterprise and data centre businesses of RCom and Reliance Telecom, which houses these assets

Banks, bankers may face fines for poor progress over RBI's June 7 circular

The fresh set of guidelines, which will usher in a stricter compliance regime, is in the works and could be in the public domain by end of March

SC agrees to examine validity of Centre's decision to amend IBC Ordinance

The bench issued notice to the Centre seeking its response on the pleas

NPA provisioning should be based on assessment: Srei Infra vice chairman

Sunil Kanoria Vice Chairman, Srei Infrastructure Finance Limited talks about some radical reforms in the banking sector

Changes in IBBI norms bar re-entry of ex-promoters in cos under liquidation

The amendment is in line with the intent of the Section 29A of Code preventing any sort of re-entry of ex-promoters

Will not face insolvency proceedings, says Anil Ambani's Reliance Infra

The executive mentioned earlier said with the payment of Rs 1,700 crore to lenders, RInfra would not need to go through an insolvency process

Top Headlines: India's economic growth to 'weaken', SC Maha verdict Tuesday

From DBS Bank on India's economic growth to Sena-NCP-Congress staking claim in Maharashtra, Business Standard brings you the top headlines of the day

Year in Review: Citizenship Act to Ayodhya verdict, key decisions of 2019

Days before curtains come down on 2019, we look at the key decisions and ideas that shaped the year

SC upholds IBC amendments, status of homebuyers as financial creditors

The bench said only genuine homebuyers can invoke insolvency proceedings against the builder and asked the Centre to file an affidavit taking the corrective measures

Despite relaxation in norms, 25 stressed power assets yet to be resolved

Of the 36 identified stressed assets, seven have been resolved through debt-restructuring schemes by lenders

Disqualified parties barred from liquidation process, says IBBI

Such persons will also not be eligible to enter into any settlement or arrangement with the creditors of the insolvent company under Section 230 of the Companies Act, the IBBI has clarified

Jaypee Infra's IRP approaches NCLT Allahabad for approval of NBCC's bid

Last month, NBCC won the bid to acquire Jaypee Infratech after financial creditors, including lenders and homebuyers, approved its resolution plan

Here's why Insolvency and Bankruptcy Code is a policy masterstroke

From 161 resolved cases, the realisable amount stands at over Rs 1.6 trn

Jet Airways lenders give time till January 15 for submission of EoIs

Jet has completed 180 days of its insolvency proceedings and has extended the corporate insolvency process by another 90 days.

SBI to float $2-bn distressed asset fund; to bring in global partners

The size of the distressed asset fund is expected to be on the lines of the government of India-backed AIF for distressed housing projects

Decade in review: How state-owned banks rose to the occasion amid crisis

At the start of the decade, the government was busy infusing stimulus packages to revive various sectors affected by the global credit crisis