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About 136 results for "ibc"

News digest: Farmers call off protest, insolvency plans, markets, and more
Business Standard

No reduction in approval of resolution plans after enactment o...

There is no reduction in submission of resolution plans after enactment of The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017. 8 (Eight) resolution plans have been approved by National Company Law Tribunal (NCLT) after coming into effect of ... PIB, 4 days ago

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Business Standard

Resolution professional doesn’t require nod of shareholders/members for insolvency resolution

Ministry vide its circular no. IBC/01/2017 dated 25.10.2017 clarified that Section 30 and 31 of the Code provide a detailed procedure from the time of receipt of resolution plan by the resolution professional to its approval by the Adjudicating Authority and ...
 PIB4 days ago Indianomics: Assessing IBC mechanism  Money Control1 month ago Lok Sabha passes Insolvency and Bankruptcy Code amendment bill  Business Standard2 months ago Bill on changes in bankruptcy code introduced in LS  Business Standard2 months ago
Business Standard

Changes in IBC may help ArcelorMittal place a fresh bid for Essar Steel

Insiders said both bids have failed the legal eligibility test, as ArcelorMittal held 29% stake in Uttam Galva Steels, an NPA for over a year Dev Chatterjee | Mumbai Last Updated at March 13, 2018 23:11 IST Illustration: Ajay Mohanty A panel set up by the ...
 Business Standard3 days ago
Business Standard

Experts laud equal footing to homebuyers and unsecured lenders under IBC

Close to 31,000 homebuyers of Jaypee Infratech and 41,000 of Amrapali's Silicon City project have appealed to the Supreme Court BS REPORTER | Mumbai Last Updated at March 12, 2018 14:41 IST Illustration: Ajay Mohanty The proposal to treat homebuyers at par ...
 Business Standard4 days ago

'Top business houses have spread themselves too thin'

'Some business families would probably have to revert to their core businesses, which the IBC will ensure.' The Insolvency and Bankruptcy Code will ensure that old business houses that have invested in multiple areas will cut back and refocus on their core competencies, says Jaspal S Bindra, executive chairman, Centrum Group. "New entrepreneurs are welcome, but not necessarily at the cost of the old ones," Bindra -- formerly Standard Chartered Bank's Asia chief -- bottom, left, tells Anup Roy.
 Rediff.com1 week ago
Money Control

Madras High Court stays proceedings before NCLT in Nissan-Renault case

The petition was transferred to the NCLT under the new Insolvency and Bankruptcy Code (IBC).
 Money Control1 month ago Videocon Industries moves Bombay HC against SBI, RBI; hearing today  Business Standard1 month ago Videocon Industries to challenge NCLT proceedings against it in Bombay HC  Money Control1 month ago
Business Standard

Steel, cement asset bidders can take CCI nod after win, say experts

Bidders, however, are of the opinion that the IBC process should be exempted from CCI regulations, like the earlier Board of Industrial and Financial Reconstruction cases Dev Chatterjee | Mumbai Last Updated at February 16, 2018 00:14 IST Tata Steel, JSW ...
 Business Standard4 weeks ago
Business Standard

Revised RBI norms to clean up NPAs in one go: Financial Services Secretary

Bankers said RBI wants IBC main tool for resolution where banks fail to reach a consensus Press Trust of India | New Delhi Last Updated at February 14, 2018 00:41 IST Rajiv Kumar Expressing the government's firm commitment to deal with the NPA problem, ...
 Business Standard1 month ago RBI’s move to end recast schemes to shoot up NPAs: Icra  DNA5 days ago RBI issues revised guidelines for expeditious resolution of bad loans  News on Air1 month ago RBI notifies revised framework to deal with bad loans  Business Standard1 month ago

Cabinet gives ex-post facto approval for IBC amendments

The Union Cabinet chaired by Prime Minister Narendra Modi gave its ex-post facto approval for the amendments that were made in the Insolvency and Bankruptcy Code (IBC).Ex-post facto approval has been given by the Cabinet to the modifications carried out ...
 Business Standard1 month ago
Business Standard

RBI monetary policy LIVE: RBI keeps repo rate at 6%, flags inflation risks

RBI sees pick in credit growth due to bank recapitalisation and resolution proceedings under IBC BS Web Team | New Delhi Last Updated at February 7, 2018 15:29 IST RBI Governor Urjit Patel Having a fiscal stance conducive to achieving 4% CPI target is ...
 Business Standard1 month ago
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