Ujjivan SFB listing to have impact on holding company as well: Hemang Jani, Sharekhan
Ujjivan Small Finance Bank’s overall operating performance has been decent and in terms of NPL quality, it is about 0.85 net NPL.
Cabinet clears more amendments to IBC; to ring fence successful bidders from risks
The Insolvency and Bankruptcy Code (IBC), which came into ...
Suraksha Realty raises objections to lenders, IRP for not putting highest bid on vote
On Tuesday, Suraksha Realty wrote to both Interim resol...
IBC to be amended to protect new owners of bankrupt companies
The Cabinet is likely to approve relevant changes to the three-year-old Insolvency and Bankruptcy Code at the earliest. This will bring much-needed confidence to buyers of distressed assets, acquirers who were otherwise wary about the over-reach of the investigative authorities. Amendments to the IBC, which came into effect in December 2016, will require eventual parliamentary approval.
Parliamentary panel flags staff shortage at SFIO, Competition Commission
The SFIO and the CCI are among the institutions under the ministry that are well short of their respective sanctioned strength. In a report tabled in Parliament on Tuesday, the Standing Committee on Finance noted that the ministry's various regulatory entities are critically important for a smooth-functioning economy.
10,860 cases under IBC pending before NCLT at the end of September: Govt
"As per the data provided by National Company Law Tribunal (NCLT), total 19,771 cases were pending with NCLT benches on 30.09.2019, which include 10,860 cases under Insolvency and Bankruptcy Code (IBC), 2016," Minister of State for Finance and Corporate Affairs Anurag Singh Thakur said in a written reply to the Rajya Sabha.
Work is on to amend IBC to address cross-border insolvency: M S Sahoo
"There is proposal to amend the IBC to provide for such cases like cross border insolvency," the IBBI chief said.
Homebuyers' lobby urges PM to prevent IBC dilution
Under IBC, a promoter can file for insolvency proceedings before the NCLT against himself.
Suraksha Realty hopeful of getting favourable vote of lenders, home buyers on Jaypee bid
A Committee of Creditors (CoC) on Saturday decided that home buyers and lenders of Jaypee Infratech will vote on the bids of state-owned NBCC Ltd and private sector firm Suraksha Realty at the same time.
Is IBC the best way to treat bankrupt financial institutions? Here are some clues
For financial firms the appearance of stability is important as customer behaviour could change quickly.
Financing arrangement likely by month-end: RIL in talks for Rs 5,000-crore loan to take over Alok Industries
RIL is in talks with State Bank of India, HDFC Bank and ICICI Bank for financing. RIL won the right to buy Alok Industries in the Insolvency and Bankruptcy Code process in March this year. The Ahmedabad bench of the NCLT had approved the sole RIL bid, made together with JM Financial Asset Reconstruction Co, which had promised to pay Rs 5,050 crore to take over Alok.
CDS data hint at upside for lenders
This suggests overseas investors expect banks to only get financially sounder from here, said analysts.
Law firms are laughing all the way to the bank amid swelling IBC, GST cases
There's no slowdown for lawyers: In just the past two years, the legal sector's fee income has jumped by 62%.
Business decisions taken by bank officials won’t be questioned: PM
The PM said his government is promoting professionalism especially in civil services.
First personal insolvency petition filed in Amaravati
Omkaram Venkata Ramana, who had stood personal guarantor to five firms that defaulted on Rs 38.66 crore of bank loans, filed the petition to initiate personal insolvency resolution process, which his counsel said would entitle him to an interim moratorium on all his liabilities.
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