IBC AND LABOUR LAWS
The ‘headline-making’ judge: Of Tatas, Tagore, God and law
Meet NCLAT's Justice Sudhansu Jyoti Mukhopadhaya, whose Mistry ruling will soon be heard by the SC.
NCLAT seeks clarity from govt, agencies on JSW Steel immunity
ED had in October last year attached Bhushan Power and Steel’s Rs 4,025-crore w...
IL&FS plans equitable distribution of sale proceeds to creditors
Uday Kotak-led board has also proposed to release 55 group firms from morato...
NCLAT asks investigative agencies to clarify over JSW Steel's immunity in BPSL matter
A three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 stating whether after insertion of section 32 A in the Insolvency and Bankruptcy Code (IBC) last month, JSW Steel has immunity from the alleged fraud committed by the previous BPSL managemet.
Bad loan provisioning may swell by Rs 30,000 crore in Q3
DHFL, Reliance Home Finance, KKR-backed CCD and CG power could add to the woes of Indian banks .
Complete Alok Industries takeover: SBI to RIL
In March 2019, the Ahmedabad bench of the National Company Law Tribunal (NCLT) had approved the sole RIL-JM Financial ARC bid for Alok for Rs 5,050 crore. RIL wants to raise about Rs 4,550 crore through bank loans while infusing Rs 500-crore equity in the company.
No panic on D-Street after 4.5% GDP print; some expect Santa Rally ahead
"I was expecting a GDP growth figure below 4.5 per cent. For me, it’s a slightly better number."
Adani, NTPC in fray to acquire Avantha’s stressed power plant
This is the first time NTPC, the country’s largest power producer, has bid for any stressed project, while Gautam Adani-led Adani Power is on a buying spree, having recently acquired GMR Infrastructure’s 1,370 mw coalbased power plant in Chhattisgarh for a debt component of Rs 3,530 crore and equity outgo of Rs 1.
Liquidation process: Secured creditor cannot sell assets to entities ineligible for insolvency plan
The Insolvency and Bankruptcy Code (IBC) provides for time-bound and market-linked resolution process for stressed corporates.In case the resolution process does not materialise, then the entity goes for liquidation. An official release on Tuesday said the IBBI has notified changes to liquidation process regulations.
Jet Airways' creditors decide to seek fresh bids
Earlier this month, the National Company Law Tribunal (NCLT) had directed the CoC to expedite their decision on seeking fresh EoIs in view of new interest being shown for the grounded airline.
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.
Indiabulls Realty’s western region legal head joins boutique law firm RGM Legal
RGM Legal focuses mainly on structuring, corporate M&A, PE, venture capital and Fintech space and with Shah joining the firm, it will have real estate transaction and dispute resolution practice to cover commercial disputes, insolvency & bankruptcy (IBC) and arbitration amongst other things.
Personal guarantor insolvency under IBC from December 1
According to the Supreme Court’s recent ruling in the Essar Steel case, overturning an order of the National Company Law Appellate Tribunal, claims against a personal guarantor would not extinguish once a resolution plan for the corporate debtor was approved.
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.
Essar Steel: Mittals seek immunity from probes
Worries stem from BPSL case, where ED attached assets of the company after it was taken over by JSW Steel.
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