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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.
Haldiram's, Vedanta, Indonesia billionaire in race for Videocon
The process to find a buyer for Videocon started in August. All parties have ...
NBFCs with Rs 500 cr assets can go for insolvency resolution
RBI can now seek resolution of NBFCs having assets worth of at least Rs 500 cr u...
Market Movers: What changed for D-Street while you were sleeping
The index formed a similar indecisive candle on the weekly scale. A hold above 11,850 level is a must for any upside.
NCLAT asks Sebi to file reply on revised share delisting norms for cos under insolvency
The appellate tribunal has directed to list the matter on November 18 for orders.
NCLT directs to initiate insolvency proceedings against AVP Buildtech
A two-member NCLT bench has appointed an interim resolution professional (IRP) to run the affairs of the company and also declared moratorium, prohibiting the lenders from recovering any amount during this period.
IL&FS' PE arm IIRF moves NCLT against DB Realty
IIRF defaulted in repayment of Rs 108 crore. BSE-listed developer is one of the largest domestic realty-focused funds with investments in firms like Wadhwa Group, Noida Trade Towers and Aparna Infra Housing. IIRF is a part of the IL&FS Investment Managers (IIML), which has raised and managed over $3.5 billion.
Progress on stressed thermal asset resolution remains slow with only 10% of affected capacity resolved: ICRA
The all India electricity demand growth slowed down to 4.4% in the first six month of FY20, from 6% growth witnessed in the corresponding period of previous year. The slowdown can be attributed to lower demand from household & agriculture.
Brokerages maintain 'buy' on SBI, see up to 42% upside
Japanese brokerage, Nomura, said SBI’s Q2 asset quality beat its estimates.
India not on global investors’ radar in a big way right now: Punita Kumar Sinha
Most of the buy calls are going towards either China or other emerging or European markets.
Resolution delay forces banks to put NPAs on sale
Assets worth Rs 40,000 crore are up for sale in sectors such as power, roads, telecom in the first half of FY20. 34% of cases under IBC delayed as of June, up from 26% a year ago. The code is one of the signature reforms of the Modi govt.
New group insolvency framework in the works
The report also said that insolvency proceedings of companies which are not categorised as holding, subsidiary or associate but are intrinsically linked with other companies undergoing insolvency be similarly consolidated
NCLAT asks ED to release Bhushan Power's attached property
The National Company Law Appellate Tribunal (NCLAT) on Monday put JSW Steels Rs 19,700 crore payment to acquire Bhushan Power and Steel (BPSL) on hold and asked the Enforcement Directorate (ED) to release the BPSL's attached properties.
Move to new tax regime in Q2 may dent SBI, BoB earnings: Emkay
The brokerage said main private sector banks may shift to the new tax regime.
Jaypee Infratech undergoing insolvency but 'in good health': Manoj Gaur at AGM
Company officials said the company has more assets than liabilities and hoped it will get the project to deliver nearly 20,000 flats, which have got delayed by several years leaving thousands of homebuyers in lurch.
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