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Feb 26, 2021 10:49 AM IST In September 2020, DGCA and the Ministry of Civil Aviation had said that the slots were temporarily allotted to other airlines.
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Feb 24, 2021 01:05 PM IST The Kalrock-Jalan consortium was declared the winning bidder for Jet Airways by the creditors' committee in October last year.
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Feb 24, 2021 09:35 AM IST Subsequent to sale of its assets, Altico will surrender its NBFC license to RBI
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Jan 20, 2021 02:32 PM IST Potential acquirers don’t need to worry now about criminal proceedings post resolution
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Jan 19, 2021 08:45 PM IST The Supreme Court upheld the validity of IBC Act 2020, saying sections 3 and 10 of the Act do not violate the right to equality under Article 14 of the Constitution. However, homebuyers say decision is a big blow as it will now be difficult to initiate IBC proceedings against builders.
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Jan 12, 2021 01:50 PM IST Since the government's effort has been towards increasing the ease of business, it would be prudent to establish mechanisms that enable interested parties to conclude proceedings speedily
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Jan 09, 2021 10:02 AM IST The panel, led by Insolvency and Bankruptcy Board of India (IBBI) chairperson MS Sahoo, has invited public comments on the proposed amendments.
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Oct 29, 2020 01:31 PM IST It has also directed that High Courts will not entertain any new petitions in this regard
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Oct 19, 2020 03:51 PM IST Oaktree Capital is said to have offered the highest recovery for lenders by far and maybe a natural choice. However, banks are planning to negotiate the offer higher and would hold discussions with the bidders over this week
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Oct 18, 2020 07:59 PM IST DHFL was the first finance company to be referred to NCLT by the RBI using special powers under section 227.
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Sep 25, 2020 06:57 PM IST Earlier this year, the government had suspended fresh bankruptcy filings under the IBC for a period of 6 months starting March 25, 2020, corresponding with the announcement of the nationwide lockdown.
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Aug 27, 2020 01:37 PM IST Anil Ambani earlier moved the Delhi High Court against the appointment of a resolution professional (RP) on the personal guarantee given by him against a loan taken by Reliance Communications Ltd (RCom) and Reliance Infratel Ltd (RITL) from SBI.
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Aug 26, 2020 02:26 PM IST The RBI said the Aircel resolution plan did not conform to the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act, 2002
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Aug 20, 2020 01:15 PM IST Sebi’s proposals seek to prevent a repeat of the embarrassing spike in Ruchi Soya’s share price, improve post-resolution disclosures and includes a sop for acquirers
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Jul 20, 2020 12:49 PM IST Aggregate value of debt being addressed is now estimated as over Rs 57,000 crore – with around Rs 50,500 crore likely to be addressed by March 2021
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Jun 04, 2020 04:43 PM IST New insolvency proceedings initiated in FY22 are unlikely to get resolved in the same fiscal, ICRA said in a report.
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Jun 03, 2020 03:44 PM IST This will be applicable for NPAs (non-performing assets) after March 25. This was one of the proposals Finance Minister Nirmala Sitharaman had announced in her series of press conferences on the Rs 20 lakh crore economic package.
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May 27, 2020 12:12 PM IST Of the total 12 cases that were directed to the Insolvency and Bankruptcy Court by the Reserve Bank of India (RBI) in 2017, a resolution has been arrived in six cases while liquidation orders were passed against two companies.
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May 27, 2020 10:24 AM IST Even as the number of cases filed under the corporate insolvency process keeps rising, liquidation occurs more often
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May 19, 2020 09:41 AM IST Even in developed jurisdictions, none have suspended ability of debtor companies to submit themselves to the insolvency process
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May 19, 2020 07:55 AM IST Measure does little to boost housing sales and may curtail remedies available to homebuyers, say legal experts
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May 17, 2020 03:57 PM IST What does ‘COVID-related debt’ mean for the banking sector? How does a bank decide whether a loan is defaulted due to the coronavirus pandemic or not? To begin with, there are chances of rampant misuse of the definition by companies.
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Apr 28, 2020 11:41 AM IST The main advantage of the IBC is that it lays out a clearly defined process that seeks to keep the business as a going concern
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Apr 22, 2020 11:58 AM IST The current crisis demands not the suspension of the IBC, but a shift from the presumption against the promoters and management as the wrong-doers, and consequently the suspension of Section 29A of the code
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Mar 16, 2020 03:07 PM IST The government is reportedly considering forming dedicated NCLT benches to handle insolvency proceedings.