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BABU SIVAPRAKASAM
Rs two lakh crore 'avoidance transaction' claims pending with NCLTsUnder the code, resolution professionals have powers to reverse any transaction entered by the debtor company before the IBC is invoked if ...- Maharashtra lockdown: Fear of IBC resolution process slowing, say expertsThe disposal rate in virtual trials is quite low and could add to the pendency of cases if the state’s restrictions persist for a longer du...
- Maharashtra lockdown stokes fears of delay in IBC resolution processThe disposal rate in virtual trials is quite low and could add to the pendency of cases if the state’s restrictions persist for a longer du...
- After RBI's ruling on troubled builders dues, Rs 20k-crore realty loans in for a rejigData suggests that nearly 174,000 homes are stuck in seven big India cities. Buyers displayed aversion towards under-construction projects ...
- Banks’ recoveries from IBC cases fallingHowever, promoters are also willing to pay up and settle the cases.
- RBI unlikely to challenge SC order, may revise circularThe central bank is unlikely to challenge the SC order.
- Legal fraternity divided over apex court order on NPA circularA detailed verdict is awaited as to what would be status of the resolution of those companies already arrived at under the circular.
- Banks uncertain about recovering their dues after FEO tag on Vijay MallyaLenders to Vijay Mallya seem uncertain about the fate of their dues after the beleaguered liquor baron was declared a fugitive economic off...
- Are home buyers secured financial creditors or unsecured creditors under IBC?Under IBC the difference between secured financial creditors and unsecured financial creditors mostly has an implication on the priority of...
- JSW steel seeks $1.5 billion war chestJSW Steel is in the race to acquire assets of Monnet Ispat and Bhushan Steel.
- Brookfield-Kotak bids for Jaypee’s power assetsBrookfield will own 90% of the assets, according to the proposal. Brookfield’s local partner Kotak will hold the remaining 10%, sources rev...
- Promoters will look to settle out of court, post IBC tweakOn November 22, President Ram Nath Kovind gave his assent to a new section in the IBC.
- Some promoters escape tight insolvency normsThis rule, which limits defaulting owners’ ability to buy back assets, is not retrospective.
- Beware corporate guarantors! You can't escape NCLTCorporate guarantee is no more to be presumed as a comfort undertaking as it leads to definite monetary obligations dragging the corporate ...
- Tribunal: No time limit for loan recovery under IBCThe decision may allow small-ticket lenders to recover their money.
- NCLT weeds out frivolous casesCases from trade creditors before the National Company Law Tribunals (NCLT) are now on the wane.
- Operational creditors first in line to use bankruptcy codeOperational creditors are suppliers of goods or services to a defaulting company.
- Buying a house? RERA likely to make 20:80 schemes unviableThe implementation of RERA is likely to mean the end of special financing schemes such as the popular 20:80 scheme. Read on to find out why.
- After SBI proposal, all public banks may get to share profits with staffState Bank of India’s proposal to share 3-5 per cent of net profit with its employees as an incentive may encourage the government to exten...
- SBI seeks government nod to share 3% of profits with its employees as incentiveThe state-run giant also plans to give stock options to employees above the rank of assistant/deputy general manager, hoping that it will h...
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