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BANKRUPTCY VALUATION RULES
New valuation rules seek fairer outcomes in bankruptcy casesNew Delhi: The bankruptcy regulator has issued a circular for standardized valuation of companies under the Insolvency and Bankruptcy Code....
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...
From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
NCLT approves resolution plan for Satra Properties, dismisses valuation objectionsThe National Company Law Tribunal (NCLT) in Mumbai approved the Rs 184 crore acquisition of bankrupt Satra Properties by a consortium of MJ...
IBBI seeks to tighten the noose around guarantors of bankrupt firmsThe Insolvency and Bankruptcy Board of India (IBBI) has proposed changes in the resolution plan process to hold guarantors accountable, fol...
Mamaearth parent's muted market debut, early investors clock gains; Xpressbees bags $80 millionHonasa Consumer had a rather flat debut on the stock markets today, opening at a 2% premium to its issue price. This and more in today’s ET...
Stronger valuation rules in works for assets under IBCLast month, Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mittal had pitched for a globally-accepted, "well-structured and ...
Rules for Indian financial sector need to be reviewed to realise economy's growth potential, says Uday KotakReserve Bank of India (RBI) rules restrict Indian banks from lending to companies for takeovers. The Indian central bank always viewed lend...
Government mulls setting up national institute of valuers on the lines of ICAIThe valuation profession deals with valuation of various assets such as the plant and machinery or the land and buildings of a company amon...
Mumbai court to hear bankruptcy petitions against 15 Videocon companiesSBI had filed multiple pleas in different courts to initiate recovery proceedings against 14 other companies linked to the parent company.
Only registered valuers can do valuation under IBC from February 2019Valuation of assets is a key factor for an "informed decision making" under the Insolvency and Bankruptcy Code (IBC).
NCLT admits Venugopal Dhoot’s plea to consolidate insolvency casesNational Company Law Tribunal’s (NCLT) principal bench in New Delhi on Thursday admitted Dhoot’s plea and sought a reply from SBI by Octobe...
Bankruptcy: Government hints at new law for registered valuersThe insolvency professionals are very poor now. Unlike chartered accountants, company secretaries, cost accounts, who have been there for d...
Bankruptcy law will be tested in courts:Uday KotakKotak also said that it will take two or three years to figure out whether barring promoters from bidding for sick companies was beneficial...
IBBI registration must for asset valuations under bankruptcy codeAspirants will be required to clear the valuation examination for the three asset classes- securities or financial assets; land and buildin...
PSBs look to frame common rules to value stressed assetsNon-performing assets of PSBs have increased to Rs 7.33 lakh crore as of June 2017 from Rs 2.78 lakh crore in March 2015.
Government notifies rules for registered valuersThose entities, which are already carrying out valuation activities, have time till March 31, 2018 to get registered with the specified aut...
Government proposes strict norms for registered valuersA registered valuer is required to carry out valuation of assets, net worth of a firm or its liabilities as required under the Companies Ac...
- Grupo Mexico appeals against Asarco verdict
Grupo Mexico, the lone contender for Sterlite Industries in the race to acquire US-based mining company Asarco, has appealed in a bankruptc...
- Sterlite seeks revaluation of Asarco due to liquidity crisis
Sterlite's move to revise downward Asarco's valuation and the tight liquidity conditions currently prevailing globally have also fuelled sp...