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COMPLIANCE IN INSOLVENCY RESOLUTION
NCLT rejects insolvency plea against Noida Metro Rail Corporation over pre-existing disputesThe National Company Law Tribunal has rejected an insolvency plea against Noida Metro Rail Corporation. The tribunal found genuine disputes...- NCLAT dismisses Vedanta plea against Adani’s Jaiprakash Associates bid, upholds NCLT orderThe National Company Law Appellate Tribunal has dismissed Vedanta's challenges against Adani Enterprises' winning bid for Jaiprakash Associ...
- New creditor-led IBC framework to put in place safeguards for stressed firm's managementNew creditor-led insolvency rules will impose strict financial transaction limits on stressed companies, requiring committee of creditors' ...
- NCLAT declines interim stay on Adani's Rs 14,535-cr bid for Jaiprakash AssociatesThe Insolvency Appellate Tribunal has not granted an interim stay on Vedanta's challenge to the NCLT's approval of Adani Group's bid for Ja...
- IBBI seeks to strengthen due diligence on bidders' compliance with Section 29AThe Insolvency and Bankruptcy Board of India (IBBI) is enhancing the insolvency framework. Now, resolution professionals are required to su...
- Taxation reforms can help streamline insolvency resolution process: IIIPI studyA report by the Indian Institute of Insolvency Professionals of ICAI (IIIPI) has recommended tax, insolvency, and procedural reforms to imp...
- Insolvency framework amended to simplify complianceUnder the revised reporting framework, the existing nine forms will be compressed into five by removing duplication, streamlining data requ...
- IBC's recovery woes: How India can fix the leaks and not just patch the cracksThe IBC struggles with low recovery rates due to infrastructure issues at NCLT and lengthy resolution timelines. To improve, it suggests ap...
- IBBI proposes mandatory monitoring committees for resolution plansThe IBBI proposes monitoring committees to oversee resolution plans under IBC rules. These committees will ensure smooth implementation and...
- NCLT dismisses resolution for Rajesh Lifespaces' hotels business, orders rerunThe NCLT has dismissed the resolution plan for Rajesh Business & Leisure Hotels due to non-compliance and procedural irregularities. Stakeh...
- IBBI proposes compliance procedures for IPs, seeks stakeholder feedbackThe Insolvency Bankruptcy Board of India (IBBI) has proposed changes to the corporate insolvency resolution process (CIRP) forms and compli...
- Regulator plans to ease compliance burden on insolvency professionalsThe bankruptcy regulator, IBBI, aims to reduce the compliance burden on insolvency professionals overseeing stressed asset resolution witho...
- Future Retail's digital database prior to insolvency not available for verification, says Compliance OfficerUnder the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, listed companies are required to...
- IBBI penalises five debt resolution professionalsThe penalties came for various reasons, including dubious conduct.
- NSE imposes Rs 1 crore penalty on Electrosteel Steels for non-compliance of disclosure norms"The company is reviewing NSE's letter and seeking appropriate legal advice,"
- Vedanta wins bid to acquire Electrosteel SteelsThe closure of the transaction will be subject to compliance with applicable regulatory requirements and as per the final terms approved by...
- Sebi plans amending norms for cos undergoing insolvency proceedingsThe proposal comes at a time when there are increasing number of cases coming up under the IBC.
- IBBI bars insolvency professionals from outsourcing their responsibilitiesInsolvency professionals, who have the most crucial role in helping recover Rs 10L-cr worth of bad loans, will now be barred from outsourci...
- Sebi may ease takeover rules for stressed companiesThe committee comprises insolvency professionals, representatives of stock exchanges, Sebi, IBBI and other stakeholders.
- Shareholders can play spoilsport for lenders banking on resolution planAll significant decisions - such as offering preference shares to infuse funds into a defaulting company, selling properties - need to be a...
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