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EDUCOMP BANKRUPTCY
Changes to IBC finalised after months of talks, PMO approvalThe Corporate Affairs Ministry has finalized IBC amendments after PMO approval. These changes aim to speed up bankruptcy resolutions and im...- IBBI moots two-stage approval process to speed up rescue of bankrupt firmsThe Insolvency and Bankruptcy Board of India has suggested regulatory amendments like a two-stage approval for rescue plans, early takeover...
- New insolvency framework to be creditor-led: IBBI chairman Ravi MitalThe Insolvency and Bankruptcy Board of India (IBBI) is developing a creditor-led resolution framework to expedite the rescue of stressed fi...
- IBC may get a voluntary group insolvency mechanism soonIndia is introducing a voluntary group insolvency framework under the Insolvency & Bankruptcy Code to streamline the resolution of intercon...
- Haryana Police files chargesheet against RP in Educomp insolvency case“A whistle-blower exposed how Mehra was already in a consulting agreement with company Duff & Phelps and its undertaking Kroll and Associat...
- Punjab and Haryana High Court asks trial court to adjourn proceedings in Educomp caseThe Haryana Police had filed a chargesheet against Jain, Educomp's resolution professional (RP) Ashwini Mehra, and Tarun Bhatia, the managi...
- Supreme Court rejects Ebix’s plea to withdraw Rs 400 crore offer for EducompEbix has claimed that the RP withheld information about such investigations from it and has cited the investigations as one of the reasons ...
- SC asks NCLT, NCLAT to strictly adhere to IBC timelines, clear pending resolution plansThe NCLT had allowed the withdrawal application filed by Ebix under Section 60(5) of the IBC to withdraw its Resolution Plan submitted for ...
- Unlawful deals: Claims of Rs 1.6 lakh crore filed at NCLT by resolution professionals of companies gone bankruptThe list of companies whose RPs have filed such claims is said to include Aircel, Videocon, Reliance Communications, Jaypee Infratech, Lanc...
- After Yatra, Ebix sets sights on debt-hit IT firm TrimaxEbix is holding discussions with a consortium of lenders led by State Bank of India, the people said.
- Stakeholders of Tecpro, Educomp accuse promoters of flouting IBC rulesEight Capital has filed its objection against insolvency proceedings of Tecpro. In another matter, FIITJEE has made similar charges against...
- Stocks in focus on May 9, 2018Here is a list of top stocks that are likely to be in focus in today's trading session.
- World Bank arm seeks independent investigation into Educomp bankruptcyIFC’s petition was filed under Section 65 of the Insolvency and Bankruptcy Code, which covers “fraudulent or malicious” initiation of bankr...
- Educomp: Cautionary tale of a sudden fall from a star business to a bankrupt firmIt was a case of unbridled growth and the inability to manage it, leading to creative accounting, fudging of books. It’s almost similar to ...
- need2know: NPA norms, UltraTech offer & other macro triggers that should matter for market todayA look at top macro triggers that may move market on Monday.
- Auditor BDO flags rule violations in Educomp dealsLast month, Educomp lenders had unanimously cleared a proposal for its sale to Nasdaq-listed Ebix Inc at close to a 90% discount to the val...
- Final resolution plan for Educomp Solutions submitted to NCLTEbix Inc, a supplier of on-demand software solutions and e-commerce services to the insurance industry in offshore and custom software deve...
- FIITJEE, Extramarks seek more time from NCLT to bid for EducompFIITJEE and Extramarks, which have completed due diligence on the company, sought more time on the grounds that they were not provided with...
- Ebix leads the race to buy Educomp with Rs 325-crore bankruptcy offerEbix trumped a bid by little-known family office Boundary Holdings, which manages wealth for London-based investor Rajat Khare, a former Ed...
- Ebix, London-based investor in race to acquire Educomp SolutionsEbix and the London-based investor will be called for discussions and further negotiations after the offers are reviewed, according to peop...
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