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FINANCIAL CREDITOR STATUS
How SK Hynix's bet on a niche memory chip made it more valuable than SamsungSK Hynix has risen to claim the title of South Korea's most valuable company, a testament to its visionary 14-year investment in high-bandw...- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- SC restores SBI-led lenders' rights in Reliance InfratelThe Supreme Court has reinstated the SBI-led consortium as financial creditors of Reliance Infratel. The consortium is owed ₹3,628 crore. T...
- 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' ...
- Homebuyers' maintenance societies, RWAs can't intervene in insolvency process of developer firm: SCThe Supreme Court has ruled that homebuyers' societies and Resident Welfare Associations cannot intervene in the insolvency proceedings of ...
- Govt considers giving financial creditor status to insurers issuing surety bond during resolutionThe Indian government is considering changes to the Insolvency and Bankruptcy Code (IBC) to give insurers the same status as banks in cases...
- Farmers move NCLT over Bajaj Sugar insolvency processThe country's largest sugar manufacturer helmed by Kushagra Bajaj is facing an insolvency lawsuit from the state-owned bank.
- Sebi seeks 'secured creditor' tag for SSFsIndia's capital-markets regulator wants Mint Road and North Block to give special situation funds (SSF) the status of secured creditors, po...
- Essar Steel order will bring certainty to resolution process: FicciUpholding of the doctrine that financial creditors will rank ahead of operational creditors bodes well for the Indian banking industry as w...
- Look forward to close Essar Steel acquisition soon: ArcelorMittalThe verdict came on a plea of the committee of creditors challenging NCLAT's order of July 4, in which it had approved steel tycoon Lakshmi...
- SC upholds IBC amendments giving financial creditor status to homebuyersHomebuyers will have a say in Committee of Creditors and they can also initiate insolvency proceedings.
- ET Explains: All about Essar Steel case and the latest twist in the taleThe company had been put on the block under IBC to recover over Rs 54,547 crore of unpaid dues.
- Status quo on Essar Steel sale for nowCoC, SBI, ICICI, Arcelor had objected to NCLAT order directing financial & operational creditors be treated on a par.
- Ruchi Soya: Resolution may be delayed as NCLT wants to study impact of revised NLCAT order on Essar SteelThe tribunal observed that the NCLAT order has changed the entire outcome for all stakeholders and is like a formula with clear-cut directi...
- Essar Steel posts EBITDA of Rs 2,000 cr, may 'utilise funds' towards financial creditors' claimsThe CoC had challenged the orders of the NCLAT of March 18 and March 20 before the Supreme Court by filing an SLP.
- Supreme court halts ArcelorMittal payment to buy Essar SteelThe NCLAT had approved ArcelorMittal's bid for Essar Steel in a huge relief for the lenders.
- 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...
- Not easy for home buyer to recover from defaulting builder under IBC: NCLT President"Homebuyers, after becoming financial creditors, under the IBC (after amendments) may no be a happy lot," Justice Kumar said.
- Homebuyers, be careful, bankruptcy stops short of empowering you fullyExperts say the amended law will benefit homebuyers only at the resolution stage so they should try to turn around the company instead of g...
- NCLT rejects Exim Bank’s claim of Rs 625 crore on JEKPLThe bank had invoked its claim on March 30, almost two weeks after corporate insolvency resolution process (CIRP) was initiated against the...
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