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FUTURE ENTERPRISES IBC
Lord’s Mark Industries receives BSE listing approval under PPIRPLord's Mark Industries Ltd. achieved a historic first, securing stock exchange listing approval under India's IBC scheme of PPIRP. This sig...
Dalmia Bharat seals Rs 2,850 crore deal for JAL cement assets after Adani insolvency takeoverDalmia Cement has acquired key cement assets from Jaiprakash Associates for ₹2,850 crore. This deal, facilitated by the Adani Group's insol...
Lenders stuck as Adani's unconditional bid for JP Associates faces higher, conditional offersLenders of debt-laden JP Associates are facing a dilemma over Adani Enterprises’ ₹12,600 crore unconditional bid, which is not the highest ...
Regular IBC tweaks needed to address bankruptcy challenges, says Corporate Affairs MinistryThe corporate affairs ministry emphasizes continuous refinement of the Insolvency and Bankruptcy Code to address future challenges in corpo...
Future Enterprises gets bids for manufacturing units, insurance bizLenders had offered different parts of the company for sale after the initial attempt to sell the whole company failed to get substantial b...
IRDAI proposes flexible lock-in period for investors in insurance companiesEarlier, the IRDAI prescribed lock-ins based on the age of the insurer, with waivers granted only in extraneous situations. In certain case...
Massive opportunity in private credit space in India: S Sriniwasan, Kotak Alternate Assets“It is hard to put a number in terms of the volume of AIFs that has been raised but overall I would say on an annual basis private credit a...
Pre-pack scheme under IBC likely for large companies tooAs part of amendments to the IBC, the corporate affairs ministry will likely include the provision to extend the pre-packaged insolvency fr...
Jindal India throws its hat in the ring for Future Enterprises by submitting debt resolution planJindal (India) has submitted a debt resolution plan for Future Enterprises under the Insolvency and Bankruptcy Code (IBC) process. The comp...
Cultivating innovation: The role of IBC in nurturing India's entrepreneurial ecosystemThe IBC has established a structured framework for resolving insolvency, encouraging collaboration between creditors and debtors to seek mu...
Future Retail requests NCLT for gaining access to the inaccessible stores and warehousesThe company's resolution professional also requested the bankruptcy court to exclude 90 days from the company’s corporate insolvency resolu...
NCLT allows insolvency plea against Future EnterprisesBiyani's flagship company Future Retail, which operates large-format hypermarkets, is undergoing insolvency proceedings since last July; it...
Is the government strategically manoeuvring the IBC?Strangely, post the announcement of Bad Bank, the National Company Law Tribunal (NCLT) benches have been staffed sub-optimally. Fewer judge...
Future Enterprises faces second plea to initiate insolvency"The Company has received e-filing confirmation from NCLT with respect to the filing of an application by an Operational Creditor Retail De...
After deal with Reliance Retail collapses: Future lenders likely to go for Group insolvencyBank of India, Future Retail's lead lender, filed a petition seeking insolvency proceedings against Kishore Biyani's flagship company at th...
IBC is here to stay, says Ashish Chhawchharia of Grant Thornton Bharat"India is one of the few countries which has this two step process, the first expectation is revival of the company, and if that isn't the ...
DHFL auction: Sebi wants to know how Oaktree made credit rating claims of future debt instrumentThe US-based Oaktree Capital in its bid claimed that post resolution, DHFL's NCDs would be assigned an AAA rating if their resolution plan ...
View: IBC requires urgent need for clarityIt is easy to be critical of past steps but it is more important to look forward. As corporate India aims to get back on its feet, there is...
Creditors can choose to stop supplies to companies under IBC: House PanelOut of claims of around Rs 8.4 lakh crore, the realisable amount is about Rs 3.57 lakh crore, or 43% of the total claims under the code, sa...
Arun Jaitley defends IBC amendments, says political opinion would not have allowed return of promotersThe finance minister said that the effective rate of tax which was 31% before has been brought down to 28% under the GST.