IBC Rules

It is surprising as the lenders mostly lend loans keeping in mind the margin and the promotor's contribution

Nageswaran added that the economy will be $3.5 trillion by the end of the current fiscal, FY23

Issues a separate circular on limitation period of show-cause notices

Restoring trust in IBC must be a priority

SARFAESI and Debt Recovery Tribunals have yielded recovery rates comparable to the IBC mechanism, says Trend and Progress Report

Auction to be held on two days, starting December 22

So far 786 applications have been filed to recover over Rs 2.2 trillion allegedly lost through irregular transactions. Retrieving this needs a law, policy and regulatory focus

They have been losing business as the IBC process picks up pace

This is the third deadline extension as the lenders seek better offers from the bidders

Decision is in compliance with 2017 RBI circular asking financial creditors to submit financial information to an information utility under Section 215 of IBC

RBI allows ARCs to bid for assets in IBC cases

The draft telecom bill also recognised that the spectrum is a valuable resource and provided for the assignment of the spectrum for the public good

With Indian Telecommunication Bill, 2022, a spectrum will be held by a telco till it continues to pay the dues and provide the services. Once the service stops, the spectrum will go to the government

The company has repaid outstanding principal of Rs 121.78 crore to the bank, is in talks with other lenders for debt resolution plan

FLFL - in its filing with the BSE - said Saraf and Partners, advocates, on behalf of BoI, has served a petition under Section 7 of the IBC 2016

The move, according to tax experts, will set a precedent for matters related to recoveries

The bench said NCLT failed to appreciate the question of time-bound initiation and completion of corporate insolvency resolution process could only arise if companies were bankrupt or insolvent

IBBI wants liquidation timeline reduced

The NCLAT held that success fee is more in the nature of contingency and speculative it is not part of IBC provisions and is not chargeable

The Supreme Court on Monday held that CoC approved resolution plan submitted to the National Company Law Tribunal (NCLT) cannot be modified or withdrawn as it would create another tier of negotiations