Page 2 - Ibc Proceeding

Foreign PE funds and JVs to have a go at next round of IBC assets

On average each company will require more than $100 million of equity infusion to begin with

NCLT directs lenders to appoint Mumbai-based IRP for Uttam Galva Steels

The company owes about 18 lenders around Rs 62 billion in principal and interest payment

IBC process: 137 firms set for liquidation, but buyer interest is muted

With assets depreciating over time, it will lead to large haircuts for lenders & creditors: Experts

From Jaypee to Monnet, IBC bound stocks have witnessed a steep fall in 2018

Jaypee Infratech's shares had rallied 68% between October and December 2017

Govt clarifies not all insolvency rebids may be prospective cases

If these are similar to earlier ones, these would be taken as retrospective cases

One step back: IBC must not encourage out-of-court settlements

The central issue is: How can efficient and equitable price discovery be enabled for a stressed asset?

Sebi plans amending norms for listed cos undergoing insolvency proceedings

Amendments are being proposed for certain Sebi norms on the basis of three stages of Corporate Insolvency Resolution Process - pre, ongoing and post CIRP stages

Bidders for stressed assets want fair treatment for all creditors

The code says the process is intended to balance the interests of all stakeholders and the resolution plan is also required to make a statement as to how it has dealt with these interests

Forty corporate insolvency resolutions completed under IBC: Government

Out of these, 10 transactions resulted in resolution plan being approved by adjudicating authority and 30 translated into liquidation of corporate debtors

IBC proceedings: JSW Steel offers Rs 37 billion for Monnet Ispat

The amount offered earlier was Rs 35 billion but the lenders negotiated and JSW Steel agreed to add another Rs 2 billion, official said