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insolvency, bankruptcy, ibc

Experts are sceptical about how it will play out

PMLA vs IBC: Experts explain why battle for primacy is far from over

Business Standard

Chart

construction, realty sector, flats, NCLT, IBC, Housing

In September, Finance Minister Nirmala Sitharaman had announced the Special Window fund but projects in the NCLT  or those dubbed NPAs had been kept out of its ambit

Realty revival: IBC, Rera may need tweaking for booster shot to take effect

Representative image

IBC and PMLA: Clarity needed in enforcing two overlapping laws in harmony

Seshagiri Rao, JSW Steel joint managing director and group chief financial officer, explained that the main issue is whether the PMLA has an overriding effect on the IBC

bankruptcy law

Passing the scrutiny of courts toughest test for proposed amendments to IBC

With eight proposed amendments to the insolvency law last week, the government has sought to turn the focus back on at least some of the functions of the insolvency law

ITC, Hotel Leelaventure

The brewing corporate battle between ITC Ltd and Hotel Leelaventure would put the spotlight on the rights and the responsibilities of a player that is both lender and equity holder

David vs Goliath: Battle lines drawn between Hotel Leelaventure and ITC

Why the drag in Essar Steel insolvency case makes lenders jittery

SBI Chairman Rajnish Kumar explained the rationale for putting the Essar exposure on the block

bizlaw

Another important point that the order makes is that the NCLT alone has the jurisdiction when it comes to applications and proceedings by or against a corporate debtor covered by the code

IBC: SC lays down guidelines in an attempt to speed up resolution process

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illustration

For 11 out of the 12 cases, the stipulated deadline within which the approved resolution plan has to be filed with the NCLT is over

IBC: 12 NPA cases put a question mark on sanctity of 270-day deadline

NCLT, IBC

Insolvency and Bankruptcy Code: The trouble with resolution professionals

Despite growing demand for resolution professionals, the new-age turnaround experts are still learning on the job

INSOLVENCY

The insolvency and bankruptcy process is entering the decisive phase where some big-ticket stressed assets are up for grabs

IBC: Amendment debarring defaulting promoters may be challenged in court

West Bengal CM has held rallies with her counterparts in other states against the demonetisation drive of the Centre. She has also kept alive the issue 

of the Centre's alleged interference in state matters with the use of words such as federalism

Ishita Ayan Dutt: Mamata keeps national issues simmering

Chief Minister Mamata Banerjee's divide and rule policy has worked in North Bengal. How will it affect its future?

Ishita Ayan Dutt: The Hills of West Bengal are not 'smiling'

Has the Bharatiya Janata Party leadership resigned to the fact that Bengal is a fading dream?

Ishita Ayan Dutt: A different ball game for BJP in Bengal

The stalemate in the coal sector is finally over. The Union Cabinet has approved re-promulgation of the coal Ordinance.  This will pave the way for auctioning of coal  blocks. In the first phase, 24 mines will be e-auctioned.  But the question lingers: Given the stringent selection parameters, will there be an  aggressive bidding?India Ratings & Research expects the guidelines outlined under the approach paper for the auctioning of coal mines to evince strong participation by serious developers, with operational and likely to be operational end-use projects. The operative word is "serious". New provisions allow a bidder to be technically eligible only if they have incurred 80 per cent of the total project cost for a Schedule II coal mine or  an under-production mine.Only 50 per cent of the qualified bidders from the technical stage will be allowed to participate in the e-auction process. "The mines that are being auctioned in the first phase have operating projects. Companies that

Mining law: Auction rules may benefit previous coal block owners

Corporate contribution remains a grey area

Cracking election funding

Sebi's corporate governance code and the new company law regime have some clauses that have many Indian companies in a bind

Related-party deals tie firms in knots

Stricter corporate governance norms may make India Inc turn to fresh faces as independent directors

Churn in the boardroom

It was a legal mistake to let the states decide whether to allow FDI in multi-brand retail

Multi-brand retail: FDI caught in regulatory crossfire

The arrest of a senior executive of a public sector bank on bribery charges puts the spotlight on a more effective whistle-blower policy and stricter anti-graft lawsA noted corporate lawyer recently got a call from two large Japanese companies. Their perception was one can't do business in India without bribing their way through, and needed a presentation on how to do business in the country. "Their primary concern was how to deal with bribery," said the lawyer.Though India has a slew of laws and regulations to deal with corruption and fraud (see chart), there is always a question on their effectiveness to deter or deal with instances of graft. The Prevention of Corruption Act, 1988, is the crux of India's anti-graft policy. However the biggest fallacy of the Act is that it doesn't address the bribe-giver. "A bribe-giver can turn approver and escape prosecution. This encourages bribery," says N G Khaitan, Partner, Khaitan & Co and President, Indian Council of Arbitration. Tradition

India ill-prepared to fight corruption

The share divestment in the troubled petrochem company suffers the same aura of secrecy for which West Bengal's chief minister excoriated the former Left Front government over Tata Motors' small car project

Ishita Ayan Dutt: Is Haldia Mamata's Nano moment?

Industrialists say they were bowled over by the West Bengal chief minister's 'charm and simplicity'. The question is whether this will translate into projects on the ground

Mamata's 'industrial revolution'?

About 95 per cent of Sikhs are proud to be Indian and there's no such thing as a Khalistan sentiment in Punjab

India Canada

Here is the best of Business Standard's opinion pieces for today

Parliament

Can detective stories be a clever gateway to learning complex subjects? Two American professor show the way

spy, espionage, detective, mystery,

Punjab BJP chief Sunil Jakhar on Saturday urged External Affairs minister S Jaishankar for setting up a helpline for Indian students and NRIs in Canada amid a diplomatic row between the two countries.
In his letter to the Union Minister, Jakhar while highlighting the concerns of citizens residing in Canada, urged him to release a detailed statement listing out the measures being taken by the Centre for the safety of the country's citizens in Canada until the eventual resolution of this issue.
"This, I am sure, would go a long way in assuaging the sense of deep anxiety, panic and indecision prevailing amongst our people living in Canada and especially in students waiting to go abroad for studies.  An assurance from your office would certainly lay to rest the doubts and insecurity of our students who are rightfully concerned about their study plans," Jakhar wrote in the letter.
He suggested issuing a WhatsApp contact number for Indian students planning to go abroad to get in touch wit

For Indian students, not the time to give up on Canada dreams, yet

Canada students

He said the country's first multi-leveled sports complex, equipped to cater to the needs of disabled athletes, was also on the anvil

Narendra Modi, PM Modi

External Affairs Minister S Jaishankar here on Saturday held a meeting with Uganda Foreign Minister Gen JeJe Odongo on the sidelines of the 78th United Nations General Assembly (UNGA) session

Jaishankar, EAM Jaishankar

Digital tools are crucial for expanding their reach and unleashing growth

MSMEs

Now is the time for digital forensics to rise from obscurity and claim its place of prominence in the digital domain

digital locker

Ahead of a delimitation exercise, the government would be well advised to pre-emptively make offers like greater regional autonomy or an unchanged Rajya Sabha to the southern states, writes T N Ninan