Updates under IBC as on 29 Sept, 2018

1. Essar Steel IBC case: SC reserves verdict; timeline of twists and turns in race between ArcelorMittal, Numetal

https://www.financialexpress.com/industry/essar-steel-ibc-case-sc-reserves-verdict-timeline-of-twists-and-turns-in-race-between-arcelormittal-numetal/1329034/

2. Maruti Suzuki Brezza gets 4-star safety rating, Renault Lodgy scores a zero in Global NCAP test

https://www.moneycontrol.com/news/technology/auto/maruti-suzuki-brezza-gets-4-star-safety-rating-renault-lodgy-scores-a-zero-in-global-ncap-test-2992361.html

3. Government plans 8 special courts to deal with insolvency cases

https://www.moneycontrol.com/news/india/government-plans-8-special-courts-to-deal-with-insolvency-cases-2994141.html

4. Bondholders Under IBC: Unravelling No Action Clauses

http://www.mondaq.com/india/x/740000/Insolvency+Bankruptcy/Bondholders+Under+IBC+Unravelling+No+Action+Clauses

5. India’s finance ministry claims that state-owned banks will recover 20% of their bad loans this year

https://www.businessinsider.in/indias-finance-ministry-claims-that-state-owned-banks-will-recover-20-of-their-bad-loans-this-year/articleshow/65960981.cms

6. Why IL&FS Picked This Route To Solvency

https://www.bloombergquint.com/business/why-ilfs-picked-this-route-to-solvency#gs.SCUuxLU

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