IBC Updates

1. Three Years Into The Bad Loan Clean-Up, Resolution Remains A Distant Dream   https://www.bloombergquint.com/insolvency/2018/09/03/three-years-into-the-bad-loan-clean-up-resolution-remains-a-distant-dream#gs.PEUR5Z8  

  NCLT orders insolvency proceedings against Ind-Bharat Energy; appoints IRP Source: IBC Allahabad HC makes no exceptions for

Compliance of regulation 13 (2) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals)

1. Annual Report 2017-2018: RBI may extend February 12 circular on stressed assets to NBFCs   https://indianexpress.com/article/business/banking-and-finance/annual-report-2017-2018-rbi-may-extend-february-12-circular-on-stressed-assets-to-nbfcs/

Adani group, Reliance Industries, Tata lead race to buy bankrupt firms Source: IBC No government

1.  Power cos with Rs 1.7L-crore bad loans face insolvency    https://timesofindia.indiatimes.com/business/india-business/power-cos-with-rs-1-7l-crore-bad-loans-face-insolvency/articleshow/65569015.cms     2. The policymaker

1.  Inauguration of One Day Refresher Programme for Insolvency Professionals   http://ibbi.gov.in/webadmin/pdf/press/2018/Aug/Press%20Releas-25.pdf     2.  Tata

IBC helps HBN’s retail depositors claim their dues https://economictimes.indiatimes.com/markets/stocks/news/ibc-helps-hbns-retail-depositors-claim-their-dues/articleshow/65468977.cms ‘Foundation laid, there’s only upside for

Binani Cement creditors allege ‘misconduct’ by resolution professional Source: https://indianexpress.com/article/business/companies/binani-cement-creditors-allege-misconduct-by-resolution-professional-5310781/

  Long-term lending needs bonds – DNA India Source: http://www.dnaindia.com/business/report-long-term-lending-needs-bonds-2650382   Shareholding in IPAs: IBBI