IBC Updates

Lenders to decide on stressed power projects by October 10 https://economictimes.indiatimes.com/industry/energy/power/lenders-to-decide-on-stressed-power-projects-by-october-10/articleshow/65894067.cms In a first, IL&FS

  1. SC vows to plug gaps in insolvency law   https://timesofindia.indiatimes.com/india/sc-vows-to-plug-gaps-in-insolvency-law/articleshow/65879712.cms     2. Companies Act

Insolvency law: Confusion over voting rights for realty cos Source: IBC IBBI suspends insolvency professional’s

NCLT seeks JP Associates reply to notice on ICICI Bank plea Source: IBC Creditors Of Firms

Please find the following link under IBC as on 15 Sept, 2018. http://ibbi.gov.in/webadmin/pdf/legalframwork/2018/Sep/Circular-Voting%20in%20the%20Committee%20of%20Creditors_2018-09-14%2018:32:15.pdf

Essar Steel auction: After ArcelorMittal, Numetal moves Supreme Court against NCLAT order Source: IBC Power

1. NCLT gives Lanco Teesta 90-day extension for insolvency resolution   https://www.thehindubusinessline.com/companies/nclt-gives-lanco-teesta-90-day-extension-for-insolvency-resolution/article24896506.ece     2. Essar Steel:

ESSAR Steel Insolvency: NCLAT says second round of bids by NuMetal, Vedanta are valid Source:

1. Lenders initiate action to take 11 stressed power assets to NCLT   https://www.thehindubusinessline.com/money-and-banking/lenders-initiate-action-to-take-11-stressed-power-assets-to-nclt/article24884535.ece    

1. What has Modi given to Indians in the preceding 4 years?   http://www.pgurus.com/what-has-modi-given-to-indians-in-preceding-4-years/