IBC Updates

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/    

1.  NTPC rejects lenders’ proposal, mulls other options   https://economictimes.indiatimes.com/markets/stocks/news/ntpc-rejects-lenders-proposal-mulls-other-options/articleshow/65679164.cms     2.  Banks not out of

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/