Updates under IBC as on Sept 5, 2018

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

2. Failure to Inform Cessation of Director / Partner of Insolvency Professional Entity would attract Penalty: IBBI [Read Circular]

http://www.taxscan.in/failure-inform-cessation-director-partner-insolvency-professional-penalty-ibbi/27771/

3. How Adani won Ruchi Soya, why Patanjali objects

https://indianexpress.com/article/explained/how-adani-won-ruchi-soya-why-patanjali-objects-5336462/

4. SC paves way to recover money from guarontors despite insolvency

https://realty.economictimes.indiatimes.com/realty-check/sc-paves-way-to-recover-money-from-guarontors-despite-insolvency/3224

5. NPAs worth over Rs 4 trillion to be resolved by 2018 end: India Ratings

https://www.business-standard.com/article/finance/npas-worth-over-rs-4-trillion-to-be-resolved-by-2018-end-india-ratings-118090300507_1.html

6. Why Baba Ramdev’s Patanjali is challenging Adani Wilmar’s winning bid for Ruchi Soya

https://www.financialexpress.com/industry/why-baba-ramdevs-patanjali-is-challenging-adani-wilmars-winning-bid-for-ruchi-soya/1300715/

7. Defer insolvency action against Videocon arm: SBI to RBI

https://economictimes.indiatimes.com/markets/stocks/news/defer-insolvency-action-against-videocon-arm-sbi-to-rbi/articleshow/65655733.cms

8. Boost to insolvency process: NCLT asks ED to use borrower’s attached assets linked to fraud

https://economictimes.indiatimes.com/news/economy/policy/boost-to-insolvency-process-nclt-asks-ed-to-use-borrowers-attached-assets-linked-to-fraud/articleshow/65651080.cms

9. Road to resolution: Almost all Lanco units to land in insolvency courts

https://www.business-standard.com/article/companies/all-major-assets-of-lanco-group-to-undergo-insolvency-proceedings-118090300877_1.html

10. Rs 4,000 crore Debt: Telecom Tower Co Seeks To Stall Bankruptcy Bid

https://timesofindia.indiatimes.com/city/chennai/rs-4k-cr-debt-telecom-tower-co-seeks-to-stall-bankruptcy-bid/articleshow/65663179.cms

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