Updates under IBC as on Sept 8, 2018

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

2. Focus on amendments to India’s insolvency law

https://www.vantageasia.com/focus-on-amendments-to-indias-insolvency-law/

3. NCLT asks builder why corporate insolvency resolution process should not be initiated against him after he refuses to refund money to a home buyer

http://www.indialegallive.com/constitutional-law-news/courts-news/nclt-asks-builder-corporate-insolvency-resolution-process-not-initiated-refuses-refund-money-home-buyer-54042

4. Essar Steel lender may sell loan to ARC in a bid to save debt-hit company

https://www.business-standard.com/article/companies/essar-steel-lender-may-sell-loan-to-arc-in-a-bid-to-save-debt-hit-company-118090501401_1.html

5. REC set to register ARC for stressed power assets

https://economictimes.indiatimes.com/markets/stocks/news/rec-set-to-register-arc-for-stressed-power-assets/articleshow/65696308.cms

Sep 8, 2018IBC Updates

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