FULLY ACCESSIBLE ROUTE’ FOR INVESTMENT BY NON-RESIDENT INDIANS IN GOVERNMENT SECURITIES

April 21, 2020 INSOL India - Editorial Team

Reserve Bank of India by two circulars bearing No. RBI/2019-20/199 AP (DIRC) Circular No. 24 and No. RBI/2019-20/200 AP (DIRC) Circular No.25 has clarified and revised the limit of FDI in corporate bonds and applicability of investment limits in the..

Read More

Minister of State for Finance, Anurag Thakur, urges banks to not use IBC for every stressed asset

September 18, 2019 INSOL INDIA EDITORIAL BOARD

Mr Anurag Thakur, MoS for Finance, addressing the annual general meeting of the IBA said that the banks and financial institutions should first attempt to resolve the stressed assets outside IBC process. This will help the banks and business community...

Read More

MCA and CERSAI have been notified as ‘repositories’ under Regulation 21 of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.

September 18, 2019 INSOL INDIA EDITORIAL BOARD

IBBI pursuant to its circular dated 7th September, 2019, has approved MCA 21 and CERSAI database as repositories under Regulation 21 of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.

Read More

The National Company Law Appellate Tribunal permits the committee of creditors to guide the resolution professional of Jet Airways India Limited to discharge his duties in relation to foreign creditors

September 18, 2019 INSOL INDIA EDITORIAL BOARD

Two separate corporate insolvency resolution process (“CIRPs”) proceedings have been initiated against Jet Airways (India) Limited (“Jet”), one in India where the registered office of Jet is situated and one in Netherlands (North Holland) having the regional hub of Jet...

Read More

The National Company Law Tribunal approves JSW Steel’s bid for Bhushan Power and Steel Limited

September 18, 2019 INSOL INDIA EDITORIAL BOARD

The Principal Bench of the National Company Law Tribunal (“NCLT”), vide its order dated September 05, 2019, approved the resolution plan submitted by JSW Steel Limited (“JSW”) in relation to the corporate insolvency resolution process of Bhushan Power and Steel..

Read More

The National Company Law Tribunal gives final approval to Patanjali’s bid for Ruchi Soya Industries Limited

September 18, 2019 INSOL INDIA EDITORIAL BOARD

The Mumbai Bench of the National Company Law Tribunal (“NCLT”), vide its order dated September 04, 2019, approved the resolution plan submitted by Patanjali Ayurved Limited (“Patanjali”) in relation to the corporate insolvency resolution process of Ruchi Soya Industries Limited. The..

Read More