Conference on 'Insolvency and Bankruptcy Code - Evolving Paradigms and Reforms' organised by industry body CII along with National Foundation for Corporate Governance (NFCG) and IBBI
April 18, 2023 Insolvency and Bankruptcy Code - Evolving Paradigms and Reforms
At the conference on 'Insolvency and Bankruptcy Code - Evolving Paradigms and Reforms' organised by industry body CII along with National Foundation for Corporate Governance (NFCG) and IBBI, the IBBI Chief, Mr. Ravi Mital said that we should encourage innovation..
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MahaRERA comes up with non-negotiable clauses in model agreements for sale
December 15, 2022
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has come up with non-negotiable clauses in the model agreement for sale. Under this, developers cannot modify the information which is necessary to be put into the agreement document. This will enable transparency...
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Focus on governance, business conduct, data protection: RBI governor to fintechs
December 15, 2022
On Wednesday, Reserve Bank of India (RBI) governor Shaktikanta Das advised fintech to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance, and risk mitigation frameworks. At a meeting with a select fintech firm, Das reiterated..
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Sebi planning 'micro' REITs to boost nascent market: Source
December 15, 2022
India's market regulator is planning to allow "micro" real estate investment trusts (REITs), according to a senior official, to bring a wider set of property companies to the nascent market as India emerges from a pandemic-induced lull. The Securities and Exchange Board of India..
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IBC Does Not Prohibit An Assignee From Continuing Pending Section 7 Proceedings: NCLAT Delhi
December 15, 2022
The National Company Law Appellate Tribunal ("NCLAT"), while adjudicating an appeal filed in Siti Networks Ltd. v Assets Care and Reconstruction Enterprises Ltd. & Anr., has held that there is no prohibition in the IBC or any of the Regulations..
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Go First Airlines
May 4, 2023
Go First Airlines has moved the National Company Law Tribunal (NCLT), Delhi seeking voluntary initiation of insolvency proceedings. The company moved the tribunal claiming that its flights were being grounded due to the recurring and persistent issues with engines supplied..