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BT-KPMG Best Banks and NBFCs: Confronting the banking paradox

Despite having a robust balance sheet, the banking sector confronts an array of challenges. The BT-KPMG Best Banks and NBFCs Survey 2022-23 honours those that have succeeded in spite of the headwinds - Issue Date: Mar 31, 2024

India , Kaustubh-kulkarni , Deepak-jasani , Daizy-chawla , Asia-pacific , Rajeev-yadav , Vishal-goenka , Shaktikanta-das , Uday-kotak , Amey-sathe , Fincare-small-finance-bank , Head-of-retail-research

Top 10 Most Promising Brands to watch in 2024

The journey of these ten promising brands in 2024 unfolds as a testament to their commitment to shaping the future and leaving an indelible mark on the business landscape.

Delhi , India , Ahmedabad , Gujarat , Mumbai , Maharashtra , Vijayk-singh , Gunita-pahwa , Rajdutt-shekhar-singh , Nilava-bandyopadhyay , Manojk-singh , Dipti-agrawal

S&A Law Offices, Promotion

S&A Law Offices, a leading full-service law firm, is proud to announce the promotion of six talented lawyers, reflecting the firm's commitment to recognising and nurturing exceptional legal talent.The...

India , Delhi , Mumbai , Maharashtra , Gunita-pahwa , Daizy-chawla , Senior-associates , Ankur-mishra , Vidhi-agarwal , Yash-mittal , Aanchal-trivedi , Anjali-jha

ALB ASIA SEPTEMBER OCTOBER 2023 (INDIA EDITION)

SEP OCT 2023 In this issue, we celebrate the outstanding accomplishments of legal professionals in the country with the Top Female Lawyers and Top Disputes

Chennai , Tamil-nadu , India , Thailand , Jordan , Saudi-arabia , Israel , Qatar , Russia , Bengaluru , Karnataka , Syria

IBC is a boon for lawyers, but what about banks, NBFCs and other financial creditors?

Experts say seven years is ample time for a new law to stabilise. But despite the IBC’s initial promise, it seems to have got entangled in a web of litigation, new interpretations, and numerous amendments

India , Abizer-diwanji , Rajesh-narain-gupta , Infonet-asia , Jaypee-infratech , Daizy-chawla , Supreme-court , National-company-law-tribunal , Jet-airways , Barath-energy , Videocon-industries , Head-financial-services

India's Insolvency and Bankruptcy Code is not working; here's what's going on

The insolvency and bankruptcy code simply isn't working, despite dozens of amendments and good intent. An inside look at its flaws, and how to make it work - Issue Date: Aug 06, 2023

Canara , Karnataka , India , United-kingdom , Switzerland , Swiss , Saloni-kothari , Bhrugesh-amin , Rajesh-narain-gupta , Abizer-diwanji , Aashiesh-agarwaal , Aashit-shah

Lenders can recover dues from defaulters by disposing of their foreign assets

The effective cross-border insolvency resolution process framework in IBC would be beneficial for lenders as it would help them recover their dues from defaulting borrowers by disposing of their foreign assets as well as personal assets of ...

India , New-delhi , Delhi , Daizy-chawla , Ministry-of-corporate-affairs , Committee-of-creditors-co , Bankruptcy-code , Corporate-affairs , Managing-partner , Law-offices , Bankruptcy-board ,

No more leeway for personal guarantors post SC verdict

No more leeway for personal guarantors post SC verdict
By
IANS
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SC says remarks against top court 'growing' and everybody joining (Photo Courtesy: Twitter). Image Source: IANS News
New Delhi, May 21 : With the Supreme Court on Friday upholding the Centre's notification of November 15, 2019, allowing financial institutions to proceed against individual personal corporate guarantors for recovery of loans of a company under Insolvency and Bankruptcy Code (IBC) proceedings, legal experts say this verdict will go a long way in terms of recovery of dues by the creditors.
DHFL's former promoter Kapil Wadhawan and Bhushan Power & Steel's former owner Sanjay Singal may be among the affected people post the verdict.

India , New-delhi , Delhi , Sudhir-chandi , Kapil-wadhawan , Sumit-batra , Sonam-chandwani , Sanjay-singal , Daizy-chawla , Supreme-court , Singh-associates , Partner-at-shardul-amarchand-mangaldas-co

IDBI-Sivasankaran deal raises hope for other defaulting promoters

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Former promoters of defaulting companies that are under the insolvency process can hope to take back control of their companies if the debt resolution process fails to find new owners. The recent decision by consortium of lenders led by IDBI Bank to allow C Sivasankaran to take ownership of his company by paying an amount higher than the liquidation amount may have raised hopes of erstwhile promoters such as Naresh Goyal, Anil Ambani and Punj Lloyd. The companies once owned by these promoters including Jet Airways, Reliance Communications and Punj Lloyd are heading towards liquidation under the IBC process.
Bad precedent

India , Bharat-chugh , Naresh-goyal , Punj-lloyd , Abhishek-gupta , Daizy-chawla , Anil-ambani , Reliance-communications , Committee-of-creditors-co , Lokhandwala-kataria-construction-private , Jet-airways , Investment-managers

Centre extends suspension of insolvency initiation under IBC till March 25

Centre extends suspension of insolvency initiation under IBC till March 25
December 23, 2020
Calibrated end of suspension may have helped debtors, say experts
The Ministry of Corporate Affairs (MCA) has extended by three more months — from December 25 to March 25 — the suspension of insolvency proceedings initiation against corporates for debt defaults.
A six-month suspension was first introduced on June 5 for debt defaults arising post March 25, 2020, when the Covid-induced lockdown was announced. The suspension was to end on September 25, but was extended up to December 25.
The latest MCA move comes on the heels of Finance Minister Nirmala Sitharaman indicating a few days back, at an industry interaction, that the government had decided to extend IBC suspension till March next year.

Nirmala-sitharaman , Sushmita-gandhi , Souvik-ganguly , Aseem-chawla , Daizy-chawla , Ministry-of-corporate-affairs , Singh-associates , Corporate-affairs , Corporate-insolvency , Finance-minister-nirmala-sitharaman , Bankruptcy-code , Senior-partner