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Top News In நொடித்துப்போனது மற்றும் திவால்நிலை குறியீடு Today - Breaking & Trending Today

Bad loans and personal guarantees - The Hindu BusinessLine

Bad loans and personal guarantees
May 30, 2021
The Insolvency & Bankruptcy Code marks one of the most significant changes made to commercial laws - Nuthawut Somsuk
The Insolvency & Bankruptcy Code marks one of the most significant changes made to commercial laws - Nuthawut Somsuk×
The SC verdict has brought relief to creditors waging long battles against bad loans
On May 21, 2021, the Supreme Court dismissed pleas on 75 petitions challenging the notification including that on Anil Ambani, Sanjay Singhal, Venugopal Dhoot, Kapil Wadhawan and 45 other industrialists. (The Supreme Court had declared the notification issued by the Union government under Insolvency and Bankruptcy Code, on November 15, 2019 as legal and valid). ....

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'Promoters, think before you sign that guarantee' - The Hindu BusinessLine

‘Promoters, think before you sign that guarantee’
May 27, 2021
Bijoy Pulipra, Insolvency Professional and Company Secretary×
Assess first, future business and prospects
Entrepreneurs will be well advised to think twice before they sign the documentation for personal guarantee for their company and sign it only if they are fully convinced about the prospects and future of the business.
This is the most important takeaway from the Supreme Court’s clearing the ambiguity over partial notification of provisions in Part III of the Insolvency and Bankruptcy Code enabling creditors to invoke the personal guarantee of promoters of a corporate debtor, says Bijoy Pulipra, Insolvency Professional and Company Secretary. ....

Bijoy Pulipra , Supreme Court , Company Secretary , Bankruptcy Code , Insolvency Professional , Lalit Kumar Jain Vs Union , Insolvency And Bankruptcy Code , Legal Scenario , Corporate Debtor , Personal Guarantors , உச்ச நீதிமன்றம் , நிறுவனம் செயலாளர் , திவால்நிலை குறியீடு , நொடித்துப்போனது ப்ரொஃபெஶநல் , நொடித்துப்போனது மற்றும் திவால்நிலை குறியீடு , பெருநிறுவன கடனாளி ,

SC Targets Promoter Wealth By Allowing Personal Guarantees To Be Invoked in IBC Cases

SC Targets Promoter Wealth By Allowing Personal Guarantees To Be Invoked in IBC Cases
by R Jagannathan - May 24, 2021 06:32 AM
The Supreme Court of India. (SAJAD HUSSAIN/AFP/Getty Images)
Snapshot
The free lunch is over.
Last week, the Supreme Court struck a major blow against cronyism by holding that the personal guarantees given by businessmen can be called in even if their companies have filed for bankruptcy under the Insolvency and Bankruptcy Code (IBC).
A two-judge bench comprising Justice L Nageshwara Rao and Justice Ravindra Bhat upheld a 2019 amendment to the IBC which said that the personal guarantees given by promoters who took bank loans could be invoked even after insolvency proceedings are started. ....

Justicel Nageshwara Rao , Supreme Court , Reliance Communications , Bankruptcy Code , Justice Ravindra Bhat , Bhushan Steel , Insolvency And Bankruptcy Code , Personal Guarantees , L Nageshwara Rao , Ravindra Bhat , Promoter Wealth , Outsize Loan , உச்ச நீதிமன்றம் , நம்பகத்தன்மை தகவல்தொடர்புகள் , திவால்நிலை குறியீடு , நீதி ரவின்ற பட் , பூஷன் எஃகு , நொடித்துப்போனது மற்றும் திவால்நிலை குறியீடு , ல் நாகேஸ்வர ராவ் , ரவின்ற பட் ,

Jaypee Infratech lenders to meet on Monday - The Hindu BusinessLine

Jaypee Infratech lenders to meet on Monday
May 23, 2021
NBCC challenged a decision by the CoC to consider only the bid submitted by Suraksha Group to acquire Jaypee’s stressed assets
NBCC challenged a decision by the CoC to consider only the bid submitted by Suraksha Group to acquire Jaypee’s stressed assets×
NBCC wrote to the company’s debt resolution professional Anuj Jain, questioning his jurisdiction and also sent clarification on the queries raised by the lenders
Jaypee Infratech’s lenders will meet on Monday to decide the future course of action on the submission made by state-owned NBCC. This comes after NBCC challenged a decision by the Committee of Creditors to consider only the bid submitted by Suraksha Group to acquire Jaypee’s stressed assets. ....

India General , Anuj Jain , Jaypee Infratech , Suraksha Group , Committee Of Creditors , Suraksha Realty , Resolution Plan , Suraksha Realty Limited , Lakshdeep Investments , Finance Private Limited , Yamuna Expressway , Insolvency And Bankruptcy Code , இந்தியா ஜநரல் , அனுஜ் ஜெயின் , ஜெய்பீ இன்ப்றதேச் , சுரக்ஷா குழு , குழு ஆஃப் கடன் வழங்குநர்கள் , சுரக்ஷா ரியல்டீ , தீர்மானம் திட்டம் , சுரக்ஷா ரியல்டீ வரையறுக்கப்பட்டவை , நிதி ப்ரைவேட் வரையறுக்கப்பட்டவை , யமுனா அதிவேக நெடுஞ்சாலை , கடன் வழங்குநர்கள் , நொடித்துப்போனது மற்றும் திவால்நிலை குறியீடு ,

Guarantor beware - The Hindu

Entrepreneurs signing guarantee will have to be certain that the business will not flounder ....

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