Page 2 - Bankruptcy Proceedings
Not a penny to equity holders as DHFL bidders value firm's shares at zero
Investors baffled as DHFL had a market valuation of Rs 941 cr on Monday, with its stock trading at Rs 30 a share even after the company was sent for bankruptcy proceedings
 "Not a penny to equity holders as DHFL bidders value firm's shares at zero")
DHFL bidder selection: Oaktree Capital asks lenders for fair treatment
Oaktree and Piramal Group are engaged in neck and neck competition to get control of the mortgage lender, for which the selection process has entered the final stage
 "DHFL bidder selection: Oaktree Capital asks lenders for fair treatment")
Barely a week before the deadline, IBC resumption hangs in balance
The official said that while on the one hand green shoots were visible in the economy and the stock market was booming, on the other things were not moving under IBC
 "Barely a week before the deadline, IBC resumption hangs in balance")
JSW Steel sees mettle in bankrupt asset amid upturn in steel market
An upturn in the steel market has prompted the country's third-largest steel producer to up the ante on acquiring Bhushan Power
 "JSW Steel sees mettle in bankrupt asset amid upturn in steel market")
Losing momentum: Three years on, Amtek Auto still awaits IBC resolution
After an encouraging start, the IBC, launched by the Modi government in 2016, is losing momentum. The first of a 5-part series looks at Amtek Auto's resolution process
 "Losing momentum: Three years on, Amtek Auto still awaits IBC resolution")
Anil Agarwal's Vedanta sole bidder for Videocon's 25% in Ravva oil block
Videocon is undergoing insolvency proceedings at the NCLT with a separate bidding process being undertaken for the Ravva block
 "Anil Agarwal's Vedanta sole bidder for Videocon's 25% in Ravva oil block")
Akhil Gupta's family firm bids for debt-laden Videocon Industries
Gupta, who worked for Bharti Airtel for 18 years, made the bid for Videocon via Avanti Investments, run by his son, Anubhav Gupta
 "Akhil Gupta's family firm bids for debt-laden Videocon Industries")
No corporate insolvency proceedings once debt converted into capital: NCLAT
The appellate tribunal also said that any investment cannot be "financial debt"
 "No corporate insolvency proceedings once debt converted into capital: NCLAT")
AGR case: Supreme Court fears bankruptcy proceedings may consume dues
Justice Mishra observed under the IBC spectrum trading was different from spectrum sale
 "AGR case: Supreme Court fears bankruptcy proceedings may consume dues")
NCLAT quashes NCLT order making MCA a party to all IBC proceedings
Allowing the plea filed by the MCA, a two-member bench of the appellate tribunal said the NCLT's direction was "beyond the power" and amounted to "imposition of a new rule in a compelling fashion".
 "NCLAT quashes NCLT order making MCA a party to all IBC proceedings")
NCLAT's resolution professional ruling: Several bankruptcy cases face delay
National Company Law Appellate Tribunal (NCLAT) had ordered that a former bank official cannot be appointed as a resolution professional (RP) in a company facing bankruptcy
Firms red-flag pitfalls of IBC suspension; law's future unsure, say experts
With the Insolvency and Bankruptcy Code, which was the instrument lenders had to make their borrowers fall in line, suspended for a year, many say this makes uncertain the future of a landmark law
 "Firms red-flag pitfalls of IBC suspension; law's future unsure, say experts")
Bidders jittery over coronavirus impact on bankrupt firms, seek legal help
Seek legal advice, want force majeure clause included in new contracts
 "Bidders jittery over coronavirus impact on bankrupt firms, seek legal help")
Management of defaulting firms must step aside, says SC
SC rules in favour of ICICI Bank in Innoventive Industries case
 "Management of defaulting firms must step aside, says SC")
