Tags » IBC

Aircel files for bankruptcy

After prolonged negotiations with its lenders and creditors, Aircel and its two units have filed for bankruptcy before the NCLT under the IBC. The major causes leading to bankruptcy are the heavy loans it had taken to buy spectrum and broadband waves. 166 more words

Corporate News

Spewing Rancid Effluvia at Iraq Body Count - Part 1

This post follows up on this one. However, rather than calling it “A Debate about Excess Deaths – Part 2” I went with the above title which is  more descriptive of what’s actually going on here.. 809 more words


Resolution of Stressed Assets – Revised Framework

More Stress on Stressed Assets

RBI has issued a Revised Framework for Resolution of Stressed Assets on February 12, 2018, which replaces the existing mechanisms in place for resolution of stressed assets such as Framework for Revitalising Distressed Assets, Corporate Debt Restructuring Scheme, Flexible Structuring of Existing Long Term Project Loans, Strategic Debt Restructuring Scheme (SDR), Change in Ownership outside SDR, and Scheme for Sustainable Structuring of Stressed Assets (S4A).  612 more words


Dad's Record Player

Dad’s Record Player                         February 2018

When I was born, I was the first male child of my generation in the family. My Dad was so happy that he went out with his pal Gus Perino and got seriously snockered to celebrate. 173 more words

No longer a dreaded process? 'Fair Value' Concept introduced in Insolvency Resolution Process. IBBI amends IBC (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017

The IBBI has amended the IBC (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017, to introduce the much needed concept of ‘Fair Value’. … 427 more words


IBC and Tax Woes

While discussing the important announcements under the Union Budget 2018 (link to article: https://csushaganapathy.wordpress.com/2018/02/05/union-budget-2018/ ), we saw that changes have been brought about in respect of applicability of Section 79 – relating to carry forward of losses and Section 115JB – relating to MAT of the Income Tax Act, 1961. 433 more words


Now Fair Value Enters the Picture in IBC Resolution Process

IBBI has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018 on February 6, 2018.

The changes brought about by the Amendment, in brief, are: 580 more words