Infra regulators, SEBI need to work in tandem for successful insolvency resolution of INvit: Aashit Shah – United News of India

Mumbai, Aug 30 (UNI) Aashit Shah, Partner, J Sagar Associates, has said that infrastructure regulators and Securities and Exchange Board of India (SEBI) would need to work in tandem for a successful insolvency resolution of an INvit which may involve a change in the sponsor, investment manager or trustee or transfer of an infrastructure asset.…

Committee of Creditors: IBBI issues discussion paper on Code of Conduct – BusinessLine

Insolvency regulator IBBI has come up with a discussion paper on Code of Conduct for the Committee of Creditors (CoC), which is the custodian of public trust during resolution process. The proposed Code of Conduct, which establishes broad principles that can be applied to every situation, is expected to elevate accountability and responsibility of Committee…

IBC: Corporate affairs ministry working with finance ministry, RBI on issue of committee of creditors’ con – Economic Times

The corporate affairs ministry is working with the finance ministry, Reserve Bank of India and the Indian Banks’ Association (IBA) on the issue of the conduct of the committee of creditors under the insolvency resolution process, a senior official said on Friday. The role of Committee of Creditors (CoC) is crucial in deciding a resolution…

WA builder Jaxon Construction enters liquidation with four sites affected – ABC News

West Australian buildingcompany Jaxon Construction is entering liquidation, with operations within the group ceasing. Key points: The liquidator says it’s assessing six entities in the group The union says builders are taking contracts with too low margins It follows the recent collapse of another major builder Pindan The move affectsfour sites in Western Australia. Alarm…

NCLAT admits McLeod promoter appeal, to decide on constitution of CoC – Business Standard

On August 6, the National Company Law Tribunal (NCLT) had admitted an application filed by Techno for initiating corporate insolvency resolution process (CIRP) against McLeod. TopicsNCLAT|Techno Electric & Engineering|McLeod Russel The National Company Law Appellate Tribunal (NCLAT) has admitted an appeal filed by McLeod Russel promoter, Aditya Khaitan, against insolvency proceedings and will decide on…