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Is Insolvency the New Normal?
India's power sector is back in action again, however for all the wrong reasons. In February, India's federal bank tightened the norms for settling a bad debt by setting timelines for resolving Non Performing Assets (NPA) within 180 days for as many as 80 large borrowers.
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The Stress Marks!
India's power sector is in a catch-22 situation. A sound analysis of the power sector affirms that the sector is in the ICU where 78,000 MW of projects are under stress; and approximately Rs 1,200 billion worth unviable projects and PPAs are signed for a mere 7,000 MW.
Power Sector, Discoms, PPA, RBI, NCLT, NBFC, Transmission, IEX, Amish Shah, DSP Merrill Lynch, GVK Goindwal Saheb, Jaypee Bara, PPA, SHAKTI, CAGR
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Simplifying Corporate Adjudication
The establishment of a National Company Law Tribunal (NCLT) and its Appellate Tribunal (NCLAT) will provide for an efficient, timely and one stop-shop dispute resolution mechanism, preventing fragmentation of disputes relating to companies before multiple forums.
Krrishan Singhania, Nishant Upadhyay, NCLAT, Eradi Committee, V Balakrishna Eradi, MCA, NCLT, NCLAT, BIFR, Reserve Bank Of India, Ministry Of Corporate Affairs
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Insolvency and Bankruptcy Code, 2016
The Insolvency and Bankruptcy Code, 2016 (Code) aims to consolidate laws relating to liquidation and insolvency of corporate persons, partnership firms and individuals in India.
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Insolvency and bankruptcy code | Resolving the NPA crisis
The proposed code is a step in the right direction to bring about clarity in the legal framework and certainty and predictability in restructuring of debt and insolvency.
Framework, NPA, Dr T K Viswanathan, Insolvency, Bankruptcy Code, Bankruptcy Law Reforms Committee, Lok Sabha, R And R, BIFR, SICA, RBI, CDR, JLF, DRT, SARFAESI Act
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