Articles for Swiss Challenge

After Adoption Of Swiss Challenge Method, RA Not Allowed To Submit Revised Plan: NCLAT Delhi
1 year, 10 months ago

After Adoption Of Swiss Challenge Method, RA Not Allowed To Submit Revised Plan: NCLAT Delhi

Live Law  

The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Ashok Bhushan and Mr. Barun Mitra, while adjudicating an appeal filed in Jindal Stainless Ltd. v Mr. Shailendra Ajmera & Anr., has held that after adoption of Swiss Challenge Method to find out the best plan, one Resolution Applicant cannot be allowed to submit a revised plan. The Resolution …

Resolution Power Order Process Resolution Plan Plan Submit
Liquidator Empowered To Decide The Mode Of Sale, Not Bound By Recommendations Of Stakeholders Committee: NCLT Kolkata
2 years, 3 months ago

Liquidator Empowered To Decide The Mode Of Sale, Not Bound By Recommendations Of Stakeholders Committee: NCLT Kolkata

Live Law  

The National Company Law Tribunal, Kolkata Bench, comprising of Shri Rohit Kapoor and Shri Balraj Joshi, while adjudicating an application filed in Sauria Corporation v Kohinoor Pulp & Paper Private Limited, has held that a Liquidator is empowered to decide the mode of sale of Corporate Debtor which is in best interest for maximization of asset value. Thereafter, the Liquidator …

Corporate Sale Corporate Debtor Process Auction Nclt Bench
ARCIL bids for Yes Bank bad loan
2 years, 4 months ago

ARCIL bids for Yes Bank bad loan

Live Mint  

MUMBAI : Asset Reconstruction Co. of India has emerged as the single challenger bidder to acquire Yes Bank’s ₹48,000 crore bad loan portfolio, two people aware of the matter said. Under Swiss Challenge for Yes Bank’s bad loan sale, only an ARC can make the counter-offer, and the bid must be at least 5% higher than the anchor bidder’s. Mint …

Flowers Bank Yes Bank Bid Arc Jc Flowers Arc Cerberus
Swiss Challenge auctions aren’t suitable for our impaired loans
4 years, 1 month ago

Swiss Challenge auctions aren’t suitable for our impaired loans

Live Mint  

The problem of accumulation of non-performing assets on the balance sheets of banks doesn’t appear to be going away anytime soon, with current moratoriums only providing temporary respite.The deleterious effect on the operation of the banking sector, in particular the revival of credit, is only too well known. An optimal design of the market for NPAs can play an important …

Market Indian Auction Value Deal Rbi Banks