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Stocks to watch today on March 4: Bharti Airtel, Vodafone Idea, NBCC, HAL among others are the top stocks to watch out for in Wednesday's trading session

This development will provide a huge relief to over 20,000 homebuyers across various housing projects launched by Jaypee Infratech (JIL) in Noida and Greater Noida (Uttar Pradesh)

In a far-reaching verdict, NCLAT says insolvency resolution process should be on project basis, and that homebuyers (financial creditors) or financial institutions or operational creditors of a project can't file a claim before interim resolution professional of another project, and such claimcan't be entertained

The IBC Amendment Bill 2019 expanded the ambit of the insolvency law by including provisions on interim finance, setting of threshold limit on application by homebuyers and providing immunity to corporate debtor post successful resolution plan

Share Market Update: During the day, Sensex hit a record high of 41,614 and Nifty rose to 12,237, a fresh peak for the index

More tribunals, more resolution professionals, a higher threshold for the default process to set in from the current level of Rs 1 lakh and streamlining of the appeal process to cut down delays are needed to make the Insolvency and Bankruptcy Code (IBC) more efficient

As many as 13 banks and over 23,000 homebuyers have voting rights in the Committee of Creditors. For a bid to be approved, 66 per cent votes are required

As against the admitted claims of secured financial creditors of Rs 9,783 crore, Suraksha and NBCC are offering repayment of only 62 per cent of their outstanding dues despite the liquidation value of the company being around Rs 13,000 crore

Jaypee Infratech, a subsidiary of crisis-hit Jaiprakash Associates, went into insolvency process in August 2017 after the NCLT admitted an application by an IDBI Bank-led consortium

Reliance Industries stock will remain in focus as RIL is seen as a major beneficiary after Jio announced tariff hike on Sunday.

P&A Law Offices, which represents and advises nine registered homebuyers associations, has written a letter to Kuldeep Verma, who is an authorised representative of homebuyers in a committee of creditors (CoC)

The letter dated November 11 asks insolvency professionals to give reasons for non-completion, and name the person(s) responsible for non-completion, if any, 'to enable the board to seek appropriate legal remedy permissible under the IBC for any contravention causing such non-completion'

What is the fate of the 12 large NPA accounts referred by the Reserve Bank of India (RBI) to the then newly-implemented Insolvency and Bankruptcy Code (IBC) for resolution?

The Supreme Court directed all stakeholders including homebuyers to make representation to NBCC within one week so that their concerns are taken note of in the revised plan