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The amended IBC Bill requires the Committee of Creditors to record reasons for selecting resolution applicants, while introducing timelines for NCLAT and faster approval of plans
Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said that more than half of the NPAs (Non-Performing Assets) have been recovered by the banks through the resolution process
Participating in the debate on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, Thakur said IBC is not a recovery mechanism but a revival and resurrection of the company
The Supreme Court said CoC's commercial decisions are not immune from scrutiny where illegality or jurisdictional lapses are established
The IBC was designed to address collective action problems and prevent a race for enforcement that destroys going-concern value
Recent proposals by the insolvency regulator aim to increase transparency and accountability in the Committee of Creditors' decisions after the Supreme Court flagged gaps in the IBC process
At a review meeting, the finance ministry directed public sector banks to minimise adjournments and speed up CIRP filings, aiming to accelerate NCLT admission and resolution timelines
IBBI has required information memoranda to include details of all homebuyers, even those who have not filed claims, and introduced reforms to strengthen valuation standards under the IBC
IBBI's discussion paper recommends detailed CoC deliberation records, mandatory going-concern assessments and clarified rules on delayed claims to improve IBC transparency and discipline
Court holds spectrum is a material resource of the community and cannot form part of insolvency asset pool; DoT free to reclaim airwaves from defaulters
The Supreme Court ruled that telecom companies cannot use insolvency law to delay or restructure licence and spectrum dues, saying spectrum is a public resource, not a company asset
Says IBC amendment Bill will come up in second half of Budget session
The Supreme Court has allowed a single insolvency plea against multiple real estate firms where entities are closely linked in a project's execution and operations
To facilitate an expeditious resolution process under IBC and to ensure proper implementation of IBC, six amendments have been carried out in the IBC since its inception in 2016
India's bad loan problem is easing, but rising delays at the NCLT highlight the urgent need to expand tribunal strength to speed up insolvency resolution
How an out-of-the-box approach helped the company come back from bankruptcy
The IBC must not conflate business failure with malfeasance, or an unfortunate entrepreneur with a fraudulent one
Focused on enforcement over fresh ideas, the IBC amendment Bill seeks to cut delays, curb conflicts of interest and bring greater certainty to insolvency resolutions
RBI data shows banks improved recovery outcomes under the IBC and SARFAESI in 2024-25 even as the number of cases referred for resolution declined
From tribunal capacity and procedural certainty to tanker seizures that could hit India's economy, today's Best of BS Opinion also looks at Budget-impact laws, AI agents, and a book on sanctions