Page 17 - Latest Updates on IBC
Realisation of 823 firms under IBC only 7% of admitted claims till January
Till January, financial creditors had recovered around 44.01 per cent
 "Realisation of 823 firms under IBC only 7% of admitted claims till January")
3 years of IBC: 7 charts offer insights into how the system has evolved
The amount recovered by financial creditors has varied, and does not show a clear improvement
 "3 years of IBC: 7 charts offer insights into how the system has evolved")
After resolution of big steel cases, banks expect low recoveries from IBC
A senior banker with a public sector bank said, not more than 30% recovery was expected from the RBI's second list
 "After resolution of big steel cases, banks expect low recoveries from IBC")
A good score-card
Increase in insolvency cases could pose challenges
 "A good score-card")
Key data that shows the progress IBC has made in saving a firm in distress
The latest data shows while the number of cases admitted to CIRP has almost doubled, so have the liquidations
 "Key data that shows the progress IBC has made in saving a firm in distress")
Govt's NPA gameplan: Rs 4 trn recovered via IBC proceedings, says Thakur
Addressing the 70th annual function of the Institute of ICAI, the junior finance minister said when Modi assumed office in 2014 in his first term, NPA stood Rs 52 trillion.
 "Govt's NPA gameplan: Rs 4 trn recovered via IBC proceedings, says Thakur")
Corporation Bank Q3 net jumps 7-fold to Rs 421cr, gross NPA at Rs 19,557 cr
Income increased to Rs 6,051.93 crore, from Rs 4,112.29 crore. On a standalone basis, the net profit increased to Rs 420.68 crore in 3rd quarter ended December 31, 2019 from Rs 60.53 crore a year ago.
 "Corporation Bank Q3 net jumps 7-fold to Rs 421cr, gross NPA at Rs 19,557 cr")
Systemic change: Hits and misses of India's bankruptcy reforms code
IBC has had a carrot-and-stick effect - making companies serious about governance and bringing stuck capital back into the economy. It seems to be a work in progress, but the system is surely working
 "Systemic change: Hits and misses of India's bankruptcy reforms code")
With tweaks, June 7 circular will fly
The RBI is yet to come out with the reference date for loan accounts less than Rs 1,500 crore
Withdraw draft resolution plan of management: DHFL to stock exchanges
DHFL is now under corporate insolvency resolution process as per IBC
 "Withdraw draft resolution plan of management: DHFL to stock exchanges")
Budget 2020: Prakash Javadekar hints at 'action plan' for economic revival
Markets to open for regular trading on February 1
 "Budget 2020: Prakash Javadekar hints at 'action plan' for economic revival")
Explained: Why lenders prefer IBC over SARFAESI Act for recovery of dues
This, despite the fact that changes in the Act which come into effect shortly give primacy to secured creditors
 "Explained: Why lenders prefer IBC over SARFAESI Act for recovery of dues")
No wish for laws treating businesses with suspicion: FM Nirmala Sitharaman
This, after Tata Sons chairman said that businesses need supervision and not suspicion
 "No wish for laws treating businesses with suspicion: FM Nirmala Sitharaman")
Legislative adventurism
A proposal for a new law on bank resolution has already raised many troubling questions
 "Legislative adventurism")
SC agrees to examine validity of Centre's decision to amend IBC Ordinance
The bench issued notice to the Centre seeking its response on the pleas
Changes in IBBI norms bar re-entry of ex-promoters in cos under liquidation
The amendment is in line with the intent of the Section 29A of Code preventing any sort of re-entry of ex-promoters
Jaypee Infra's IRP approaches NCLT Allahabad for approval of NBCC's bid
Last month, NBCC won the bid to acquire Jaypee Infratech after financial creditors, including lenders and homebuyers, approved its resolution plan
 "Jaypee Infra's IRP approaches NCLT Allahabad for approval of NBCC's bid")
Here's why Insolvency and Bankruptcy Code is a policy masterstroke
From 161 resolved cases, the realisable amount stands at over Rs 1.6 trn
SBI to float $2-bn distressed asset fund; to bring in global partners
The size of the distressed asset fund is expected to be on the lines of the government of India-backed AIF for distressed housing projects
 "SBI to float $2-bn distressed asset fund; to bring in global partners")
Best of BS Opinion: Does IBC work for financial companies?
From the manner in which dormant sub-nationalism is coming to the surface to all that could possibly go wrong if the resolution of financial service providers happens under the IBC, here's a selection
 "Best of BS Opinion: Does IBC work for financial companies?")