Page 2 - Latest Updates on IBC
SC overturning order in BPSL case a course correction for IBC: Experts
The SC has also addressed the issue of delays in the IBC due to litigation and extensions, which stand in the way of implementing a successful resolution plan
 "SC overturning order in BPSL case a course correction for IBC: Experts")
Indian real estate sector expects wave of reforms after SC judgment
2-judge Bench issued a wide-ranging set of 12 binding directions, including framing of specific guidelines for insolvency proceedings in real estate
 "Indian real estate sector expects wave of reforms after SC judgment")
Changes to insolvency rules welcome, but complex cases may overwhelm system
While many of the proposed amendments to the IBC, such as cross-border and group insolvency, will make the resolution process smoother, certain issues such as limited judicial capacity could weaken
 "Changes to insolvency rules welcome, but complex cases may overwhelm system")
IBC Amendment: More clarity, less reform, focuses on incremental fixes
By sidestepping deeper structural issues and leaning on delegated legislation, it offers incremental fixes where the system needs a transformative overhaul
 "IBC Amendment: More clarity, less reform, focuses on incremental fixes")
Want fresh resolution process: BPSL ex-promoters to Supreme Court
SC recalls earlier order liquidating BPSL; promoters call for fresh bidding as legal experts flag rare instance of review under IBC and Article 142 powers
 "Want fresh resolution process: BPSL ex-promoters to Supreme Court")
IBBI calls for CoC to discuss, record section 29A eligibility under IBC
The idea behind the proposed changes to IBC regulations is to bring more transparency and procedural fairness to corporate insolvency resolution
 "IBBI calls for CoC to discuss, record section 29A eligibility under IBC")
Resolution process: Govt must address emerging gaps in the IBC framework
Even as the matter is being heard in the court, the government would be well advised not to ignore the earlier judgment
 "Resolution process: Govt must address emerging gaps in the IBC framework")
IBC enabled debt resolution of ₹26 trillion in 9 years, says Crisil
The Insolvency and Bankruptcy Code (IBC) has led to the resolution of Rs 26 trillion in debt over nine years, creating significant deterrence among borrowers and offering flexible resolution framework
Nearly a decade into its existence, IBC framework needs to be reimagined
The famous "tareekh pe tareekh" dialogue from the Hindi movie Damini captures where we are now
 "Nearly a decade into its existence, IBC framework needs to be reimagined")
Parliamentary panel on finance to meet today, review IBC, emerging issues
The central government is likely to bring an amendment in the Insolvency and Bankruptcy Code (IBC) in the upcoming monsoon session of Parliament
 "Parliamentary panel on finance to meet today, review IBC, emerging issues")
Lenders ask bidders to sweeten offers for debt-laden Jaiprakash Associates
CoC in final phase of assessing resolution plans from 5 shortlisted bidders
 "Lenders ask bidders to sweeten offers for debt-laden Jaiprakash Associates")
RBI Governor Sanjay Malhotra to appear before House panel on July 10
At its previous two meetings on the subject on May 28 and 29, the parliamentary standing committee on finance had flagged "ambiguities" in the IBC
 "RBI Governor Sanjay Malhotra to appear before House panel on July 10")
IBC cases breaching resolution timeline hit 78% in FY25: Ind-Ra report
Ind-Ra notes rising resolution timelines and lowest recovery levels since FY21 under the IBC framework, cautioning this could affect bond market deepening and investor confidence
 "IBC cases breaching resolution timeline hit 78% in FY25: Ind-Ra report")
Parliamentary panel to review IBC and propose reforms for efficiency
The Centre is expected to table an amendment Bill in the monsoon session as a parliamentary panel examines the Code amid concerns flagged by the Supreme Court
Parliamentary panel flags 'ambiguities' in IBC; govt mulls amendments
Following the status quo put on BPSL's liquidation, a parliamentary panel has deemed the existing IBC not up to the mark
IBBI allows RPs to invite resolution plans for individual asset sales
Amendments to IBBI regulations enable flexibility in insolvency resolution by permitting asset-wise resolution plans with committee of creditors' approval
IBC not meant to shield violators of consumer rights from prosecution
The Supreme Court observed that staying the penalties imposed by the National Commission would set a dangerous precedent, allowing developers to delay justice by invoking insolvency proceedings
60% resolution plans under IBC approved in last three years: IBBI data
IBBI data reveals 30,000 cases with defaults of Rs 13.8 trillion settled pre-admission under IBC till December 2024; creditor recovery at 32.8 per cent by March 2025
Govt likely to amend IBC to scrap prior CCI nod for insolvency bids
Experts feel a clarity by the government on this matter would bring relief to bidders who were concerned about approaching CCI before the CoC approval
IBC requires urgent reforms to meet demands across various sectors
Court orders and reforms do not compensate for the legislative clarity needed in IBC for sector-specific insolvency processes