Page 24 - Latest Updates on IBC
Bankruptcy code: 701 firms face cases under CIRP, 87 to be liquidated
The resolution process of 241 stressed companies went beyond the mandatory 270 days of which 73 firms are going into liquidation
 "Bankruptcy code: 701 firms face cases under CIRP, 87 to be liquidated")
Govt ready to make further changes to IBC if needed, says official
The Code, which comes under the corporate affairs ministry, has already been amended twice
 "Govt ready to make further changes to IBC if needed, says official")
IBC process: Creditors pick Tata Steel as H1 bidder for Bhushan Power
In Tuesday's meeting, Tata Steel, JSW Steel and Liberty House were understood to have made presentations before the CoC
 "IBC process: Creditors pick Tata Steel as H1 bidder for Bhushan Power")
Financial creditors recover over Rs 470 billion in 26 cases under IBC
Corporate Affairs ministry struck off the names of about 226,166 companies from official records for being inactive and not making statutory filings for a long time, says P P Chaudhary
 "Financial creditors recover over Rs 470 billion in 26 cases under IBC")
Bankruptcy law is kick Indian firms needed to pay up: IBC chairman
India is also planning regulations on cross-border insolvency to pursue foreign assets of a defaulting company
Legal challenges could undermine IBC
The Indian Bankruptcy Code lays down the Corporate Insolvency Resolution Process to be followed in handling corporate insolvency
 "Legal challenges could undermine IBC")
Insolvency and Bankruptcy Code: Cleaning the books
The Reserve Bank of India asked banks to refer 12 major non-performing accounts to the National Company Law Tribunal for resolution
 "Insolvency and Bankruptcy Code: Cleaning the books")
IBC: The only way out is through
The implementation of the Insolvency and Bankruptcy Code is far from finished and new work is required
 "IBC: The only way out is through")
Insolvency and Bankruptcy Code can help deepen bond markets: Ajay Tyagi
The bankruptcy law was enacted to ensure time-bound settlement of insolvency
 "Insolvency and Bankruptcy Code can help deepen bond markets: Ajay Tyagi")