Insolvency And Bankruptcy Code

NCLT approves Adani Enterprises' Rs 15,000 crore resolution plan for Jaiprakash Associates, dismissing Vedanta's objections and paving the way for takeover

The IBC was designed to address collective action problems and prevent a race for enforcement that destroys going-concern value

Union Cabinet clears amendments to IBC, Companies Act and LLP Act to ease compliance, strengthen insolvency processes and improve ease of doing business

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

The proposed changes will impart greater transparency and operational clarity to the insolvency resolution process, which in turn is expected to reduce delays

The insolvency estate encompasses enforceable rights and interests, no less than ownership of property

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

Supreme Court says telecom spectrum cannot be treated as a corporate asset under IBC, a move bankers say will dent recoveries in Aircel and RCom cases

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 Economic Survey warns India's insolvency tribunals could take nearly a decade to clear pending cases, flagging long delays as a key risk to the IBC regime

The Insolvency and Bankruptcy Code (IBC) has been a game-changer and has transformed the insolvency landscape by fostering transparency, accountability and efficiency in corporate dispute resolution and laying the foundation of a more resilient and robust economy, Financial Services Secretary M Nagaraju said on Wednesday. "Despite these achievements, several challenges still remain, which include timelines of resolutions and liquidations, resulting in value deterioration, low realisations to creditors and capacity constraints at National Company Law Tribunal (NCLT)," he said while addressing an event organised by IBBI and Insol India. The seventh amendment -- IBC Amendment Bill 2025, as recommended by the select committee, seeks to address some of these key challenges relating to delays in resolution and liquidation and low recovery rates, he said. "The bill also proposes, inter alia, introduction of provisions on group insolvency process, cross-border insolvency and the ...

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

The Supreme Court, in one of its judgments, had said that a shortfall of members and the lack of requisite strength has led to tribunals only sitting for a few days of the week or a few hours in a day

A parliamentary select committee has flagged the absence of timelines for the NCLAT in the IBC Amendment Bill, 2025, and proposed a three-month statutory deadline to curb appellate delays

The NCLT, in its order earlier this week, admitted Canara Bank's plea to initiate insolvency proceedings against Embassy Developments Ltd

The IL&FS Group will initiate before insolvency tribunal NCLT the process to recover Rs 187 crore excess remuneration paid to its former directors and two subsidiaries, who have refused to return the excess managerial remuneration, according to the latest affidavit filed by the debt-ridden firm before NCLAT. Moreover, IL&FS is also going to reopen the financial statements for 2018-19 and 2019-20. It has received approval from NCLT for incorporating impacts arising from the recast financial statements. "Such revised financial statements for FY 2018-19 have been prepared and are being audited by statutory auditors appointed by NCLT. The revised financial statements will be finalised before the end of 31st December 2025," the IL&FS Group said. Last year, books of accounts and financial statements of IL&FS and its two subsidiaries -- IFIN and ITNL -- were recast on the directions of the National Company Law Tribunal (NCLT) for five years -- FY 2013-14 to FY 2017-18 -- and .

System has strengthened credit discipline and tilted resolution process in favor of creditors, says agency

Two select committees were on Monday granted more time by the Lok Sabha to submit their reports on the insolvency law and Jan Vishwas provisions amendment bills. The matters were taken up amid Opposition din over the issue of Special Intensive Revision (SIR) of electoral rolls. The House has allowed time till the last day of the Winter session for a select committee to present its report on the Insolvency & Bankruptcy Code (Amendment) Bill, 2025. The bill was referred to the committee on August 12 immediately after introduction in the Lower House. The bill seeks to amend the insolvency law, proposing a raft of amendments, including an out-of-court mechanism to address genuine business failures, group and cross-border insolvency frameworks. On Monday, Lok Sabha also gave time up to the last day of the second week of the Winter session for another select committee to present its report on the Jan Vishwas (Amendment of Provisions) Bill, 2025. The government had introduced the bill on