Insolvency And Bankruptcy Code Of India IBC

Govt-appointed committee planning to recommend amendments to bankruptcy code to make this happen

India must guard against perverse bankruptcy judgments, such as the one on Essar Steel

Govt has moved fast to address IBC problems

Several government bodies have questioned the validity of resolution plans that reduces their claims

How the IBC transformed into a tool to stigmatise business failure

The Insolvency and Bankruptcy Code has altered the relationship between debtors and creditors for the better, but small and medium enterprises have gained nothing

Bankers say there is palpable fear among erring promoters that the banking system just cannot be taken for granted, and any delay in loan repayment could mean promoters losing business

According to the scheme, Rs 5 bn of sustainable debt would be paid in 10 years to secured creditors on a quarterly basis with an interest of 8.10 per annum

Tata Steel is said to have put in a bid of Rs 245 billion, including capital infusion of Rs 75 billion

As such, related parties under the Insolvency and Bankruptcy Code have now been defined in sync with the Companies Act

He further said the government is seriously considering this issue but we have to see what finally comes out

Monnet Ispat is one of the 12 companies which RBI had referred to NCLT for insolvency proceedings in June this year

If assets are sold to the same promoters, haircut for banks will be less since a new investor would want a higher discount for an unknown asset

Supreme Court order offers relief to foreign operational creditors who do not have bank account in the country

His tweets have proved prophetic when it comes to impending changes to the code

Recent IBC tweak limits promoters' capacity to convert their NPAs into standard assets by paying overdues

Cabinet clears ordinance to make it difficult for many promoters to take back insolvent firms

Fail to get desired results in all SDR cases, including RCom

For first time, 9 PSBs have taken a state-owned enterprise to task

We are trying our best to handle these cases with existing resources, said NCLT official