Insolvency Bill

Foreign creditors are permitted to participate in Indian insolvency proceedings

The RP acts as the "eyes and ears" for the six blind men, providing them with an independent "right" perspective

According to IBBI data, of the 816 ongoing CIRPs, more than 29% of the cases have breached the extended 270-day deadline within which resolutions were to be completed, and 19% have crossed 180 days

Called resolution professionals, or RPs, they are appointed by courts to revive or wind down delinquent companies. But they face treacherous terrain

Last week, Jindal announced two investments of $600 million in the US

The IBBI is implementing the IBC, under which resolution process needs to be completed within 270 days

Bahram Navroj Vakil says the bigger the haircut for the bank, the more the government would have to infuse capital

Lok Sabha passes Insolvency and Bankruptcy Code Amendment Bill

The Bill could help SMEs, as promoters who have filed resolution plan can pay up dues to regain company