Insolvency Code

Lenders say settlements will cross over 100 accounts in the March quarter

Section 29 (A) introduced to debar errant promoters and related parties from placing resolution plans

Report notes that Insolvency and Bankruptcy Code's success has been a mixed bag so far

Amtek Auto lenders look to invoke Section 74 against Liberty House

Apex court's observations came during a hearing challenging validity of IBC

There are eight such organisations and 162 registered valuers at present

The first of a two-part series explores how the proceedings under the IBC have taken off and whether the code is helping banks recover their unpaid loans

Experts say the new law is superior to a winding-up petition which was filed by creditors under the Companies Act

Banks have to be selective in pushing cases to the NCLT, cautioned the Srei Infrastructure Finance CMD

IBBI's circular is not likely to affect the big 12 cases referred by banks on Reserve Bank of India order for insolvency, say experts, as IPEs are not involved in those cases

This would be followed by the regime for individuals who are doing business -- proprietorship or partnership firms

Videocon hit its lower circuit of Rs 16.70, down 4.84%, while Jaiprakash Associates dipped nearly 2% to Rs 17.65 on the BSE

In August, the Reserve Bank had asked banks to either resolve the 28 more large stressed accounts by December 13

NCLT upholds moratorium on claims against companies undergoing insolvency proceedings

Other sectors like food, beverage and hospitality had 43 cases, textiles (22) and steel (15)