Page 3 - Bankruptcy Code

IBBI fixes timelines for the liquidation process to reduce delays

If any claim is not filed during the liquidation process, the amount of claim collated during CIRP should be verified by the liquidator

New amendments to bankruptcy code look to boost returns of stressed assets

IBBI had invited comments from the stakeholders to suggest if parts of stressed assets could be sold off instead of as a whole

Central Bank withdraws IBC case as Aban Offshore pays one-time settlement

The company has repaid outstanding principal of Rs 121.78 crore to the bank, is in talks with other lenders for debt resolution plan

BoI takes Future Lifestyle to NCLT under bankruptcy code for due recovery

FLFL - in its filing with the BSE - said Saraf and Partners, advocates, on behalf of BoI, has served a petition under Section 7 of the IBC 2016

Top headlines: FRL to go under insolvency at NCLT; Wipro Q1 net falls 21%

Business Standard brings you the top headlines this hour

IBBI releases discussion paper aimed at improving value of stressed assets

Proposals call for marketing strategy where total claims exceed Rs 100 cr; creditors can also propose steps to market stressed assets

Reliance Capital debt resolution may be delayed over subsidiaries

Options of settling the finances of eight units of Reliance Capital that are financially sound leads to disagreement between bidders and administrator.

IBBI proposes mechanism to allow withdrawal from voluntary liquidation

The process to rescind would be the same as was followed to initiate it - approval by a special resolution, passed by members or partners

Asia defies dire predictions of a massive spike in corporate bankruptcies

Lockdowns worldwide prompted by the coronavirus outbreak have wrecked economic growth and led to bankruptcies of firms

$6 billion telecom bankruptcies left hanging in India as ministries argue

Government branches are delaying bankruptcy settlements in a country whose banks suffer the world's worst bad debt ratios.

Debt and coronavirus push Hertz Global Holdings into bankruptcy protection

By the end of March, Hertz Global Holdings Inc had racked up $18.7 billion in debt with only $1 billion of available cash

Systemic change: Hits and misses of India's bankruptcy reforms code

IBC has had a carrot-and-stick effect - making companies serious about governance and bringing stuck capital back into the economy. It seems to be a work in progress, but the system is surely working

Link capital infusion to banks' balance-sheet clean-up: Arcil chief

Recovery rates from bad loans have improved after the implementation of the bankruptcy code in 2016

LS passes amendments to Bankruptcy Code; 7 sections to be amended

Responding to the debate on the bill, Finance and Corporate Affairs Minister Nirmala Sitharaman said the liquidation of a company is not the sole agenda of the Insolvency and Bankruptcy Code

Provincial Insolvency Act needs to be repealed for the bankruptcy rules

Bankruptcy rules include those for corporate guarantors, proprietorship firms and individual insolvency

New bankruptcy code makes India golden bet for this distressed debt trader

India now accounts for 30 to 40 percent of the Hong Kong-based loan and bond trading firm's activities

Bankruptcy code paves way for clean business by promoting integrity: Finmin

The move is against unscrupulous elements in the business who were using the banks' money irresponsibly

Bankruptcy Code 'an example of hurried legislation', has gaps: Congress

Congress spokesperson Abhishek Manu Singhvi urged the government to seriously consider and try and plug as many loopholes as can be through the amendment

PSBs need to cut bad loans, will need more capital: Urjit Patel

RBI governor said 9.6% NPA in system worrisome, govt should empower banks to take a hit

Proprietary firms to come under bankruptcy code

After making the insolvency process easier for companies