Page 4 - Bankruptcy Code

India's bankruptcy code process for creditors, defaulters

As it begins to cut the $150 billion in stressed debt hobbling Asia's number 3 economy

Government proposes to fast-track insolvency resolution for startups

Comments have been sought from the public till May 8 on the draft IBBI

35 corporate insolvency resolutions are in progress

We had freedom of entry, to compete and now we have freedom to exit, says IBBI chief

Slow notification impacts bankruptcy code

The current law is somewhat biased in favour of the debtor, say experts

Draft bill on resolution of financial firms credit positive: Moody's

Moody's says that having a comprehensive framework in place for stressed financial firms is an important step

Anirudh Burman & Rajeswari Sengupta: Clear the air before enforcing Bankruptcy Code

Poor regulation of the insolvency professional industry will lead to poor bankruptcy outcomes

Insolvency law changes were delayed for 56 yrs: Bhupender Yadav

Interview with Rajya Sabha MP and member of Parliamentary panels to study key legislation

Debashis Basu: Handling bankruptcy - many loose ends

Less than two months ago, the government managed to give India a new law to deal with every kind of bankruptcy or insolvency

Govt drafting separate bankruptcy law for financial cos: Jayant Sinha

Last month, Parliament passed the Insolvency and Bankruptcy Code that unifies more than four overlapping sets of laws

Bankruptcy Code of limited use for current asset woes: Moody's

Pointing to the limited legal infrastructure at hand, rating agency Moody's on Thursday said banks in India may get limited help from the new Bankruptcy Code to solve current asset quality woes.In particular, banks would still have limited avenues available to dispose of distressed assets. The lenders would, in general, remain reluctant to make appropriate haircuts to reflect their current weak operating conditions.Moody's said in press statement the bankruptcy law was credit positive for Indian banks, but challenges remained.India's new Bankruptcy Code would significantly boost the bargaining power of creditors against large debtors for the resolution of distressed assets. "The current weak legal framework for asset resolution has been a key structural credit weakness for Indian banks," said Srikanth Vadlamani, a Moody's vice-president and senior credit officer.The proposed new rules address several key inefficiencies in the current resolution regime, the rating agency said.Moody's al

Ben Merton: The elephant awakens, after a long sleep

The passage of the Bankruptcy Code could set the stage for other important legislation that may see India undergo more economic change than all governments combined since the reforms implemented by P V Narasimha Rao in 1991-93

Shamed can start afresh

The new Bankruptcy Code allows individuals to use the insolvency resolution route to relieve their financial liabilities. But secured debt, and some other commitments are excluded

Bankruptcy Code to give fillip to ease of doing biz: FinMin

Says the Bankruptcy Code will take India from among relatively weak insolvency regimes to one of the world's best insolvency regimes

Bankruptcy code: Banks to gain but down the line

The Code will consolidate the existing laws on liquidation and sick units

Passage of India's bankruptcy code will attract greater FDI: USIBC

On June 7, USIBC will welcome Prime Minister Narendra Modi as the guest of honour for its 41st Annual Leadership Summit

Rajya Sabha passes Bankruptcy Code

Law to ensure time-bound winding up of entities

'Clubbing creditors could lead to unintended consequences'

The Code appears to club secured creditors with unsecured creditors. This treatment could lead to certain unintended consequences

'The Bankruptcy Bill improves protection for blue-collar employees'

The original Bill contained a provision that required insolvency professionals to deposit a performance security at the time of their appointment

Bankruptcy Code positive financial sector reform: Nomura

Japanese financial services major says there are multiple laws dealing with insolvency in India which lead to delays

Lok Sabha clears bankruptcy code

The proposed Insolvency and Bankruptcy Code aims to slash the time it takes to wind up a company or recover dues from a defaulter