Page 2 - Bankruptcy Norms

Companies can now register themselves as insolvency professionals

Earlier, the regulations only allowed the IPEs to provide support services to insolvency professionals

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

IBBI discussion paper proposes increasing fees on service providers

The Board is short of about Rs 21 crore to be self-sufficient and must shift from relying on the government, it says

Jayaswal Neco case to help bankrupt cos, lenders to resolve debt faster

Lenders may sign out-of-court settlements with other bankrupt companies, ARCs

Save the bankruptcy code

Govt must step in to make necessary changes

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

Bankruptcy cases: Resolution professionals under attack from bidders, NCLT

The arbitrary way of handling of IBC cases by RPs has led to litigation and delayed resolution of bank debt worth Rs 3 trillion, say lawyers

Bankruptcy rules for individuals may be delayed due to workload of DRTs

The government planned to notify the bankruptcy provisions last year itself

Bankruptcy norms: Knee-jerk reactions to structural deformities

No major jurisdiction grants any preferential treatment to financial creditors in the context of right to participation or voting right in Committee of Creditors