Ibc

NCLT allows withdrawal of insolvency process against ATS Le Grandiose

In an order dated May 5, the tribunal allowed withdrawal of CIRP following an amicable settlement with lenders under Section 12A of the Insolvency and Bankruptcy Code

SC flags 'grim' delays in NCLT clearing insolvency resolution plans

The Supreme Court has taken suo motu cognisance of delays in NCLT approvals, warning that prolonged timelines could undermine the objectives of the Insolvency and Bankruptcy Code

Mismatch between IBC and tax law clouds loss carry-forward benefits

A growing mismatch between insolvency and tax laws is raising uncertainty for companies, with tax authorities denying loss carry-forward benefits despite approved resolution plans

Reliance Infratel insolvency: SC court restores lenders' creditor status

Top court rules corporate guarantees qualify as financial debt under IBC, directs reconstitution of creditors' panel in Reliance Infratel insolvency case

SBI moves SC seeking review of spectrum ruling, cites IBC misread

SBI seeks Supreme Court review of spectrum ruling, warning it may undermine lender rights and disrupt financing across telecom and other regulated sectors

Vedanta challenges Adani's JAL plan, flags flaws in CoC scoring process

Vedanta has challenged Adani Group's JAL resolution plan at NCLAT, alleging flawed and opaque CoC scoring that undermined value maximisation under insolvency rules

IBC overhaul aims to cut delays and boost recoveries: Icra report

IBC amendments introduce a creditor-led fast-track insolvency route, tighten timelines and reduce procedural bottlenecks to improve recoveries and speed up resolutions

IBC Bill passed; FM highlights land authorities can join CoC meetings

Parliament passes IBC Bill allowing land authorities in CoC meetings, with around 50,000 homebuyers expected to benefit from pending real estate cases

CoC must list reasons for approving resolution plan in new IBC Bill: FM

The amended IBC Bill requires the Committee of Creditors to record reasons for selecting resolution applicants, while introducing timelines for NCLAT and faster approval of plans

Insolvency law crucial in improving health of banking sector: FM Sitharaman

Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Insolvency and Bankruptcy Code (IBC) has been a main and very crucial factor in improving the health of the country's banking sector, including recovery of non-performing assets. Piloting a bill for further amending the IBC in the Lok Sabha, the minister stressed that companies have been doing well and their corporate governance practices have also improved after coming out of the insolvency resolution process. She made the remarks while replying to the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, as reported by the Select Committee. The Bill has proposed 12 amendments to the IBC, which came into force in 2016. The IBC has been a main and very crucial factor in improving the health of the country's banking sector, Sitharaman said, adding that more than half of the NPAs (Non-Performing Assets) have been recovered by the banks through the resolution process. On August 12, 202

IBC helped recover over ₹4 trillion in last decade: Anurag Thakur

The introduction of the Insolvency and Bankruptcy Code (IBC) has led to the recovery of over Rs 4 lakh crore in the last decade through the resolution of bankrupt companies, senior BJP MP Anurag Thakur said in the Lok Sabha on Wednesday. Participating in the debate on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, Thakur said IBC is not a recovery mechanism but a revival and resurrection of the company. The IBC enacted in 2016 has done a recovery of 50 per cent, while the SARFAESI Act, 2002 (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) has done a recovery of 20 per cent, and the Debts Recovery Tribunals have done a recovery of 10 per cent, he said, adding, "This indicates greater efficiency of IBC." It has changed the debtor-creator relationship and companies and promoters are afraid of getting into insolvency after IBC. Citing instances, he said, about 32,000 applications have been withdrawn and the underlying debt of more

Committee of Creditors not beyond judicial oversight, says Supreme Court

The Supreme Court said CoC's commercial decisions are not immune from scrutiny where illegality or jurisdictional lapses are established

When resolution becomes recovery: Shift towards enforcement framework

The IBC was designed to address collective action problems and prevent a race for enforcement that destroys going-concern value

IBBI pushes transparency as CoC decisions in bankruptcy cases draw scrutiny

Recent proposals by the insolvency regulator aim to increase transparency and accountability in the Committee of Creditors' decisions after the Supreme Court flagged gaps in the IBC process

FinMin asks banks to step up efforts to reduce delays in IBC cases

At a review meeting, the finance ministry directed public sector banks to minimise adjournments and speed up CIRP filings, aiming to accelerate NCLT admission and resolution timelines

IBBI mandates listing all homebuyers in a firm's information memorandum

IBBI has required information memoranda to include details of all homebuyers, even those who have not filed claims, and introduced reforms to strengthen valuation standards under the IBC

IBBI proposes new norms to strengthen CoC oversight and transparency

IBBI's discussion paper recommends detailed CoC deliberation records, mandatory going-concern assessments and clarified rules on delayed claims to improve IBC transparency and discipline

Telecom spectrum can't be treated as asset under IBC: Supreme Court

Court holds spectrum is a material resource of the community and cannot form part of insolvency asset pool; DoT free to reclaim airwaves from defaulters

Telecom firms can't use IBC moratorium to defer spectrum dues, says SC

The Supreme Court ruled that telecom companies cannot use insolvency law to delay or restructure licence and spectrum dues, saying spectrum is a public resource, not a company asset

Budget 2026-27: FM Nirmala Sitharaman for 'a lot more on disinvestment'

Says IBC amendment Bill will come up in second half of Budget session