Page 3 - Ibc Resolution

Deadline 14 days, but time to decide on admitting insolvency cases goes on

Resolution professional in Anil Ambani insolvency case says that it had been more than a year since a suit for recovery was filed against the businessman

IBBI amends rules, creditors may get power to remove liquidator under IBC

IBBI wants liquidation timeline reduced

Srei's Hemant Kanoria to challenge report alleging fraud at group firm

Transaction auditor's methodology 'opaque' and legal fight over it could derail resolution process, say sources close to Kanoria.

Where does IBC stand five years after RBI's 'dirty dozen' announcement?

The Insolvency and Bankruptcy Code, 2016 was introduced to tackle bad loan problems. But it has been plagued with high haircuts for banks and delays. What can be done to achieve a quicker resolution?

Nearly half of insolvency proceedings led to liquidation rather than rescue

IBBI latest data suggest only 14 per cent yielded resolution plans since the inception of IBC

Deadline for Reliance Cap resolution plans extended till June 30: Report

So far only eight out of 54 Prospective Resolution Applicants (PRAs) have engaged with lenders of the bankrupt firm.

The wait gets longer for lenders, homebuyers in Jaypee Infratech resolution

March 31 deadline for Rs 22,600 cr debt resolution missed as litigation delays process; matter has been dragging on for five years instead of six-month deadline under IBC

CoC resolution plan can't be modified or withdrawn: Supreme Court

The IBC has seen higher acceptance in the last ten quarters as maximum cases were admitted during this time

Before IBC implementation, there used to be feudalism: CEA Subramanian

Chief Economic Advisor Krishnamurthy Subramanian on Friday said that before the Insolvency and Bankruptcy Code (IBC) was implemented, there used to be feudalism.

Over 17,800 cases disposed of at pre-admission stage under IBC: Official

The IBC, which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets.

NCLT admits application for initiating CIRP against McLeod Russel

Once the world's largest tea producer, McLeod Russel, part of the Brij Mohan Khaitan group company, is now India's largest with about 31 estates

Decoded: What is prepackaged insolvency resolution & how does process work?

The prepackage process for resolution has been popular in Europe and the US over the past decade

Creditors may realise Rs 55,000-60,000 cr through IBC in FY22: Report

The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common.

NBCC submits final bid to buy Jaypee Infra; Suraksha seeks more time

State-owned NBCC on Friday submitted its final bid to acquire Jaypee Infratech Ltd (JIL) while rival Suraksha group sought more time to make the final offer for the debt-laden realty firm

Voting on Suraksha offer for Jaypee Infra deferred; bidders get more time

Committee of Creditors gives Suraksha and NBCC India seven days to file revised bids.

DHFL gets no objection from RBI, files application with NCLT for resolution

DHFL on Thursday said it has received no objection from the Reserve Bank and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance. Earlier this week, DHFL had announced Piramal group's resolution plan getting approval from the RBI. Pursuant to the receipt of no objection from Reserve Bank of India as per Insolvency and Bankruptcy Rules, 2019, the administrator of Dewan Housing Finance Corporation Limited (DHFL) has filed an application for submission of resolution plan of Piramal Capital & Housing Finance Limited (PCHFL) with the adjudicating authority NCLT, Mumbai Bench, DHFL said in a regulatory filing. The resolution plan has been approved by the Committee of Creditors (CoC). In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings. It was the first finance company to be referred to NCLT by the RBI using ...

DHFL a test case whose successful resolution is critical for banking sector

Reports suggest a potential recovery of 35 per cent from the bid process compared to an average recovery of seven per cent

Nithia Capital, CarVal Investors complete purchase of two Uttam Group firms

Total consideration Rs 2,000 cr; companies were on RBI's second list of NPAs mandated for resolution under IBC

Videocon lenders, 12 other group companies to meet on Tuesday under IRP

The lenders of debt-ridden Videocon Industries and 12 other group companies will meet on Tuesday under the insolvency resolution process (IRP)

Not a penny to equity holders as DHFL bidders value firm's shares at zero

Investors baffled as DHFL had a market valuation of Rs 941 cr on Monday, with its stock trading at Rs 30 a share even after the company was sent for bankruptcy proceedings