Page 4 - Ibc Resolution

Fresh IBC suspension, pandemic may hit stressed assets resolution pace

Suspension of fresh proceedings under the insolvency law as well as the NCLT switching to virtual hearings seem to have put the brakes on the pace of resolution process for stressed assets

Little relief in sight for RCom lenders 17 months after insolvency action

Insolvency against bankrupt telecom company and two arms restarted last May after NCLAT lifted stay on proceedings; Rs 91,000 crore worth claims have been admitted against the firm.

Path to restart Jet Airways operations tough, uncertain, says expert

He also said that the "terms" accepted by the Jet Airways creditors did not make sense to CAPA

NCLAT rejects plea challenging NCLT's resolution plan of Uttam Value Steel

Uttam Value Steels has an admitted debt of Rs 3,003 crore

IBC faces test again as top court hears Bhushan Power & Steel case

ED objected to the applicability of Section 32A of the Insolvency and Bankruptcy Code (IBC) to the JSW-Bhushan deal

Implementing approved resolution plans amid Covid a challenge for India Inc

Experts point out the basic philosophy of the Code is to refer to the commercial wisdom of the CoC

Resolution professionals latch on to older cases, new restructuring windows

Over 13,000 IBC applications are currently pending in NCLT, where only matters seen as urgent are being heard

Jet Airways: Insolvency resolution process deadline extended till Aug 21

According to a regulatory filing, 69 days of lockdown period from March 24 to May 31 would be excluded for computing the CIRP deadline

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

A luxury yacht and 5-year-old firm in middle of an unusual insolvency case

The luxury vessel has been docked on the banks of Hooghly for nearly a year without generating any business for the company

Recovery of stressed assets improved marginally in FY19 driven by IBC: RBI

The amount involved under IBC was Rs 1.66 trillion and more than Rs 70,819 crore was recovered, with a recovery rate of 42.5%

Stressed asset buyers get protection after Cabinet clears IBC amendment

Cabinet clears Code amendments to shield new owners from criminal liabilities

IBC report card: In 3 years, 48% cases initiated by operational creditors

Financial creditors initiated around 1,086 cases or 43 per cent

Firms under IBC: Govt to allow resolution professionals to make filings

The RP is not empowered to carry on compliances such as signing and uploading the audited and unaudited financial results

MFs unlikely to get priority in DHFL refund, haircut imminent: Experts

Experts are also of the view that the fund houses would have to take a haircut, much against their wish of incurring any such paring down of their refunds

Lenders likely to opt for IBC for debt resolution of big accounts

May resort to debt recovery tribunals or Sarfaesi Act for the smaller ones

Govt notifies insolvency rules for financial service providers' resolution

The move also comes against the backdrop of instances of various FSPs facing problems

Insolvency resolution: Share of operational creditors reduces to 48% in Q2

The share of financial creditors has risen from 40 per cent to 43 per cent in the same period

Resolution of financial service providers possible under IBC: IBBI chief

Currently, resolution of stressed financial institutions cannot be taken up under the Insolvency and Bankruptcy Code (IBC).

Corporate debtors set to get IBC immunity against attachment of assets

The MCA has received several representations from companies including JSW and Tata Steel regarding issues that cropped up after the closure of the insolvency and bankruptcy process