Page 5 - Ibc Resolution

Can financial creditor sell assets of firms in liquidation? NCLAT to decide

The judgment is likely to have a big impact on the insolvency process and will decide if errant promoters have one last shot at regaining control of their company and its assets, experts said

Top 10 biz headlines: Infosys whistleblower case, IBC resolutions, and more

From Infosys' relationship with its clients after whistleblower allegations to IBC resolutions exceeding time limit, here are the top 10 business headlines for Tuesday

IBC resolutions exceed new time limit of 330 days prescribed by govt

In July, in a bid to expedite the resolution process, the government made amendments to the Insolvency and Bankruptcy Code (IBC) that included revising the time limit to 330 days

Govt asks PSBs to look for alternative resolution mechanism outside IBC

Banks have also been asked to promote the disbursement of Mudra loans

Corporate debtor needs immunity from criminal liabilities: JSW Steel MD

Seshagiri Rao pointed out a clarification on immunity to corporate debtor was required as there could be claims from other departments of govt which could eventually result in some problem

DHFL resolution plan: Lenders to take zero haircut on principal amount

Firm seeks moratorium on repayments

IBC is finding more takers, but the process is getting painfully slower

There is a higher degree of asset resolution in cases where the claims are smaller, while high-profile cases are ending up with bigger haircuts

Two years of IBC: Resolution for just 34 defaulters out of 91 cases

One major issue in the implementation of the IBC and CIRP is that the strict prescribed time-lines for finding resolutions has not been adhered to, uniformly across cases

NPAs worth over Rs 4 trillion to be resolved by 2018 end: India Ratings

This is about 45 per cent of bad loans worth Rs 10.2 trillion standing in the books of the top 500 debt-heavy corporates

Treat home buyers as financial creditors for easy resolution process: IBC

The recommendation, once implemented, would provide relief for home buyers facing hardships due to incomplete real estate projects

CoC can withdraw insolvency process if 90% votes for such a move: IBC panel

IBC review panel recommends allowing withdrawal of cases if creditors approve

PNB puts 9 large stressed accounts under IBC resolution

The lender said there is a trend of declining stress on its balance sheet