Page 13 - Ibc

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.

Feudalism of corporate debtors gone after IBC implementation, says CEA

With the implementation of the insolvency law, the days of feudalism of corporate debtors where they had considered it their divine right to be in control are gone: Chief Economic Adviser

NCLAT admits McLeod promoter appeal, to decide on constitution of CoC

On August 6, the National Company Law Tribunal (NCLT) had admitted an application filed by Techno for initiating corporate insolvency resolution process (CIRP) against McLeod.

'IBC is a road under construction,' says IBBI chairperson M S Sahoo

Referring to the pre-pack scheme of insolvency resolution for micro, small and medium enterprises (MSMEs), he says it takes three-six months for the market to understand a new framework

Siva tests IBC: NCLAT's choice between judicial wisdom & commercial wisdom

Siva Industries, a machinery part-maker, was admitted to the bankruptcy court on July 5, 2019

Get more judges: Bankruptcy logjams make India no country for dying firms

Across India, 27 bankruptcy tribunals are being run by 29 judges; at least 25 short of what's required.

IBC reform helps insolvency professional assess avoidance transactions

Recent amendments by the Insolvency and Bankruptcy Board place the insolvency professional at the fulcrum of the resolution process.

CoCs need best practices code

'The delay in insolvency case resolution is another problem area where CoCs need to play a more proactive role', says the author

Bad loans: Prevention is better than cure

In managing the bad loan problem, IBC should be the last resort for banks

Siva industries' IBC proceedings: Lenders to appeal against NCLT order

The lenders plan to move the NCLAT as NCLT slammed the banks repeatedly for not voting on the one time settlement proposal made by the promoters

The unfairness of real estate bankruptcy resolution

'Real estate bankruptcy laws ought to be completely overhauled to right this egregious wrong', said the author

NCLT rejects Siva Industries' debt resolution under IBC, orders liquidation

Siva Industries was admitted to the bankruptcy court on July 5, 2019

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

RIL-Future deal: Lenders worried over big hair-cuts, IBC option open

Retail entity's cash flows have been hit, and if the merger deal does not go through, the working of restructuring would be under strain

Poor asset valuation, economic climate, NCLT delays see IBC losing favour

Less than 200 cases have been admitted to the National Company Law Tribunal till June after the suspension was lifted on March 24, revealed the Insolvency and Bankruptcy Board of India

Rajya Sabha adjourned for day amid protest, passes IBC (Amendment) Bill

Rajya Sabha was adjourned on Tuesday amid continuous protest by opposition parties over their demand for a discussion on the use of Pegasus spyware, farmers' agitation and other issues

Insolvency process: Parl panel suggests benchmark for 'quantum of haircut'

The Insolvency and Bankruptcy Code (IBC), which came into effect in 2016, provides for a market-linked and time-bound resolution of stressed assets.

Lok Sabha passes bill to amend insolvency law without debate

Minister of State for Corporate Affairs Rao Inderjit Singh moved the Bill for consideration and passage amid the din

The other side of IBC

Any restructuring of stressed accounts outside the IBC would not look credible till the performance of PSBs improves

Vijay Mallya's bankruptcy: What it means for fugitive businessman, lenders

As per British law, a bankruptcy trustee takes charge of a bankrupt person's financial and physical assets