Page 15 - Ibc

IBC ordinance allows prepack for MSMEs, eases resolution with minimum pain

Ordinance is designed to ensure quicker, cost-effective and value maximising outcomes for all stakeholders in a manner that least disrupts their businesses and preserves jobs too

Diamond in the rough: Why NINL is attracting interest from all the big boys

Why the sale of a loss-making public sector steel company, which has been closed for over a year, is attracting interest from all the big boys of the industry

Special insolvency relief framework for Covid-hit MSMEs in the works

Such firms may be allowed to opt for pre-packaged deal

Liquidation an outcome of market forces: IBBI chairperson M S Sahoo

Sahoo was responding to the criticism that only 25 per cent of IBC cases end up in resolution while the remaining get liquidated

Top headlines: Apple's India plans, raw material crunch for vax maker, and more

With just about a fortnight left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely

M S Sahoo explains achievements, evolution, and challenges of the IBC

IBC is an option; stakeholders may not use it even if freeze not extended, says M S Sahoo

SC appalled over arrest of court-appointed Interim Resolution Professional

Anuj Jain was appointed by the top court under the Insolvency and Bankruptcy Code (IBC) and was entrusted with the task to ensure functioning of Jaypee Infratch

Best of BS Opinion: Fragile democracy, IBC set to resume, and more

Here's a selection of Business Standard opinion pieces for the day

100 homebuyers' nod must for IBC against realtor, says Supreme Court

The top court also clarified that a company which is facing insolvency proceedings under the IBC can move an insolvency petition against other companies which owe it money

Supreme Court upholds changes in IBC to initiate case against debtor firms

Justice Joseph, who wrote the 465-page judgement for the bench, upheld the amendments made in Sections 3, 4 and 10 of the IBC (Amendment) Act 2020

Bad Bank: Good idea, but timing and execution being questioned

Without beefing up the regulatory framework, moral hazard may outweigh advantages, say experts

Dhanlaxmi Bank may appoint former SBI official J K Shivan as its MD & CEO

Sunil Gurbaxani was voted out after bitter battle with the Board

Liquidations under IBC in Q2 jump, new applications remain subdued

Critics of the IBC have often pointed out that the delays in admission, resolution and liquidation might be making it an unattractive proposition

Pre-packaged scheme, special rules for MSMEs in amendments to IBC

Changes likely to be tabled in Winter Session of Parliament

Amtek Auto's lenders invoke personal guarantee of former promoter

The issue of personal guarantee of a corporate debtor under Insolvency and Bankruptcy Code has been challenged in various high courts

Under the IBC, enforcing personal guarantee remains a tall order

Insolvency law experts say that invoking personal guarantees goes against the spirit of the IBC

Lenders waiting for Godot in Videocon insolvency as IBC wheels turn slow

Banks have been waiting for their dues since 2017 as the issue over naming of resolution professional and consolidation of all group firms into one resolution plan delayed the whole process

Pause in IBC, internal issues halt takeover of stressed projects

Big developers are in wait-and-watch as leveraged developers have made use of the six-month loan moratorium, effectively avoiding defaults

Partial relief for firms as govt extends IBC suspension for three months

Companies were looking for a six-month extension; suspension doesn't apply to defaults before March 25

Govt proposes extending suspension of new bankruptcy filings: Report

The proposal is to extend the halt on new bankruptcy cases for another six months past its currently scheduled ending point this week