Page 16 - Ibc

IBC and SARFAESI Act confusion again as RBI takes up Aircel case

How two laws dealing with insolvent companies may work at cross-purpose at times

Videocon Industries: Between a long-drawn IBC process and a hard place

The former giant of the Indian corporate world is caught on the shoals of a long-drawn insolvency process even as lenders face the prospect of losing most of their money

AGR case: Supreme Court puts spectrum users in the dock on IBC firms' dues

Such telcos should pick up AGR bill, says apex court

Suspension of some IBC provisions aimed at rescuing viable companies: Sahoo

IBBI said that some IBC provisions were suspended due to the Covid-19 situation and there is no complete ban or prohibition on lenders with regard to proceedings for corporate defaults

Insolvency law: IBBI lists out red flags to detect avoidance transactions

Resolution professionals and liquidators can also facilitate claw-back or disgorgement of value, if any, lost through avoidance transactions

Ruchi Soya Industries hit down limit after soaring 3 times in 22 sessions

Market players said the stock is easily prone to manipulation as hardly any shares are with the public

President approves ordinance to suspend IBC, offer 6-month relief to firms

Reprieve can be extended up to a year via govt notification; default committed before March 25 not to enjoy benefit

Covid to drag down recoveries from stressed assets by 40% in FY21: Icra

Suspension of new IBC action to impact resolution; lenders may also have to take bigger haircuts

Suspension of IBC can affect resolution efforts and shift focus to recovery

On Wednesday, the Union Cabinet gave approval to the suspension of the IBC for Covid-19-related stress

New-look inter-creditor agreement on the cards as IBC process suspended

The Indian Banks' Association can be expected to begin formal discussions with the wider banking fraternity over the next fortnight

Both debtors & creditors will be wary of using IBC in short term: M S Sahoo

As the banking system gears up to support businesses in face of defaults due to Covid 19, resolution of stressed assets could be the next big task for system, says M S Sahoo

Best of BS Opinion: The economic fallout, coronavirus outbreak, and more

Here is a summary of Business Standard opinion pieces for the day

Say no to banks

Suspending IBC for an extended period would destroy it

Giving teeth to bankruptcy code

By adopting a few steps many companies that have no alternative but to go to the NCLT to keep themselves from closing down can be saved

Banks want IBC proceedings in all pending cases to be suspended for 2 years

Fall in valuation, lack of demand cited as reasons

Focus on capital formation policy

It is vital to ensure that the clamour for suspending bankruptcy laws does not translate into reality

Dhanuka Lab implements resolution plan for debt-ridden Orchid Pharma

The resolution plan will fetch the secured lenders around 32.3% recovery

GST compliance of companies under IBC: Gaps in the new mechanism

The gaps need to be plugged immediately if this long-standing issue has to be addressed keeping in mind the intent and objectives of IBC, 2016

Covid-19 impact: Banks want NPA forbearance for next two quarters or more

An account becomes NPA if default is beyond 90 days. With the present crisis, a huge number of accounts will fall in this category in the next two quarters

Top headlines: Nationwide lockdown, Flipkart halts new orders, and more

From telcos facing connectivity challenge, medicine supply hit to govt mulling OBC suspension, Business Standard brings top headlines of the day