Page 18 - Ibc

SBI to float $2-bn distressed asset fund; to bring in global partners

The size of the distressed asset fund is expected to be on the lines of the government of India-backed AIF for distressed housing projects

Best of BS Opinion: Does IBC work for financial companies?

From the manner in which dormant sub-nationalism is coming to the surface to all that could possibly go wrong if the resolution of financial service providers happens under the IBC, here's a selection

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%

Is sheer size the biggest hurdle in the NCLT route for McLeod Russel?

Viability of the tea industry is another factor that is holding back companies from bidding for India's largest tea company

Govt to bring in ordinance to amend insolvency law to remove ambiguities

The Code has already been amended thrice and a Bill to amend it was introduced in the Lok Sabha on December 12

LS Speaker refers IBC Amendment Bill to standing committee on finance

It was passed by the Cabinet and subsequently introduced in the Lok Sabha during the Winter session earlier this month

Proposed changes to IBC may augur well, but apprehensions still remain

In its third year, IBC has managed to plug important gaps, but this is not the end of the road with issues coming to light at every turn

Over 9,600 cases worth Rs 3.75 trn disposed of at IBC pre-admission stage

Further, the ministry said that in the 161 resolved cases, the realisable amount is Rs 1,56,814 crore

Amended IBC sets threshold for initiating corporate insolvency cases

The IBC has taken a big step in providing a clean slate to buyers of stressed companies

The right reaction

Govt steps in again to protect the IBC

Stressed asset buyers get protection after Cabinet clears IBC amendment

Cabinet clears Code amendments to shield new owners from criminal liabilities

Liquidity crunch is mostly behind us, says Tata Sons' N Chandrasekran

Chandrasekran said the goods and services tax (GST) regime and the Insolvency and Bankruptcy Code (IBC) are historic decisions.

Will ensure regulations are 'grounded on realities': IBBI chairman Sahoo

Sahoo said the IBC has re-defined the debtor-creditor relationship and brought in significant behavioural changes among the stakeholders

DHFL insolvency proceedings: Irdai rules out troubles for two insurers

The two insurance subsidiaries of the crippled mortgage lender Dewan Housing Finance (DHFL) are unlikely to be impacted by the ongoing bankruptcy proceedings of their parent as they continue to have adequate solvency ratios, Irdai chairman SC Khuntia said on Friday. He also asked insurance companies to write off their exposure to the bankrupt DHFL as they did in case of IL&FS. DHFL, admitted for bankruptcy proceedings on December 3, has two insurance joint ventures -- DHFL Pramerica Life Insurance and DHFL General Insurance. DHFL Pramerica Life, launched in 2008, is a joint venture between DHFL Investments, a wholly-owned arm of DHFL, and Prudential International Insurance Holdings of the US, has Rs 4,675 crore assets under management and employs 3,100. DHFL General Insurance, on the other hand, is a fully-owned subsidiary of Wadhawan Global Capital, the holding company of the HDFL Group, and manages USD 18.6 billion assets through its lending, investment and ...

Govt moves NCLAT against NCLT order making MCA party in all IBC cases

The appellate tribunal is expected to hear the case on Friday

Recoveries from Odisha Slurry Pipeline under CIRP could be low: Srei fund

IGOF has written to the resolution professional and the committee of creditors, requesting that OSPIL be withdrawn from CIRP

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

RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT

DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion

Aviva Life settles Apeejay Trust's Rs 27-lakh insolvency case in NCLT

Earlier this month, the NCLT had ordered to initiate insolvency proceedings against Aviva Life Insurance in a case filed by Apeejay Trust