Page 2 - Ibc

Insolvency law crucial in improving health of banking sector: FM Sitharaman

Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Insolvency and Bankruptcy Code (IBC) has been a main and very crucial factor in improving the health of the country's banking sector, including recovery of non-performing assets. Piloting a bill for further amending the IBC in the Lok Sabha, the minister stressed that companies have been doing well and their corporate governance practices have also improved after coming out of the insolvency resolution process. She made the remarks while replying to the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, as reported by the Select Committee. The Bill has proposed 12 amendments to the IBC, which came into force in 2016. The IBC has been a main and very crucial factor in improving the health of the country's banking sector, Sitharaman said, adding that more than half of the NPAs (Non-Performing Assets) have been recovered by the banks through the resolution process. On August 12, 202

IBC helped recover over ₹4 trillion in last decade: Anurag Thakur

The introduction of the Insolvency and Bankruptcy Code (IBC) has led to the recovery of over Rs 4 lakh crore in the last decade through the resolution of bankrupt companies, senior BJP MP Anurag Thakur said in the Lok Sabha on Wednesday. Participating in the debate on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, Thakur said IBC is not a recovery mechanism but a revival and resurrection of the company. The IBC enacted in 2016 has done a recovery of 50 per cent, while the SARFAESI Act, 2002 (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) has done a recovery of 20 per cent, and the Debts Recovery Tribunals have done a recovery of 10 per cent, he said, adding, "This indicates greater efficiency of IBC." It has changed the debtor-creator relationship and companies and promoters are afraid of getting into insolvency after IBC. Citing instances, he said, about 32,000 applications have been withdrawn and the underlying debt of more

Committee of Creditors not beyond judicial oversight, says Supreme Court

The Supreme Court said CoC's commercial decisions are not immune from scrutiny where illegality or jurisdictional lapses are established

When resolution becomes recovery: Shift towards enforcement framework

The IBC was designed to address collective action problems and prevent a race for enforcement that destroys going-concern value

IBBI pushes transparency as CoC decisions in bankruptcy cases draw scrutiny

Recent proposals by the insolvency regulator aim to increase transparency and accountability in the Committee of Creditors' decisions after the Supreme Court flagged gaps in the IBC process

FinMin asks banks to step up efforts to reduce delays in IBC cases

At a review meeting, the finance ministry directed public sector banks to minimise adjournments and speed up CIRP filings, aiming to accelerate NCLT admission and resolution timelines

IBBI mandates listing all homebuyers in a firm's information memorandum

IBBI has required information memoranda to include details of all homebuyers, even those who have not filed claims, and introduced reforms to strengthen valuation standards under the IBC

IBBI proposes new norms to strengthen CoC oversight and transparency

IBBI's discussion paper recommends detailed CoC deliberation records, mandatory going-concern assessments and clarified rules on delayed claims to improve IBC transparency and discipline

Telecom spectrum can't be treated as asset under IBC: Supreme Court

Court holds spectrum is a material resource of the community and cannot form part of insolvency asset pool; DoT free to reclaim airwaves from defaulters

Telecom firms can't use IBC moratorium to defer spectrum dues, says SC

The Supreme Court ruled that telecom companies cannot use insolvency law to delay or restructure licence and spectrum dues, saying spectrum is a public resource, not a company asset

Budget 2026-27: FM Nirmala Sitharaman for 'a lot more on disinvestment'

Says IBC amendment Bill will come up in second half of Budget session

Supreme Court allows joint insolvency plea against linked realty companies

The Supreme Court has allowed a single insolvency plea against multiple real estate firms where entities are closely linked in a project's execution and operations

IBC transformed insolvency landscape, but challenges remain: DFS secretary

The Insolvency and Bankruptcy Code (IBC) has been a game-changer and has transformed the insolvency landscape by fostering transparency, accountability and efficiency in corporate dispute resolution and laying the foundation of a more resilient and robust economy, Financial Services Secretary M Nagaraju said on Wednesday. "Despite these achievements, several challenges still remain, which include timelines of resolutions and liquidations, resulting in value deterioration, low realisations to creditors and capacity constraints at National Company Law Tribunal (NCLT)," he said while addressing an event organised by IBBI and Insol India. The seventh amendment -- IBC Amendment Bill 2025, as recommended by the select committee, seeks to address some of these key challenges relating to delays in resolution and liquidation and low recovery rates, he said. "The bill also proposes, inter alia, introduction of provisions on group insolvency process, cross-border insolvency and the ...

The long road to recovery: Need to expand NCLT strength to reduce delays

India's bad loan problem is easing, but rising delays at the NCLT highlight the urgent need to expand tribunal strength to speed up insolvency resolution

The Great Revival: A book that captures the CG Power turnaround story

How an out-of-the-box approach helped the company come back from bankruptcy

Section 29A and the cost of treating business failure as misconduct

The IBC must not conflate business failure with malfeasance, or an unfortunate entrepreneur with a fraudulent one

Fixing the fine print: What the IBC amendment is really trying to change

Focused on enforcement over fresh ideas, the IBC amendment Bill seeks to cut delays, curb conflicts of interest and bring greater certainty to insolvency resolutions

Recovery under IBC improves to nearly 37% in FY25 despite fewer cases

RBI data shows banks improved recovery outcomes under the IBC and SARFAESI in 2024-25 even as the number of cases referred for resolution declined

Best of BS Opinion: NCLT courts must fix institutional gaps

From tribunal capacity and procedural certainty to tanker seizures that could hit India's economy, today's Best of BS Opinion also looks at Budget-impact laws, AI agents, and a book on sanctions

Need clear timelines for NCLAT to dispose of appeals: Panel on IBC Bill

A parliamentary select committee has flagged the absence of timelines for the NCLAT in the IBC Amendment Bill, 2025, and proposed a three-month statutory deadline to curb appellate delays