Page 20 - Ibc

SC sets aside insolvency of Jignesh Shah's firm La-Fin Financial Services

Apex court says petition moved by IL&FS Financial Services filed after three years, falls outside limitation period

Operational creditors trigger 50% of insolvency resolution process: IBBI

Of the 2,162 CIRPs initiated, 1,080 have been by operational creditors and 868 are by financial creditors

Moving NCLT against a builder gone bust may not always work for homebuyers

Homebuyers should keep IBC as the last resort; if the delayed project is without encumbrances, they should explore self-development

Recent CoC decisions raise hopes for the return of errant promoters

Two recent CoC decisions give hope to those who were pushed out of their company's management due to IBC provisions

Nithia Capital identifies Indian stressed steel assets for acquisition

While Nithia has zeroed in on about 15 assets, only some are expected to materialise

Missing the bus… again and again

There is a sincere intent on the part of the policy makers, regulator and the industry to revive the sector. The plans, however, seem to be addressing some aspects and missing in comprehensiveness

3 years on, just 6% resolution plans accepted under IBC, says report

Of the 2,162 cases admitted under the IBC, corporate insolvency resolution process of 1,292 cases are going on

Growth is highest priority, every policymaker concerned with it: RBI's Das

Das said that weaker-than-expected growth with signs of a slowdown was the key risk to global financial stability, though banks were more resilient to shocks

Corporate debtor needs immunity from criminal liabilities: JSW Steel MD

Seshagiri Rao pointed out a clarification on immunity to corporate debtor was required as there could be claims from other departments of govt which could eventually result in some problem

Liquidity crunch is impacting debt resolution plans, say lenders

One-time settlements on the decline, say lenders

Need to improve capacity building of stakeholders, says IBBI chairman

Sahoo reiterated that there was no shortage of resolution professionals and registered valuers

Supreme Court upholds homebuyers' rights in fight against bankrupt builders

The Supreme Court's verdict paves the way for resumption of several insolvency cases that had been put on hold pending a decision.

Private Equity funds ready war chest to help firms skip IBC route

PE funds are cashing in on the new emerging areas of business. However PE funds admit that handling conglomerates needs special expertise and acumen as they are complex deals

Is IBC unfair to operational creditors?

Any decision to change the system should be based on developed theory and firm evidence

Govt moves SC to make NCLT judges stick to deadline for resolving cases

In the latest amendments to the Insolvency and Bankruptcy Code (IBC), the government has made it mandatory for all corporate insolvency procedures, including litigation, to be wrapped up in 330 days

Stressed assets funds may return to India after relaxed ECB norms

Companies seek returns of over 20 per cent but RBI has put restrictions on yields and tenure

IBC Bill won't encroach on SC domain, says FM Nirmala Sitharaman

The amendments are largely to clear the Code's legislative intent, says Nirmala Sitharaman

IBC Bill: Pressure on NCLT benches as 330-day deadline for resolution looms

Big IBC cases such as those of Amtek Auto, Bhushan Power & Steel, Era Infra Engineering, and Jaypee Infratech have gone well beyond the 270-day deadline set under the IBC

Empee Distilleries receives four resolution plans; CoC to decide, says RP

NCLT had started the insolvency process after a petition was filed by the Union Bank of India

The Jet Airways insolvency case brings to fore grey areas in aviation law

One of the issues is how long the airline can enjoy rights over its parking slots at airports