Page 22 - Ibc

Delays in top 12 corporate insolvency cases cost lenders Rs 40 billion

Around 241 companies were sent for liquidation under the IBC by various NCLT benches and in only 58 cases have the resolution plans been accepted by the NCLT, the IBBI data shows

So far, 1,198 corporates admitted under IBC, 52 cases resolved: Official

About 212 cases resulted in liquidation and 118 were closed on appeal or review

Sidelined by IBC, official liquidators may get to handle insolvency cases

5,000 cases in the country are pending with these official liquidators, according to ministry officials

Bankruptcy Code will deepen Indian corporate bond market: Assocham

According to the chamber, the contribution proportion of the corporate bond market to the GDP is 123% in the US and 74% in South Korea

'IBC to boost investors' confidence, deepen India's corporate bond market'

The study noted that effective implementation of the IBC can help improve the recovery rate of stressed assets further

Insolvency and Bankruptcy Code enmeshed in legal action

The law laid down by the SC in a plethora of cases is that policy issues of the govt are not justiceable. The precedent laid down by the SC also cannot be violated by the apex court itself

Strengthening the IBC

SC decision to send Jaypee matter back to NCLT is welcome

Nothing called partial defaulters, IBC must apply equally to all: RBI

The Centre in its submission to the Allahabad High Court in July sought regulatory relief and time extension for close to dozen power projects with debt exposure of around Rs 1 trillion

Reinforcing IBC

More insolvency courts is a good starting point

Bankruptcy code: 701 firms face cases under CIRP, 87 to be liquidated

The resolution process of 241 stressed companies went beyond the mandatory 270 days of which 73 firms are going into liquidation

Govt ready to make further changes to IBC if needed, says official

The Code, which comes under the corporate affairs ministry, has already been amended twice

IBC process: Creditors pick Tata Steel as H1 bidder for Bhushan Power

In Tuesday's meeting, Tata Steel, JSW Steel and Liberty House were understood to have made presentations before the CoC

Financial creditors recover over Rs 470 billion in 26 cases under IBC

Corporate Affairs ministry struck off the names of about 226,166 companies from official records for being inactive and not making statutory filings for a long time, says P P Chaudhary

Bankruptcy law is kick Indian firms needed to pay up: IBC chairman

India is also planning regulations on cross-border insolvency to pursue foreign assets of a defaulting company

Legal challenges could undermine IBC

The Indian Bankruptcy Code lays down the Corporate Insolvency Resolution Process to be followed in handling corporate insolvency

Insolvency and Bankruptcy Code: Cleaning the books

The Reserve Bank of India asked banks to refer 12 major non-performing accounts to the National Company Law Tribunal for resolution

IBC: The only way out is through

The implementation of the Insolvency and Bankruptcy Code is far from finished and new work is required

Insolvency and Bankruptcy Code can help deepen bond markets: Ajay Tyagi

The bankruptcy law was enacted to ensure time-bound settlement of insolvency