Page 2 - Insolvency And Bankruptcy Code

The lemon-plus problem in corporate rescues erodes enterprise value

Corporate rescues under IBC show that culture matters as much as capital-Air India's case reveals how hidden organisational baggage can shape rescue outcomes beyond financials

Lenders likely to resolve JAL insolvency through a challenge mode

Lenders of Jaiprakash Associates are considering a challenge mode bidding process with applicants including Adani, Vedanta, and Dalmia as creditors face Rs 59,000 crore in claims

Bidders file fresh JAL plans as CoC weighs challenge round decision

Bidders have revised plans for Jaiprakash Associates after lender talks, but key legal hurdles remain as CoC weighs whether to renegotiate or hold a challenge round

IBC Amendment: More clarity, less reform, focuses on incremental fixes

By sidestepping deeper structural issues and leaning on delegated legislation, it offers incremental fixes where the system needs a transformative overhaul

IBC Bill proposed wider look-back period for preferential transactions

Amendments target asset exclusion tactics, enable partial resolutions, and streamline insolvency process

IBBI urges CoCs to scrutinise information memorandums of insolvent firms

The regulator has also sought audit extracts from creditors to help resolution professionals prepare complete and reliable IMs for corporate insolvency cases

IBC Amendment Bill: Govt proposes group, cross-border insolvency

Among significant clarifications made in the Bill, it states that claims by state or central authorities will only be treated as secured if there is a contractual agreement to that effect

IBBI calls for CoC to discuss, record section 29A eligibility under IBC

The idea behind the proposed changes to IBC regulations is to bring more transparency and procedural fairness to corporate insolvency resolution

Resolution process: Govt must address emerging gaps in the IBC framework

Even as the matter is being heard in the court, the government would be well advised not to ignore the earlier judgment

BluSmart files for insolvency amid corporate governance crisis, debt woes

BluSmart enters insolvency after a regulatory probe accused a co-founder of misappropriating funds intended for vehicle purchases

NCLT Ahmedabad admits BluSmart into insolvency over ₹1.28 crore default

NCLT Ahmedabad admits BluSmart Mobility into insolvency after the startup defaulted on ₹1.28 crore debt; interim resolution professional appointed to manage assets

IBC enabled debt resolution of ₹26 trillion in 9 years, says Crisil

The Insolvency and Bankruptcy Code (IBC) has led to the resolution of Rs 26 trillion in debt over nine years, creating significant deterrence among borrowers and offering flexible resolution framework

Public sector bank NPAs drop to 2.58% from 9.11% in 4 yrs: Finance ministry

Gross NPAs of public sector banks dropped from 9.11% in 2021 to 2.58% in 2025, driven by RBI and government reforms, stricter recovery laws, and improved asset resolution frameworks

Nearly a decade into its existence, IBC framework needs to be reimagined

The famous "tareekh pe tareekh" dialogue from the Hindi movie Damini captures where we are now

Adani Group close to acquiring Jaiprakash Associates, makes ₹12,000 cr bid

With a cash payout of ₹3,500 crore, the Adani Group is leading the race to acquire Jaiprakash Associates. The offer also includes retaining ₹890 crore within the company after its acquisition

Parliamentary panel for dedicated NCLT, NCLAT courts for IBC cases

A parliamentary panel recommends dedicated NCLT and NCLAT courts to expedite IBC cases and urges the RBI Governor to support banking correspondents, who are facing increasing challenges in their roles

Parliamentary panel on finance to meet today, review IBC, emerging issues

The central government is likely to bring an amendment in the Insolvency and Bankruptcy Code (IBC) in the upcoming monsoon session of Parliament

Aakash Educational escalates tussle with EY over professional misconduct

Indian test-prep company claims consulting giant advised rival Allen Career Institute while handling its own financial affairs and Byju's insolvency case

SBI flags Reliance Comms loan as fraud; Anil Ambani's name sent to RBI

State Bank of India's forensic audit cites fund diversion and loan violations; Reliance Communications says it is protected under the Insolvency and Bankruptcy Code

Breaking up bad assets: Can IBBI's part-resolution rewire insolvency rules?

In a May notification, the Board allowed resolution professionals to invite resolution plans for not just the company as a whole but also for sale of one or more of its assets