Page 31 - Insolvency And Bankruptcy Code

Bankruptcy process needs a re-look

A mechanism is needed to ensure bank-led resolution- not the NCLT- is the first resort for lenders

Jaypee insolvency: IRP files Suraksha group's resolution plan with NCLT

A successful resolution of JIL will provide a big relief to over 20,000 homebuyers across various housing projects launched by the realty developer in Noida and Greater Noida (Uttar Pradesh).

Best of BS Opinion: Point of vulnerability, Covid-19 vaccines, and more

Here are the best of Business Standard's opinion pieces for Tuesday

Haircuts and settlements

Gaming the system leads to losses to lenders

India needs a new round of bankruptcy reform that won't stiff creditors

Political constraints have never allowed India's public institutions to save capitalism from powerful capitalists, something that a tough bankruptcy law was supposed to change

Brazen gaming of bankruptcy process on

According to the data from the Insolvency and Bankruptcy Board of India (IBBI), in over 363 major NCLT resolutions since 2017, banks have taken an average loss of 80 per cent

Suraksha group may have to cross legal hurdles to take control of Jaypee

With Jaypee in its kitty, Suraksha will get highly visible assets such as the Noida-Agra Expressway and the land bank around the expressway, and 730-bed hospitals in Noida and Bulandshahr

Headless NCLT awaits reforms to speed up resolution of pending cases

Over 20K cases pending and more than half linked to insolvency, bankruptcy

Long haul ahead

Jet Airways revival will be a challenge for new owners

NCLT clears Kalrock-Jalan resolution plan for Jet Airways with riders

NCLT rejects demand for historicity of slots

Insolvency law changing the way society perceives biz failures, says Sahoo

Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way the society perceives business failures according to IBBI Chairperson M S Sahoo.

Top Headlines: Advance tax collection up 146%; Nadella is Microsoft chair

Business Standard brings to you the top headlines on Thursday

Siva lenders to receive Rs 5 crore cash upfront, take 94% haircut

To receive Rs 318 crore of total dues amounting to Rs 4,863 crore

We didn't expect flood of insolvency cases, says IBBI chairman M S Sahoo

He also said that not many applications had been filed under the prepackaged scheme brought in for micro, small and medium enterprises (MSMEs)

Vedanta arm is paying almost nothing for Videocon group, says NCLT

Expresses surprise that Twin Star's bid was so close to liquidation value

Piramal, DHFL merger: The road ahead remains bumpy due to legal hurdles

Former promoter moves Supreme Court, debt investor 63 moons vows to move court to recover dues

Best of BS Opinion: No backdoor entry, lab-leak hypothesis, and more

Here are the best of Business Standard's opinion pieces for Wednesday

No backdoor entry

Promoters should not be allowed to delay insolvency resolution

Tata Steel Mining successful resolution applicant for Rohit Ferro-Tech

The Committee of Creditors (CoC) of Rohit-Ferro Tech Ltd has declared Tata Steel Mining as the successful resolution applicant for the insolvent ferro alloy manufacturing company

Oyo-NCLT case: Hotelier to withdraw insolvency plea against Oyo unit

Rakesh K Yadav says he got Rs 16 lakh as part of settlement