Page 40 - Insolvency And Bankruptcy Code

AGR case: SC seeks details of spectrum sharing between RCom, Reliance Jio

Spectrum is a government property, not private, and anyone using it is liable to pay the dues, the apex court said

NCLAT says no to insolvency proceedings against Gujarat Ambuja Exports

Earlier on February 17, 2020, the NCLT had dismissed the plea of Samay Impex to initiate corporate insolvency resolution process (CIRP) against GAEL

Insolvency law: IBBI lists out red flags to detect avoidance transactions

Resolution professionals and liquidators can also facilitate claw-back or disgorgement of value, if any, lost through avoidance transactions

IBBI amends rules for corporate resolution, voluntary liquidation process

"The resolution plan, which receives the highest votes, but not less than sixty-six percent of voting share, shall be considered as approved," it added

Insolvency and Bankruptcy Board amends liquidation process regulations

IBBI is a key institution in implementing the Insolvency and Bankruptcy Code (IBC), which provides for market-linked and time-bound resolution of stressed assets

Videocon staring at liquidation as Covid-19 pandemic deters buyers

The company was admitted for debt resolution in June 2018 under the Insolvency and Bankruptcy Code after it started defaulting on its Rs 40,000-crore debt

How a one-time loan recast policy may lead to a spate of litigation

The management committee of the Indian Banks Association feels banks should be given the discretion to decide how the recast is to be customised and the eligibility criterion

As rival sweetens bid, JSW Steel hits hurdle to acquire Asian Colour

Interups offers Rs 2,000 crore in NCLT against JSW's Rs 1,550-cr bid

Supreme Court allows sharing of resolution plan of Unitech Ltd under IBC

The bench also said the amicus shall collate the suggestions, if any received, with regard to the resolution plan for assistance of the court

RBI is ahead of the curve; govt and bureaucracy behind: Viral Acharya

In an interview with Tamal Bandyopadhyay, Acharya says why some weak public sector banks should be "re-privatised" and foreign banks should be allowed a larger play

Plea against Insolvency code ordinance; Delhi HC seeks Centre stand

Delhi High Court sought the Centre's reply on a plea challenging the IBC Ordinance which suspended proceedings against defaults arising on or after March 25 for six months in view of pandemic

Insolvency law caused rift with govt: Former RBI governor Urjit Patel

Instead of future-proofing gains, atmosphere to go easy on the pedal ensued, says his book

Operational creditors trigger nearly half of all bankruptcy cases: RBI FSR

"Operational creditors triggered as much as 49.65 per cent of the bankruptcy petitions, followed by 43.61 per cent by financial creditors and the remaining by corporate debtors," the report said

When broke, apply for bankruptcy, but process could be excruciating

Though the Insolvency and Bankruptcy Code, 2016 came into effect on December 2, 2016, and has rules for individual bankruptcy too, they have not been notified yet

IL&FS expects to address over Rs 50,000 cr of its debt by March 2021

The group has shared its estimates of debt to be addressed over the next three quarters

NCLT closes insolvency proceedings against V2 Retail after settlement

The NCLT approved the settlement after it perused the averments made in the application, as well as the settlement agreement enclosed with the application and IRP received his expenses

NCLAT upholds NCLT order to initiate insolvency proceedings against HDIL

"In view of our finding as aforesaid, no interference is called for against the impugned Order dated August 20, 2019. Therefore, Appeal fails," said the NCLAT bench

IBBI proposes limiting number of assignments handled by IPs to check delays

The IBBI has floated a discussion paper seeking comments from the industry on this matter by July 25; Discussion paper limits maximum assignments to 5

JSW Steel-Bhushan Power buy may hit Enforcement Directorate hurdle

There is no power conferred upon the NCLAT under the Insolvency and Bankruptcy Code (IBC) to interfere with a provisional attachment order, ED said.

Reliance Naval gets five EoIs from investors, deadline ends Saturday

The US-based fund, Interups, has submitted the EoI, apart from Arcil, APM of Denmark, United Shipbuilding Corp of Russia, and Next Orbit Ventures