Page 44 - Insolvency And Bankruptcy Code

3 years of IBC: 7 charts offer insights into how the system has evolved

The amount recovered by financial creditors has varied, and does not show a clear improvement

After resolution of big steel cases, banks expect low recoveries from IBC

A senior banker with a public sector bank said, not more than 30% recovery was expected from the RBI's second list

DHFL's pre-tax loss narrows sequentially to Rs 167.80 crore in Q3

The company reported a net profit of Rs 934.35 crore in Q3FY20 due to tax adjustments; no provision for interest on borrowings post insolvency proceedings

Bhushan Power acquisition: JSW Steel likely to pay Rs 19,700 cr by March 15

On Feb 17, NCLAT had permitted JSW Steel to acquire the bankrupt company and granted it immunity from prosecution by the Enforcement Directorate

A good score-card

Increase in insolvency cases could pose challenges

IBBI proposes simultaneous CoC voting on two or more resolution plans

The Insolvency and Bankruptcy Code (IBC) aims at time-bound and market-linked resolution of stressed entities

Reverse CIRP: It is too early for realtors facing insolvency to cheer

The NCLAT judgment gives the promoter another chance to complete the pending project, and hand over the delivery of flats to homebuyers through a tribunal-monitored process

AGR order: Are you a Voda Idea customer? Key things you should know

If firm files for bankruptcy, rules say its daily functions will continue till sale

NCLT orders inclusion of Videocon's overseas assets in insolvency

Videocon was in the first list of the 12 largest accounts that the Reserve Bank of India referred for bankruptcy in late 2016

Key data that shows the progress IBC has made in saving a firm in distress

The latest data shows while the number of cases admitted to CIRP has almost doubled, so have the liquidations

Insolvency limited to concerned realty project, won't impact others: NCLAT

The appellate tribunal has also suggested that there should also be a reverse corporate insolvency process in such cases

Govt's NPA gameplan: Rs 4 trn recovered via IBC proceedings, says Thakur

Addressing the 70th annual function of the Institute of ICAI, the junior finance minister said when Modi assumed office in 2014 in his first term, NPA stood Rs 52 trillion.

Systemic change: Hits and misses of India's bankruptcy reforms code

IBC has had a carrot-and-stick effect - making companies serious about governance and bringing stuck capital back into the economy. It seems to be a work in progress, but the system is surely working

IBC process needs to speed up; private investment may remain muted

According to the Survey, resolution under IBC has been much higher as compared to other processes.

Economic Survey: IBC reduces resolution time to 340 days from 4.3 years

The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for market-linked and time-bound resolution of stressed assets

45 bills on government's agenda during Budget session of Parliament

The government's legislative agenda for the budget session of parliament includes 45 bills and seven financial items.

Dalmia Cement to move NCLAT against NCLT over subsidiary insolvency case

The cement company is guided by RBI norms and directions, and there stands a strong legal ground for quashing of the NCLT order

Success fee gaining currency among insolvency resolution professionals

No official data is available on the charges but Insolvency and Bankruptcy Code (IBC) experts say the fee is being paid in more than half of the overall cases going for resolution

Banking consortium declares Rs 14,000-cr ABG Shipyard loan 'fraud' account

With the account being declared 'fraud', banks are not expected to make additional provisioning; it has been already classified a non-performing asset

Budget 2020: Prakash Javadekar hints at 'action plan' for economic revival

Markets to open for regular trading on February 1