Page 47 - Insolvency And Bankruptcy Code
Govt moves NCLAT against NCLT order making MCA party in all IBC cases
The appellate tribunal is expected to hear the case on Friday
 "Govt moves NCLAT against NCLT order making MCA party in all IBC cases")
Recoveries from Odisha Slurry Pipeline under CIRP could be low: Srei fund
IGOF has written to the resolution professional and the committee of creditors, requesting that OSPIL be withdrawn from CIRP
 "Recoveries from Odisha Slurry Pipeline under CIRP could be low: Srei fund")
Firms under IBC: Govt to allow resolution professionals to make filings
The RP is not empowered to carry on compliances such as signing and uploading the audited and unaudited financial results
 "Firms under IBC: Govt to allow resolution professionals to make filings")
Govt plans to amend IBC 2016 to address cross-border insolvency: MS Sahoo
When IBC came in 2016, everything was new, and there was no insolvency professional, IBBI or all members of the NCLT, everything was created afresh, but it worked, he added.
 "Govt plans to amend IBC 2016 to address cross-border insolvency: MS Sahoo")
In a first, RBI moves NCLT seeking insolvency proceeding against DHFL
An interim moratorium on the assets of the beleaguered company has also commenced following the RBI's application, and will continue till it is accepted or rejected by the NCLT
 "In a first, RBI moves NCLT seeking insolvency proceeding against DHFL")
India's banks wrote off Rs 2 trillion worth of bad loans in 2018-19
Even as banks have written off more loans than before, recovery of bad loans has also improved substantially in the past couple of years
 "India's banks wrote off Rs 2 trillion worth of bad loans in 2018-19")
SBI Caps to give report on four bidders for Anil Ambani's RCom to CoC
The report will be presented to the committee of creditors (CoC) on Friday to take a final call on the potential best offers
 "SBI Caps to give report on four bidders for Anil Ambani's RCom to CoC")
Aviva Life settles Apeejay Trust's Rs 27-lakh insolvency case in NCLT
Earlier this month, the NCLT had ordered to initiate insolvency proceedings against Aviva Life Insurance in a case filed by Apeejay Trust
 "Aviva Life settles Apeejay Trust's Rs 27-lakh insolvency case in NCLT")
Govt may amend IBC, go for buyer protection and stricter homebuyers' norms
In October, Corporate Affair Secretary Injeti Srinivas said the ministry is mulling setting up of a threshold for home buyers for starting insolvency proceedings against real estate developers.
Ruling in Essar case a watershed moment in insolvency law, says IBBI chief
The Insolvency and Bankruptcy Code, 2016 envisages closure of a corporate insolvency resolution process in a time-bound manner
 "Ruling in Essar case a watershed moment in insolvency law, says IBBI chief")
Lenders likely to opt for IBC for debt resolution of big accounts
May resort to debt recovery tribunals or Sarfaesi Act for the smaller ones
 "Lenders likely to opt for IBC for debt resolution of big accounts")
Individual insolvency rules: Breach of personal guarantee is quite severe
The law can help keep a check on instances where loans are given not on the basis of the debtor's creditworthiness, but because of a personal guarantor
Govt to amend IBC to ring-fence buyers of stressed assets from prosecution
This will help make the insolvency process more attractive for the bidders and instil confidence in them, sources said
Jaypee insolvency: Lenders meet on Nov 28 to review NBCC, Suraksha bids
NBCC and Suraksha might be asked to submit their final plans after the next CoC meet on November 28 and voting process could be conducted before December 10
 "Jaypee insolvency: Lenders meet on Nov 28 to review NBCC, Suraksha bids")
RBI to supersede DHFL board, approach NCLT for bankruptcy proceedings
The central bank said it had appointed R Subramaniakumar, ex-MD and CEO of Indian Overseas Bank, the administrator for DHFL
 "RBI to supersede DHFL board, approach NCLT for bankruptcy proceedings")
Mutual funds will join DHFL's IBC resolution process: Sebi chief Tyagi
Mutual funds, which have lent substantial sums of money to DHFL had not joined previous attempts at resolution, after financial woes at the company came to light
 "Mutual funds will join DHFL's IBC resolution process: Sebi chief Tyagi")
Ahead of bankruptcy process, RBI puts DHFL board under administrator
The announcement comes after the government last week empowered the RBI to refer stressed NBFCs and HFCs having assets worth of at least Rs 500 crore to insolvency court
 "Ahead of bankruptcy process, RBI puts DHFL board under administrator")
From contractor plights to discharge vouchers, here're the key court orders
The project - part of the highway and tunnel on NH-1 in Jammu & Kashmir - is stuck due to insolvency.
 "From contractor plights to discharge vouchers, here're the key court orders")
State Bank may seek RBI approval for DHFL insolvency proceedings
Banks led by SBI may make a representation to the RBI, stating the current resolution process did not find much success and they would like to opt for resolution under the IBC
NCLAT gives Sterling promoters 30 more days to settle creditors' dues
The NCLAT had said it will not come in the way of the individuals such as promoters and directors