Page 48 - Insolvency And Bankruptcy Code

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

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

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

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

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.

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

Homebuyers have filed over 1,800 cases under insolvency law: Govt

These are the number of cases pending before the National Company Law Tribunal (NCLT) as on September 30

Homebuyers filed 1,800 cases under insolvency law since June 2018: Govt

These are the number of cases pending before the National Company Law Tribunal (NCLT) as on September 30.

Rescue financiers call for ministry's protection in insolvency proceedings

The ministry of corporate affairs (MCA) has representations from fund managers and private lenders providing rescue financing to stressed projects

Insolvency rules for FSPs: Regulator has more control than CoC, say experts

Experts say a separate framework for financial service providers is required to protect retail investors, and for systemic reasons

NBCC in a fresh bid for Jaypee Infra, may keep unsold flats of Rs 1,750 cr

This was one of the reasons for lenders voting out the NBCC's resolution plan in June this year

Easing of IBC deadline to serve interests of public, debtor: MCA secretary

The Supreme Court has relaxed the 330-day timeline for resolving stressed assets

Govt paves way for insolvency resolution of financial service providers

Insolvency proceedings will be initiated only on an application by the appropriate regulator, who will be notified by the MCA, depending upon the FSP

Insolvency regime for personal guarantors to corporate debtors from Dec 1

A case is taken up for resolution under the law only after approval from the National Company Law Tribunal (NCLT)

Govt notifies insolvency rules for financial service providers' resolution

The move also comes against the backdrop of instances of various FSPs facing problems

NCLT asks Kwality lenders to reconsider Haldiram's Rs 145-cr revised offer

On November 2, the CoC had rejected Haldiram Snacks' Rs 142 crore resolution plan

Insolvency resolution: Share of operational creditors reduces to 48% in Q2

The share of financial creditors has risen from 40 per cent to 43 per cent in the same period