Page 49 - Insolvency And Bankruptcy Code

NCLAT asks for Sebi reply on new share delisting norms for insolvency firms

The NCLAT direction came while hearing the petition filed by Reliance Industries Ltd, which is seeking waiver in delisting procedure for Alok Industries.

Resolution of financial service providers possible under IBC: IBBI chief

Currently, resolution of stressed financial institutions cannot be taken up under the Insolvency and Bankruptcy Code (IBC).

Sebi disposes of ABG Shipyard disclosure case as firm is under liquidation

ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC, 2016) as per NCLT orders

Challenges have made Insolvency and Bankruptcy Code stronger: IBBI chief

The code came into force in December 2016 and the first resolution case was approved in August 2017

Realty revival: IBC, Rera may need tweaking for booster shot to take effect

In September, Finance Minister Nirmala Sitharaman had announced the Special Window fund but projects in the NCLT or those dubbed NPAs had been kept out of its ambit

Govt considers special window for resolution of stressed NBFCs under IBC

The move also comes against the backdrop of financial sector players like Dewan Housing Finance Corporation Ltd facing troubles

Change in Binani brandname, quality upgrade spur UltraTech turnaround

The last part of the series on the Insolvency and Bankruptcy Code takes a look at how Ultratech's acquisition of Binani helped it become North India's biggest cement firm by capacity

After DHFL crisis, centre to issue new rules to bring NBFCs under IBC

DHFL is one of the largest HFCs that ran into trouble last year soon after the collapse of IL&FS

A year after resolution, Monnet's DRI plant running at 100% capacity

The third of a four-part series on the Insolvency and Bankruptcy Code takes a look at how the steel firm's turnaround plan was to be undertaken in phases

Essential goods may soon come under IBC regulations: Details here

Electricity, water, telecommunications, and information technology are currently covered under essential goods

SMEs can call out big companies for dues, thanks to a tweak in IBC

Information utility National e-governance Services (NeSL) will now make public the names of companies which default on payments

Explained: How Tata Steel put its soul into debt-laden Bhushan Steel

The first of a four-part series takes a look at how erstwhile Bhushan Steel is faring as Tata Steel BSL under a new command

Best of BS Opinion: In every systemic crisis there is a human factor

Here's a selection of Business Standard opinion pieces for the day

Explained: Are Enforcement Directorate's seizures harming the economy?

ED's move could stall the resolution process, prevent banks from recovering their pending dues

Haldiram, 2 others in race to buy out Lavasa for about Rs 2,046 cr

Promoted by HCC, Lavasa was set up as a picturesque hill station near Pune in Maharashtra in 2000. It defaulted on Rs 4,150 crore in loans to banks

Can financial creditor sell assets of firms in liquidation? NCLAT to decide

The judgment is likely to have a big impact on the insolvency process and will decide if errant promoters have one last shot at regaining control of their company and its assets, experts said

Save the bankruptcy code

Govt must step in to make necessary changes

Number of cases admitted under insolvency saw a rise in Sep quarter

The number of insolvency cases admitted by the bankruptcy court continued to stay elevated, with 369 companies alone admitted in the Sept quarter.

NCLAT rejects plea for insolvency proceedings against Intex Technologies

The appellate tribunal observed that there was a pre-existing dispute between the firm and Intex Technologies, and the NCLT has rightly rejected it

Sort out Bhushan Power and Steel asset issue: NCLAT to MCA and ED

Appellate tribunal says ED can claim dues from proceeds of crime under IBC as operational creditor