Page 51 - Insolvency And Bankruptcy Code

Cash-strapped DHFL makes fresh default on Rs 1,571-crore bond repayments

The defaults pertain to three cases with regard to interest payment on non-convertible debentures and commercial papers (CPs), DHFL said in a regulatory filing

3 years on, just 6% resolution plans accepted under IBC, says report

Of the 2,162 cases admitted under the IBC, corporate insolvency resolution process of 1,292 cases are going on

Corporate debtor needs immunity from criminal liabilities: JSW Steel MD

Seshagiri Rao pointed out a clarification on immunity to corporate debtor was required as there could be claims from other departments of govt which could eventually result in some problem

Jet Airways delays quarterly results, cites 'complexities of issues'

The affairs of Jet Airways, which closed down its operations on April 17, are now being managed by resolution professional Ashish Chhawchharia under the insolvency law

Govt panel recommends automatic CCI approval for cases under insolvency law

The Competition Law Review Committee, chaired by Corporate Affairs Secretary Injeti Srinivas, has recommended a slew of changes with respect to the Act

Liquidity crunch is impacting debt resolution plans, say lenders

One-time settlements on the decline, say lenders

Amendments to the IBC: Correcting judicial errors

The operational creditors cited the NCLAT's decision on July 4, 2019, in Standard Chartered Bank vs Satish Kumar Gupta, R P of Essar Steel

Need to improve capacity building of stakeholders, says IBBI chairman

Sahoo reiterated that there was no shortage of resolution professionals and registered valuers

Developers brace for another storm as SC gives relief to homebuyers

According to industry sources, the verdict will make things difficult for a host of developers

Will challenge IBC amendments: Essar Steel operational creditors tell SC

Supreme Court agrees to hear operational creditors on August 19, asks them to file amended applications in a week

Is IBC unfair to operational creditors?

Any decision to change the system should be based on developed theory and firm evidence

Jet Airways extends deadline for submitting initial bids to Aug 10

The last date has been extended as potential bidders sought additional time, resolution professional Ashish Chhawchharia said

RS passes IBC amendment, restores lenders' primacy in insolvency cases

The amendments give committee of creditors of a loan defaulting company explicit authority over the distribution of proceeds in the resolution process

FM to meet CEOs of PSU banks to discuss ways of increasing credit growth

According to sources, the meeting will also review progress of resolution of NPAs under Insolvency and Bankruptcy Code

Lok Sabha clears IBC Bill, Goyal says ordinance not to favour any corporate

Congress' Kharge alleged that the ordinance was brought by the government to help the Reliance Industries to acquire Alok Industries

Prioritise pushing large firms via IBC

The need of the hour is to focus on the IBC pipeline, increase the quantity of assets flowing through it, and reduce the time taken

Passing the scrutiny of courts toughest test for proposed amendments to IBC

With eight proposed amendments to the insolvency law last week, the government has sought to turn the focus back on at least some of the functions of the insolvency law

IBBI suspends insolvency professional's licence over use of its name

The committee said the use of the regulator's name without its permission was unacceptable

Govt clears 7 amendments to IBC, extends Finance Commission's term

The Cabinet has approved the changes to the Insolvency and Bankruptcy Code (IBC).

India's in-court bankruptcies get a dose of common sense and urgency

Amending the bankruptcy code won't revive animal spirits overnight, but it would at least prevent a bad situation from getting indefinitely worse