Page 52 - Insolvency And Bankruptcy Code

LS passes amendments to Bankruptcy Code; 7 sections to be amended

Responding to the debate on the bill, Finance and Corporate Affairs Minister Nirmala Sitharaman said the liquidation of a company is not the sole agenda of the Insolvency and Bankruptcy Code

Stressed assets funds may return to India after relaxed ECB norms

Companies seek returns of over 20 per cent but RBI has put restrictions on yields and tenure

IBC Bill: Pressure on NCLT benches as 330-day deadline for resolution looms

Big IBC cases such as those of Amtek Auto, Bhushan Power & Steel, Era Infra Engineering, and Jaypee Infratech have gone well beyond the 270-day deadline set under the IBC

IBBI sets one-year timeline for liquidation process of insolvent companies

New regulations also say that a compromise between the stakeholders must happen within 90 days of the liquidation order

How the stressed asset problem snowballed into a tussle between RBI, govt

An exclusive excerpt from A K Bhattacharya's 'The Rise of Goliath'

Empee Distilleries receives four resolution plans; CoC to decide, says RP

NCLT had started the insolvency process after a petition was filed by the Union Bank of India

IBC Amendment Bill tabled in Rajya Sabha, govt backs financial creditors

The Bill has proposed a time limit of 330 days for completion of the resolution process including the litigation

The Jet Airways insolvency case brings to fore grey areas in aviation law

One of the issues is how long the airline can enjoy rights over its parking slots at airports

Essar Steel insolvency: SC expresses reservation on redistribution of funds

Top court says will settle the issue of distribution of funds once and for all, hearing to begin August 7

Govt clears 7 amendments to insolvency law; resolution plan binding on all

The resolution plan will be binding on all stakeholders including the central government, any state government or local authority.

Lenders wary of using IBC for debt resolution over creditors' parity

Secured financial creditors will now get the same - 60.7% of the total amount

NCLAT rejects HDFC's plea seeking insolvency against RHC Holding

The appellate tribunal said it found "no merits" in HDFC's petition and said that non-bank financial lenders come under the purview of the Reserve Bank of India

Singapore can become major investor in India's stressed assets, says envoy

Indian envoy Javed Ashraf was addressing some 200 investors and business leaders at the conference on India's Insolvency and Bankruptcy Code (IBC)

The curious case of twin bad loan resolution

Two cases that could be resolved this week illustrate the progress of the single-window insolvency and bankruptcy resolution process

2 years of Insolvency and Bankruptcy Code: Resolution a distant goal

More than two years into operation, the new bankruptcy resolution framework has created opportunities, but at a heavy cost, as of now

IBC resolution plans yielded 200% liquidation value for creditors: MS Sahoo

He explained that markets regulator Sebi has exempted acquisitions under resolution plans from making public offers under the Takeover Code

Changes in IBC will allow provision for mediation to cut costs, time

Pre-packaged insolvency, individual bankruptcy mechanism also to be put in place

Will come out with fresh circular on resolution of bad loans, says RBI

The Supreme Court quashed the RBI circular of last year that pertains to the provisions for referring the defaulter to the NCLT even on a one-day overdue

Majority-control transactions up 23% in 2018 on IBC wave, fear of NCLT

On paper, majority control is owning anything beyond 50%, but it's really about getting the right team in place, shaping strategy, changing the CEO, and injecting new capital on a pro rata basis

RBI circular has one-size-fits-all approach, power firms tell SC

Top court is hearing power, sugar, shipping companies' challenge to RBI's February 12 circular which asked banks to take these firms to NCLT