Page 52 - Insolvency And Bankruptcy Code

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

Imperfect ruling on constitutionality of IBC

The repeated insistence on liquidation as a "last resort" reinforces the notion that liquidation is a bad outcome

Sebi to tighten takeover regulations for companies under IBC process

The move was aimed at reducing ambiguity and curb the misuse of the regulations

Insolvency & Bankruptcy code: Govt looking at ways to avoid frivolous bids

It is being considered whether criminal proceedings should be initiated against those not implementing resolution plans or should they be barred from bidding for other companies undergoing resolution

RBI permits bidders of insolvent companies to raise funds through ECB route

RBI said guidelines in this regard will be issued by the end of February 2019

NCLAT declines plea of Essar Steel operational creditor seeking Rs 800 cr

On Tuesday, NCLT had rejected the debt settlement proposal put forth by the shareholders of Essar Steel saying the offer violates Section 12A of the Insolvency and Bankruptcy Code

A resounding nod

Supreme Court endorses the Insolvency and Bankruptcy Code

Number of cases withdrawn under Sec 12A of IBC sees a spike in Q3 FY19

At the end of December 2018, two years after the IBC came into effect, 586 cases have been settled one way or another

SC upholds validity of Insolvency and Bankruptcy Code in its entirety

The companies like Swiss Ribbons, Shivam Water Treaters, and Ganesh Prasad Pandey, an individual petitioner, had challenged various provisions of the IBC, such as Sections 7, 12 and 29