Page 53 - Insolvency And Bankruptcy Code

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Number of cases withdrawn under Sec 12A of IBC sees a spike in Q3 FY19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

Insolvency law had teeth. Now, it's got dentures and nobody can save it

A country that needs to sweat every investor rupee and dollar to put its swelling, restive labor force to work will continue to abuse that very thing it doesn't have enough of: capital

7 firms in a fix after bidders fail to implement resolution plan under IBC

Non-serious bidders are a cause for concern, but delays have been as much a worry for time-bound resolution of stressed assets under the IBC

How IBC changes the game

The Insolvency and Bankruptcy Code is beneficial to the extent it generates modified behaviour on the part of managers and lenders

IBC: To resolve Sec 29A, distinguish wilful defaluters from other promoters

Prospective resolution applicants should substantially establish their disassociation from the promoters who are directly responsible for the NPA

Patience with the IBC

Time to reform will be after behavioural changes

Undermining auctions

Legal loopholes in bankruptcy process exposed

Lenders to take 56% haircut in the dirty dozen companies under IBC process

Banks to get back around Rs 1,146 bn against Rs 2,564 bn debt

IBC accounts for $14.3 bn worth of distressed assets in M&A space: Kroll

Steel sector has led the space with almost 55% of the total value of distressed asset deals

Insolvency code helps, but investors may turn cautious as election nears

The mergers and acquisitions and Private Equity transactions during the quarter ended September have seen a growth in terms of both value and volume

Insolvency and Bankruptcy Code: Firms cope with changing landscape

The borrowing and lending culture in the country appears to have changed for good

Insolvency process: Sterling group firms offer steep haircuts to lenders

The group's promoters, being probed for bank loan fraud, are absconding

The concern is how sacrosanct the IBC process is: Shantanu Nalavadi

Unlike in Europe and Asia where most stressed assets are in the real estate space, in India it is in good quality operating assets across growth sectors, such as steel, cement, pharma, says Nalavadi