Page 54 - Insolvency And Bankruptcy Code

Adani group, Reliance Industries, Tata lead race to buy bankrupt firms

Better credit metrics, zero default help large companies in buyouts

The recovery of public money is at 40 per cent only: Jairam Ramesh

Now I don't see what the need for this Sashakt was when you have the RBI Circular of the 12th of February, 2018 and when we have the Insolvency and Bankruptcy Code, says Ramesh

IBC Bill amendment passed, puts homebuyers at par with financial creditors

Opposing the bill, D Raja (CPI) said that frequent changes to the law is being done to help defaulters and the government wants to bail out the defaulters

IBC amendment bill treating homebuyers as financial creditor tabled in LS

The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018 was introduced by interim Finance Minister Piyush Goyal and seeks to replace an ordinance brought by the government earlier this year

Ten corporates under IBC comprise 80% of total bank exposure to Rs 3.2 trn

The first list of 12 large corporate defaulters owe banks around Rs 2.7 trn of which only Rs 1.28 trn is estimated to be recoverable, according to research and rating agency CLSA

Insolvency process may boost producer margins, raise capital flow: EY Study

The IBC process has so far seen successful resolution of Bhushan Steel, taken over by Tata Steel and Electrosteel Steels which Vedanta bought over

Mapping insolvency: UltraTech may shell out over Rs 79 bn for Binani Cement

Both UltraTech and Dalmia Bharat, as well as Binani Cement's promoters, were likely to drag the case to the Supreme Court for a final verdict

Mapping insolvency: RPMG Investment is lone bidder for KSS Petron

KSS Petron, a subsidiary of Kazakhistan-based KSS, was admitted for insolvency resolution process on August 1, 2017, under the IBC

Recent changes to IBC bring homebuyers on par with institutional lenders

If buyers plan to move NCLT, lawyers say that it's best that they first approach the real estate regulator

Carte blanche to notify law requires reform

The provocative abuse of the power to choose when to put into effect a law passed by Parliament has reached a point where judicial intervention is warranted

IBC's blind spot: Rights of operational creditors need to be spelt out

Although the IBC allows operational creditors to invoke the insolvency resolution process, the cases of L&T and Ericsson reflect the unanticipated variables in the mix

Two years of the Insolvency and Bankruptcy Code: The hits and misses

Experts say that in future insolvency cases, resolution will yield better results

Cabinet has approved amendments to bankruptcy code: Ravi Shankar Prasad

A 14-member Insolvency Law Committee had made suggestions to the Ministry of Corporate Affairs, including addressing woes of home buyers and making recoveries easier for lenders

Cabinet may consider amendments to Insolvency & Bankruptcy Code today

The government plans to promulgate an Ordinance to give effect to these changes since Parliament is not in session

Working, but too slowly: Bankruptcy process must keep to its own timetable

As currently in force, the IBC has a 270-day deadline for settling disputes over NPAs that are referred to the NCLT

IBC killing banks, likely to help borrowers like Mallya: AIBEA general secy

'The government is doing a blunder', according to C H Venkatachalam

Promoters need to give up, be more flexible in their approach: Viswanathan

Former Union law secretary,T K Viswanathan says society will benefit if an enterprise runs in a healthy manner, who ever be the promoter does not matter

A year later, the Insolvency and Bankruptcy Code is still work-in-progress

Bbankruptcy proceedings continue to drag on in several cases beyond the expected time-frame, with borrowers and unsuccessful bidders challenging the process in civil courts

Insolvency proceedings: Try out-of-court deal for Binani Cement, says NCLT

Tribunal tells committee of creditors to consider company's own higher offer

Insolvency and Bankruptcy Code: The trouble with resolution professionals

Despite growing demand for resolution professionals, the new-age turnaround experts are still learning on the job