Insolvency Law
Top 10 biz headlines: Changes in insolvency law, IndiGo board meet, & more
From changes in insolvency law to Wipro Q1 results, Business Standard brings you the top headlines that made news on Wednesday
 "Top 10 biz headlines: Changes in insolvency law, IndiGo board meet, & more")
Over 12,000 cases filed since implementation of insolvency law, says govt
Srinivas said that personal insolvency should be approached carefully and in a planned manner
 "Over 12,000 cases filed since implementation of insolvency law, says govt")
More firms bid for bankrupt companies after SC removes tax deterrent
While the minimum alternate tax (MAT) is payable, the SC order has helped to clarify on the write-back of loan waivers, said a lender
 "More firms bid for bankrupt companies after SC removes tax deterrent")
How insolvency is reshaping steel
It's helping the industry consolidate with investors keen to acquire assets that were once sound but turned insolvent due to poor financial management
 "How insolvency is reshaping steel")
How solvent is India's new insolvency law?
Lenders will have to wait longer for bad loan resolution unless the loopholes are plugged
 "How solvent is India's new insolvency law?")
No need to hear third party during insolvency admission: NCLAT tells NCLT
NCLAT observation came during a case where admission was pending for 10 months
 "No need to hear third party during insolvency admission: NCLAT tells NCLT")
Global bad debt buyers rethink India plans over resolution delays
Indian banks are seriously capital-starved and the introduction of global stressed assets funds can only increase the buyers' base
 "Global bad debt buyers rethink India plans over resolution delays")
IBBI notifies mechanism for issuing regulations under insolvency law
In case, there is an urgent need for issuing or amending regulations, then the consultation process could be done away with
 "IBBI notifies mechanism for issuing regulations under insolvency law")
Govt plans changes to insolvency law; homebuyers likely to benefit
The planned ordinance is also, it appears, to add a separate framework for micro, small and medium sized enterprises
 "Govt plans changes to insolvency law; homebuyers likely to benefit")
More changes likely in insolvency law as it's 'skewed' in creditors' favour
Corporate Affairs Secretary Injeti Srinivas said the issue is how the interests of stakeholders are to be balanced
 "More changes likely in insolvency law as it's 'skewed' in creditors' favour")
Over 4,300 insolvency petitions filed before NCLT since inception in May
The report said around 470 cases admitted by the NCLT are at various stages of the insolvency process
Ordinance to amend bankruptcy code gets President Kovind's nod
People associated with NPAs too cannot bid for their own assets under insolvency law, says ordinance
 "Ordinance to amend bankruptcy code gets President Kovind's nod")
