Clipped from: https://www.thehindubusinessline.com/opinion/ibc-the-halting-march-towards-efficacy/article70389746.ece After a promising start, the IBC ecosystem is grappling with shortage of qualified and honest Insolvency Professionals and lack of an efficient investigative
Category: IBC-SEBI
‘Persistent and systemic challenges’ undermine IBC’s full potential: Parliamentary committee – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/persistent-and-systemic-challenges-undermine-ibcs-full-potential-parliamentary-committee/article70348919.ece The Committee particularly took note of the fact that the slow admission of insolvency applications continues to impede rapid value realisation and leads
*******What the IBC Amendment Bill tries to fix – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/what-the-ibc-amendment-bill-tries-to-fix/article70089843.ece Streamlining process delays, enforcing promoter responsibility, and curbing judicial ambiguity are the key objectives The Insolvency and Bankruptcy Code (IBC) has steadily evolved
IBC enabled debt resolution of ₹26 trillion in 9 years, says Crisil | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/ibc-helps-resolve-bad-debt-worth-rs-26-trn-in-nine-yrs-125072201222_1.html The Insolvency and Bankruptcy Code (IBC) has led to the resolution of Rs 26 trillion in debt over nine years, creating significant deterrence
Bhushan Steel’s former resolution professional files review petition in SC | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/bhushan-steel-rp-mahender-khandelwal-files-sc-review-petition-jsw-order-125062800447_1.html Mahender Khandelwal, the RP for Bhushan Power and Steel Ltd, has claimed that the top court has overlooked certain critical documents and procedural
Breaking up bad assets: Can IBBI’s part-resolution rewire insolvency rules? | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/breaking-up-bad-assets-can-ibbi-s-part-resolution-rewire-insolvency-rules-125061700824_1.html In a May notification, the IBBI allowed resolution professionals to invite resolution plans for not just the company as a whole but also
IBC cases breaching resolution timeline hit 78% in FY25: Ind-Ra report
Clipped from: https://www.business-standard.com/finance/news/ibc-resolution-delays-hit-five-year-high-fy25-ind-ra-125061700784_1.html Ind-Ra notes rising resolution timelines and lowest recovery levels since FY21 under the IBC framework, cautioning this could affect bond market deepening and
Holding creditor power in IBC to account – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/holding-creditor-power-in-ibc-to-account/article69705970.ece Requiring CoC to record reasons would instil discipline without undermining its direction Creditors giving reasons for their decisions will lend more transparency to