By Sumant Batra The Insolvency and Bankruptcy Code has faced grave implementation challenges in the last three years. This is neither unexpected nor surprising. What
Category: IBC-SEBI
Rescuing IBC From Insolvency-Minhaz Merchant – BW Businessworld
One of the Narendra Modi government’s most important structural financial reforms, the Insolvency and Bankruptcy Code (IBC), legislated in December 2016, has been saved in the nick
Don’t read much into India’s march in the ease of doing business rankings – The Hindu BusinessLine
When it comes to genuinely addressing the pain points that its entrepreneurs undergo in their quest to set up and scale a business, India still
What happened to the two-year old NPA cases amounting to Rs 3.45 lakh crore?–Business Today
It has been more than two years since June 2017 when the RBI referred 12 cases that accounted for Rs 3.45 lakh crore of outstanding
Jet Airways’ only bidder Synergy Group has a default history–Business Today
Columbia’s Synergy Group, the only potential bidder for India’s iconic airline Jet Airways, and its founder German Efromovich have a credit default history, which has
How IBC helped improve India’s ease of doing business rankings–Business Today
Before IBC, the recovery (of debt) rate was around 26% and the time taken for closure of the case was over four years. IBC has
No need to escalate one case to reflect everything to do with IBC: Sitharaman–Business Today
Finance Minister Nirmala Sitharaman has said that uncertainty arising out of one case should not be generalised about the efficiency and effectiveness of Insolvency and
ED may move Supreme Court against NCLAT order on Bhushan Power’s attached properties–Business Today
The Enforcement Directorate (ED) has sought legal opinion to challenge in the Supreme Court the National Company Law Appellate Tribunal (NCLAT)’s order asking it to
Group insolvency law: A first look at what it may entail–Business Today
A working group of experts have come out with a report on the group insolvency law. In what could be the first glimpse of the
IBC Code: Are speculative homebuyers misusing insolvency law?–Business Today
Are unscrupulous or speculative homebuyers trying to disrupt otherwise well-run real estate companies? Are homebuyers who have an axe to grind misusing the insolvency and
Gehlot writes to PM, seeks amendments in bankruptcy law to protect state enterprises–Business Today
Rajasthan Chief Minister Ashok Gehlot has written a letter to Prime Minister Narendra Modi asking him to safeguard the assets of state government and interests
BT Buzz: No takers for junk priced Rotomac, LML, Moser Baer brands in liquidation–Business Today
Since the corporate insolvency law – Insolvency and Bankruptcy Code (IBC) – came into existence in May 2016, the court has adjudicated liquidation of 486
Insurance Deposit limit | View: It’s time to revise the limit of deposit insurance cover–Economic Times
By Manas R Das The last time the deposit insurance coverage limit was revised was in May 1993, when a ‘bullet’ hike was effected from
Save the bankruptcy code | Business Standard Editorials
One of the few high-profile successes of the Insolvency and Bankruptcy Code (IBC) has been the sale of Bhushan Power & Steel Ltd (BPSL) to JSW Steel.
Banks baulk at Rs 4,000-cr loan to Patanjali for Ruchi Soya acquisition | Business Standard News
According to Patanjali’s plan, the banks would take a 65 per cent haircut on Ruchi Soya’s Rs 12,100-crore dues Bankers are jittery over Patanjali Ayurved’s
Insolvency Code progress report: Nearly 4 times as many cases in liquidation as in resolution – The Financial Express
The IBBI data also shows about 56.17 per cent of the CIRPs, which were closed, ended in liquidation, and only 14.93 per cent ended with
NPA ailment: Financial sector fragility persists – The Financial Express
These counters could keep the lid on NPAs, preventing a full-blown reversal of the cycle. Is the non-performing asset cycle beginning to reverse after a
NCLAT sets aside insolvency proceeding against Ambience, asks NCLT to decide afresh – The Economic Times
During the proceedings, counsel appearing for the real estate development company cited provisions of the Companies Act and NCLT Rules, 2016 in support of its
NCLAT stays sale of Orchid to Dhanuka – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) has stayed the sale of Orchid Pharma to Dhanuka Laboratories, in the eleventh hour, as the scheme for acquisition was to
NCLAT stays formation of HDIL committee of creditors – The Economic Times
HDIL reported a 67% on-year decline in net profit in the quarter ended June 30, at Rs 8.24 crore. Total income fell 44% to Rs