A remarkable aspect of the implementation of the Indian insolvency reform has been the continuous attention to improvements in the law. The judiciary and the
Category: IBC-SEBI
IBC: Creditors expect increase in realisations through IBC despite hiccups–Economic Times
“It is important for the RBI to find a new mechanism to ensure that resolution of stressed assets happens in a disciplined manner,” said ICRA.
Individual insolvency: Relief from usury for the poor soon – The Financial Express
However, since any such relief will be part of their credit history, potentially discouraging lenders to lend them again, these small debtors could also have
Essar Steel resolution: NCLAT reserves order on ArcelorMittal offer – The Financial Express
Insolvency petition against Essar Steel was admitted by the NCLT, Ahmedabad, on August 2, 2017. Hearing a bunch of petitions against the March 8 order
Verdict in, now for the tough part – BL INK – The Hindu BusinessLine
As a new government waits to settle into office, it has its task cut out — to pull Industry out of the deep end and
‘Corpus fund for insolvency resolution cannot be attached by any authority’ – MONEY & BANKING – The Hindu BusinessLine
The corpus fund arranged by the Committee of Creditors under the National Company Law Tribunal’s (NCLT) directions towards the cost of corporate insolvency resolution process
Is there another financial crisis brewing in household debt? | Business Standard Column
We have heard these last few years about the twin-debt problem faced by companies and banks. We’ve read reports like Credit Suisse’s “House of Debt”,
View: Policy continuity needs to get priority over new reforms – The Economic Times
BY-ANUBHUTI SAHAY (Head, South Asia, Economics Research, Standard Chartered) The economic agenda for the next government should be two-pronged in our view — bringing the already
Jaypee Infratech lenders start negotiations on NBCC’s bid as per NCLAT order – The Economic Times
Jaypee Infratech went into insolvency process in 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium seeking resolution
Joint bid for Jet Airways innovative but complicated: Experts – The Economic Times
With conventional solutions remaining elusive for the grounded Jet AirwaysNSE 4.41 %, industry experts see a joint bid for the airline by strategic and financial investors
Time the RBI moved afresh on bankruptcy–Economic Times
The Reserve Bank of India (RBI) should swiftly come out with its revised directive on the resolution of stressed assets, given that the country direly
Some banks make record provisions against bad loans – The Economic Times
Banks have used the past one year to improve their provision coverage ratio (PCR) as they clean up their books and strengthen balance sheets amid a
IL&FS board begins claims management for 70 group firms as part of resolution plan – The Financial Express
In 2018, IL&FS and subsidiaries defaulted on their short-term and long-term debt obligations to the tune of Rs 91,000 crore. The government-appointed board of the
IBC has passed many litmus tests, will continue to weather storms – The Financial Express
The NCLT started functioning with scant infrastructure. Established out of a vacuum, the NCLT had no institutional experience. Lack of closure in many insolvency cases
The way ahead for dealing with NPAs – The Hindu BusinessLine
Setting up an ARC to take over sticky loans is the best bet. It will also reduce the government’s bank recapitalisation burden The new government
View: The mystery of India’s vanishing working capital – The Economic Times
by Andy Mukherjee Ask any small Indian firm how long it takes to get paid by larger companies, what kind of a runaround they’re given,
ArcelorMittal to pay Rs 42,000 crore for Essar Steel takeover: Company tells NCLAT – The Financial Express
Global steel major ArcelorMittal Monday told the National Company Law Appellate Tribunal (NCLAT) that it would pay Rs 42,000 crore, including a minimum of guarantee
RBI to hold ‘structured meetings’ with bank auditors to deal with divergences – The Hindu BusinessLine
To deal with the issue of banks diverging from the prescribed asset classification norm and consequent under-provisioning, the Reserve Bank of India (RBI) has kickstarted
MCA sees Rs 2.8 lakh cr recovery from IBC-led resolution process – The Economic Times
Section 12 (A) of IBC allows for a withdrawal of an insolvency application if 90% of the creditors’ committee (CoC) by voting share approving it.
Handing over stuck realty projects to someone else is not a solution: SC | Business Standard Column
If the Supreme Court ordered the government to take over delayed real estate projects or handed them over to a reputed builder, it might sound
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