It has now been two years since the major financial reform of the National Democratic Alliance government, the Insolvency and Bankruptcy Code, or IBC, was
Category: IBC-SEBI
Insolvency And Bureaucratic Code-Minhaz Merchant – BW Businessworld
The Insolvency and Bankruptcy Code (IBC) is one of the most farsighted economic reforms legislated by the Narendra Modi government. It promises to mitigate the principal weakness
IBC Wilful defaulters barred from bidding for stressed assets – BW Businessworld
In a blow to defaulting promoters seeking to reclaim their firms that are under insolvency proceedings, the government today promulgated an ordinance to bar wilful
Attractive stressed assets up for sale in India: Jaitley – IANS Feed News
India’s bankrupt companies offer a never-before opportunity to the global investors to ride the country’s exceptional growth trajectory, thanks to the Insolvency and Bankruptcy Code
NCLT directs Era Infra RP to admit ICICI Bank as financial creditor – PTI feed News
The National Company Law Tribunal (NCLT) Thursday directed the resolution professional of Era Infrastructure India to admit ICICI Bank as a financial creditor under the
An evolving economy needs dynamic regulation, says Jaitley – PTI feed News
Finance Minister Arun Jaitley Saturday said as an economy evolves, regulation needs to be relaxed or altered keeping in the mind the ground situation. Speaking
Absence of bond market main reason for India’s banking crisis: CAG – IANS Feed News
The major reason for the crisis being faced by banks is the absence of a developed bond market in the country, the official auditor said
IBBI notifies mechanism for issuing regulations – PTI feed News
The Insolvency and Bankruptcy Board of India (IBBI) has notified the mechanism to be followed for issuing regulations under the insolvency law. A set of
Panel recommends UNCITRAL model for cross-border insolvency – IANS Feed News
A committee to look into amendments to the Insolvency and Bankruptcy Code (IBC) on Monday recommended the adoption of the UNCITRAL Model Law of Cross
Rupee fall, high NPAs still cause for concern: former RBI Guv Jalan – PTI feed News
Terming the Modi government’s performance as a mixed story, former RBI Governor Bimal Jalan Sunday said the declining value of rupee and high non-performing assets
IBBI needs to have more powers, says NCLAT Chairperson – PTI feed News
The Insolvency and Bankruptcy Board needs to be given more powers, NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya said Monday and also suggested that there should
Only registered valuers can do valuation under IBC from Feb 2019 – PTI feed News
From February next year, only entities registered as valuers with the IBBI can carry out valuation of assets under the insolvency law, according to a
BIZ IBC CORPORATES – BW Businessworld
Around 212 firms were sent for liquidation under the Insolvency and Bankruptcy Code (IBC) till September-end, a top official said Saturday. Insolvency and Bankruptcy Board
More relaxation sought for MSME promoters in IBC cases – BW Businessworld
Insolvency Professionals today made a pitch for additional relaxation for promoters in the MSME sector with regard to bidding for their own assets, in cases
IL&FS: SFIO smells a rat in Rs 400-crore IL&FS loan to staff trust–Economic Times
The Serious Fraud Investigation Office has said InfrastructureNSE -0.64 % Leasing & Financial Services (IL&FS) extended loans of over Rs 400 crore to the employee trust, knowing fully well they would
IBC offers attractive, conducive environment to foreign investors to come to India: Arun Jaitley–Economic Times
India, among the world’s fastest growing emerging economies, is likely to maintain the “high growth rate” of 7-8 per cent over the next decade, Finance Minister
NCLT dismisses HDFC plea for initiating insolvency proceedings against RHC Holding – The Hindu BusinessLine
The National Company Law Tribunal (NCLT) on Thursday dismissed the plea of HDFC Ltd to initiate insolvency proceedings against RHC Holding, a non-banking financial company
IL&FS: New IL&FS Board lines up fire sale, 65% staff may be fired
The Uday Kotak-led board of Infrastructure Leasing and Financial Services (IL&FS) is taking a string of steps — from selling stakes in subsidiaries and real estate to
Government to raise NCLT members to 60 from 32 soon to ease pressure – The Economic Times
The government has intensified efforts to ease the pressure on the National Company Law Tribunal (NCLT) and is learnt to be in the final stages of hiring judicial
Pre-packaged bankruptcy scheme to speed up insolvency resolutions pre-IBC – The Financial Express
The resolution plan so reached can then be placed before the NCLT for approval, so that it can be implemented. The government is exploring the