Category: IBC-SEBI
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
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
IBC in stress: Survival depends on commitment to its core principles
Clipped from: https://www.business-standard.com/opinion/columns/ibc-in-stress-survival-depends-on-commitment-to-its-core-principles-125061500687_1.html Public laws aim to keep the crime proceeds beyond the reach of criminals while punishing the criminals. Although these proceeds were never the
IBC sees better recoveries, lower liquidations in FY25, albeit with longer resolution time – ICRA calls for reforms – Industry News | The Financial Express
Clipped from: https://www.financialexpress.com/business/industry-ibc-outlook-fy25-better-recoveries-fewer-liquidations-but-slower-resolutions-icra-seeks-reforms-3859798/?ref=hometop_hp Per ICRA, the number of resolution plans (RP) approved by the NCLT under the IBC showed a marginal dip to 259 cases from
Claims against personal guarantors in IBC cases jump 80% in FY25 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/claims-against-personal-guarantors-in-ibc-cases-jump-80-pc-in-fy25/article69621344.ece Creditors recover just ₹129 crore or 2% of admitted claims The number of cases filed against the personal guarantors last fiscal increased 24
SC halts Bhushan Steel liquidation, orders status quo on JSW review | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/supreme-court-halts-bhushan-steel-liquidation-orders-status-quo-125052601154_1.html The Supreme Court pauses NCLT proceedings to liquidate BPSL, observing that doing so may prejudice JSW’s yet-to-be-filed review of its quashed resolution plan