The Insolvency and Bankruptcy Code, 2016 (the Code), shall be two years old next month with mixed experience, despite government’s move at an unprecedented pace to operationalise
Category: IBC-SEBI
Insolvency and Bankruptcy Code: BJP claims Rs 4 lakh crore recovery; RBI data tell a different story | The Indian Express–16.04.2018
The IBC provides for a time-bound resolution within 180 days, and has a provision to extend the deadline by another 90-days. The BJP claimed on
Electrosteel Insolvency case: IBBI fines resolution professional for not considering creditor claim | The Indian Express–16.04.2018
National Sales’ claims fell in the category of 31 operational creditors for which claims are under ‘dispute’ in the pre-corporate insolvency resolution process The Insolvency
Binani withdraws termination plea of insolvency process | The Indian Express–16.04.2018
Binani Industries had reached an in-principle understanding with UltraTech Cement last month that would allow the latter to buy Binani Industries’ 98.43 per cent stake
Governor Patel, stay firm on bank norms–Economic Times–14.04.2018
Reserve Bank of India governor Urjit Patel has done the right thing to rule out any dilution in the norms for bad loans in the
Supreme Court says no to out-of-court settlement; Binani Ind withdraws plea – Business Line–14.04.2018
With the Supreme Court indicating it was not in favour of any out-of-court settlement, Binani Industries Ltd on Friday withdrew its plea seeking an end
IBC: Government needs to re-look at certain provisions of IBC: Uday Kotak – The Economic Times–13.04.2018
Kotak said the rules of bidding should be like a prospectus where it should be clearly stated what is the basis on which the bids
Insolvency committee report: A step towards fine-tuning IBC – The Financial Express–13.04.2018
The committee has taken into consideration the decision of the Supreme Court in the Mobilox Innovations case. The nascent Insolvency and Bankruptcy Code (IBC) is
SC for auctioning Unitech’s assets, orders issuance of public notice – The Economic Times–11.04.2018
The Supreme Court today took note of all the unencumbered assets of real estate major Unitech Limited and ordered that a public notice be issued inviting objections for auctioning
For smoother resolution – Business Line–10.04.2018
The Insolvency Committee has addressed many contentious issues plaguing resolution process In view of conflicting rulings by the National Company Law Tribunal (NCLT), numerous appeals,
How banks can improve recoveries under Insolvency and Bankruptcy Code – The Financial Express–09.04.2018
PSU banks have not been able to achieve significant improvement in recoveries even post the enactment of the Insolvency and Bankruptcy Code (IBC). We believe
Amending IBC: Need clarity how home buyers will be protected, says expert | Business Standard Column–09.04.2018
The recommendations of the Insolvency Law Committee appointed by the Ministry of Corporate Affairs if accepted will give a fresh boost to the Insolvency and Bankruptcy Code
Will IBC bankrupt banks? – The Hindu–09.04.2018
Mrs. Bumble had broken some trinkets but it was her husband who was held guilty… “Indeed, You are the more guilty of the two, in the
Insolvency and Bankruptcy Code: Government plans to have more NCLT benches – The Economic Times–07.04.2018-R
The government plans to have more benches of the National Company Law Tribunal on the basis of case load, a senior official said today amid
One step back: IBC must not encourage out-of-court settlements | Business Standard Editorials–06.04.2018
The central issue is: How can efficient and equitable price discovery be enabled for a stressed asset? A high-level panel set up to review the
Welcome tweak to IBC, but making homeowners financial creditors not a solution – The Financial Express–05.04.2018
Going by the decision of the appellate tribunal to allow the Committee of Creditors (CoC) for Binani Cement to consider an offer by Ultratech, even
Legal challenges could undermine IBC | Business Standard Column–05.04.2018
The legal system should trust the process of the IBC. Permitting exceptions on a case by case basis is a dangerous path to go down The Indian Bankruptcy Code (IBC)
Insolvency law: IBBI chief puts India Inc’s directors on notice – Business Line–05.04.2018-R
Directors of companies facing the insolvency process cannot go unscathed while the companies they ran are hauled over the coals. For the first time ever,
Insolvency and Bankruptcy Code: IBC panel suggests treating home buyers as financial creditors – The Economic Times–04.04.2018
Wilful defaulters and those whose accounts have been classified as non-performing assets, among others, are barred from bidding for stressed assets. Home buyers should be
Insolvency | Bankruptcy Law: IBC panel recommends changes to revamp insolvency resolution process–Economic Times–04.04.2018-R
Watch IBC revamp details as panel recommends changes in resolution process The MS Sahoo-led Insolvency and Bankruptcy panel has recommended changes to the insolvency resolution framework in its report
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