Liquidators of companies where an insolvency resolution process has not been successful now have the option to sell them as a going concern, rather than
Category: IBC-SEBI
IBC–A code for the broke – Business Line–30.03.2018—–*****
The bankruptcy code can make a difference One of the main issues with the erstwhile Board for Industrial and Financial reconstruction (BIFR) was that the
Ex Pilot Moves NCLT To Initiate Insolvency Proceedings Against AI – BW Businessworld–30.03.2018
A former Air India pilot has dragged the national carrier to the National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against it, saying
Insolvency Bankruptcy Code: IBC panel seeks to draw more bidders, cut losses – The Economic Times–29.03.2018
The committee reviewing the Insolvency and Bankruptcy Code (IBC) has proposed that a case admitted for resolution can be withdrawn if 90% of creditors agree, implying that
Fine-tune IBC process: So many complaints suggest all is not well with it – The Financial Express–29.03.2018
Amidst all the problems cropping up with regard to the resolutions of stressed companies under the Insolvency and Bankruptcy Code (IBC), the good news is
Insolvency and Bankruptcy Code: View: Resolution plans under IBC should adhere to principles of natural justice – The Economic Times–28.03.2018
Any transfer of such assets requires approval of 75% shareholders in a general body meeting. By M Umarji A new section 29A has been inserted
Insolvency and Bankruptcy: IBC panel eases insolvency rules for MSME owners, vastly improve prospect of being acquired, revived – The Economic Times–28.03.2018
The Insolvency and Bankruptcy Code review panel called for sweeping changes in the law aimed at easing insolvency rules for small enterprises and providing relief to home buyers by
IBC–Welcome changes to resolution rules–Economic Times-28.03.2018
A panel to review the Insolvency and Bankruptcy Code (IBC) has reportedly recommended treating homebuyers as financial creditors to provide them relief. It also wants
Questions about IBC: New bankruptcy procedure is running into trouble | Business Standard Editorials–27.03.2018
A resolution professional (RP) has levelled allegations, through a filing at the National Company Law Tribunal, or NCLT, against the promoters of Binani Cement. The allegations are that the
Insolvency Resolution Professional New Age Liquidators Or A Bit More -Monish Panda – BW Businessworld–25.03.2018
The qualifications required to undertake the duties and obligations of the IRP, perhaps require review by the legislature. The Insolvency Resolution Professional (“IRP”) is an
Why financial creditor status for homebuyers won’t help – The Financial Express–24.03.2018
In the case of the Kotak-Cube bid for Jaypee Infratech, for instance, the team was willing to complete construction of the project across some 52
Insolvency resolution stumbles on 4 key issues raised by prospective buyers | Business Standard News–23.03.2018
With prospective buyers of stressed assets challenging the interpretation of clauses in the Insolvency and Bankruptcy Code (IBC) in four key areas, the resolution of
Bankruptcy matters – Business Line–23.03.2018
The fledgling Insolvency and Bankruptcy Code is on stress-test. The ongoing resolution process for a clutch of well-known defaulters such as Bhushan Steel, Bhushan Steel
Bankruptcy cases: Govt may allow more time to restructure as lawsuits mount | Business Standard News–22.03.2018
India may allow more time for the restructuring plans of defaulting companies to be approved, according to people with knowledge of the matter, as a
Uday Kotak: Watch: More pain lurking for banks in SME loans, says Uday Kotak | The Economic Times Video | ET Now–21.03.2018
“The belief is that a lot of the challenges in the banking system are essentially on large businesses. I think we’ve also a pretty sensitive
UltraTech shows up two flaws in IBC: Mend, to maximise value of distressed asset–Economic Times–21.03.2018—–*****
That one of the bidders for an asset being sold in the resolution process under the Insolvency and Bankruptcy Code (IBC) is offering, outside the
Narendra Modi government clips wings of Super Rich! 91 big businessmen land in no-fly list – The Financial Express–21.03.2018
India is clipping the wings of businessmen it considers a flight risk. Weeks after the nation’s largest bank fraud investigation began, lawmakers, bureaucrats and court
The Bankruptcy Code is on test – Business Line–21.03.2018
Despite some flaws and the cases slowing it down, the new Insolvency Act is making India Inc wary about its debt pile For months, Dalmia
Insolvency and Bankruptcy Code: The trouble with resolution professionals | Business Standard News–19.03.2018
As the first flush of stressed assets under the Insolvency and Bankruptcy Code enter the final resolution phase, there are increasing instances of actions of
Insolvency and Bankruptcy Code: IBC panel for allowing lenders to invoke personal guarantees – The Economic Times–17.03.2018
The panel reviewing the Insolvency and Bankruptcy Code (IBC) has proposed that lenders to defaulting companies should be allowed to invoke personal guarantees, which in
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