Tweaks to eligibility and bidding norms under the Insolvency and Bankruptcy Code must be subservient to the core public policy goal of the process: maximising
Category: IBC-SEBI
Think of unsecured creditors, too – The Financial Express–03.04.2018
A process that condones failure to consider a higher financial offer or supports causation of loss of hundreds of crores to unsecured and other creditors
Insolvency and Bankruptcy Code: IBC panel bats for flexibility and accountability for stakeholders – The Economic Times–31.03.2018
The 14-member insolvency law committee set up by the government to review the insolvency and bankruptcy code has made several significant recommendations to address concerns arising out
Registration norms for insolvency professionals get a makeover – Business Line–31.03.2018
The Insolvency and Bankruptcy Board of India (IBBI) has sought to streamline the process and criteria for registration of an insolvency professional (IP), seeking to
IBC–Financial creditors need to come clean on ‘related party’ – Business Line–31.03.2018
Insolvency regulations just got tightened to ensure that only genuine claims of financial creditors’ and not sham transactions get compensated under the Insolvency and Bankruptcy
IBC–Insolvency: How NCLTs are sending a strong message to truant promoters – The Economic Times–30.03.2018
Size and corporate governance do matter: That seems to be the unambiguous message India’s bankruptcy courts are giving the country’s beleaguered lenders about a year since they
IBC–Liquidators allowed to sell companies as ‘going concern’ – Business Line–30.03.2018
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
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committee reviewing the Insolvency and Bankruptcy Code (IBC) has proposed that a case admitted for resolution can be withdrawn if 90% of creditors agree, implying that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
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