The creditors have chosen Tata Steel and UK-based Liberty House for running the bankrupt companies Bhushan Steel and Amtek Auto, respectively. Of the remaining 10
Category: IBC-SEBI
Bankrupt MSME promoters may be allowed to bid for their companies | Business Standard News–08.03.2018
The insolvency law committee, headed by the Ministry of Corporate Affairs Secretary Injeti Srinivas, is expected to suggest significant changes in the Insolvency and Bankruptcy
Highest bidder right choice under IBC–Economic Times–07.03.2018
The government has done the right thing by instructing public sector banks to go by the value of the bid while assessing alternate offers for
Banks may have to take 60% haircut in large NPA cases under IBC: CRISIL–Business Today–06.03.02018
The cases of non-performing assets (NPAs) which have been referred to the National Company Law Tribunal (NCLT) for resolution under the Insolvency and Bankruptcy Code
Waning Interest in Stressed Assets- Business News–06.03.2018
Insolvency proceedings against the 12 big companies are the first test of the effectiveness of the Insolvency and Bankruptcy Code (IBC) in handling non-performing assets
[ IBC–Bank NPAs ] Acting in Haste- Business Today–06.03.2018
The world’s largest economy, the US, has seen a decline in bankruptcy momentum in the last decade. From 300 bankruptcy filings (with debt of $4,09,534
How jury is still out on IBC verdicts – The Financial Express–04.03.2018
The Insolvency and Bankruptcy Code (IBC) has put a sturdier regulator, the Insolvency and Bankruptcy Board of India, on the lines of SEBI and IRDAI.
Aircel to approach NCLT to file for India insolvency as soon as today | business news | Hindustan Times–01.03.2018
Billionaire T Ananda Krishnan’s Aircel Ltd. is poised to file for bankruptcy protection from creditors, people with knowledge of the matter said, which would make
IBC 2016: Clearing the Air- Business Today–28.02.2018—–*****
Enacted in 2016, the Insolvency and Bankruptcy Code, 2016 (IBC) has witnessed a lot of action in the last six months. However, there were many
Sweet melody of distressed assets–Economic Times–28.02.2018
The first resolution of a large non-performing asset has taken place under the Insolvency and Bankruptcy Code, with Monnet Ispat, which has an integrated steel
IBC: Amendment debarring defaulting promoters may be challenged in court | Business Standard Column–28.02.2018
The insolvency and bankruptcy process is entering the decisive phase where some big-ticket stressed assets are up for grabs. However, the recent amendment to the
Bankruptcy: IBBI asks IPs to disclose their relationship with parties | Business Standard Column–24.02.2018
After closely monitoring the functioning of insolvency professionals (IPs) over the last one year, the Insolvency and Bankruptcy Board of India (IBBI) has started streamlining
Expect more NPAs to come under IBC resolution – The Financial Express–16.02.2018—–*****
The Reserve Bank of India has come out with revised guidelines, setting out a framework for timely resolution of stressed assets through the use of
Why banks will likely fail to recover Rs 3 trillion from loan defaulters | Business -Standard News–16.02.2018—–*****
The Reserve Bank of India’s (RBI’s) new framework for stressed loans that would classify any default in one lender bank as a default in all
Insolvency and Bankruptcy Code: RBI withdraws CDR, SDR, S4A, JLF schemes to restructure defaulted loans – The Economic Times–13.02.2018
The Reserve Bank of India has scrapped numerous loan restructuring programmes prevalent among banks to restructure defaulted loans and made resolution of defaults time bound
NPA resolution: One size doesn’t fit all | Business Standard Column–13.02.2018
The sizeable and growing problem of non-performing assets in the banking books is a national concern. Policy makers, banking regulators and the banking system have
IBC has changed the way banks, firms work: Sanyal – Business Line–13.02.2018
Twesh Mishra The implementation of the Insolvency and Bankruptcy Code (IBC) has started cleaning up the loan disbursal process and even the the nature of
RBI notifies revised framework to deal with bad loans – BW Businessworld–13.02.2018
The Reserve Bank of India today came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms
Don’t look for ready-made solutions: IBBI chief to insolvency professionals – The Economic Times–11.02.2018-R
Sending out a strong message, IBBI Chairperson M S Sahoo today said insolvency resolution professionals should not look for “ready-made solutions” and desist from overcharging
insolvency: Separate route on anvil for individual insolvency cases – The Economic Times–09.02.2018
The code for individual insolvency is likely to be implemented in phases, according to officials. The corporate affairs ministry has asked debt recovery tribunals (DRTs)
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