The Insolvency and Bankruptcy Code (IBC) is set to be strengthened further with the addition of provisions covering cross-border insolvency, two officials familiar with the
Category: IBC-SEBI
Stayzilla case: SC orders status quo in Yogendra Vasupal’s appeal against insolvency – The Economic Times–27.01.2018
The Supreme Court has given an interim order of status quo in an appeal against the insolvency proceedings of hotel and homestay aggregator Stayzilla, freezing
IBC: SBI to invoke guarantees despite IBC proceedings – The Economic Times–27.01.2018
State Bank of India, India’s largest lender, has decided to invoke personal and corporate guarantees of defaulting firms even when they face bankruptcy proceedings but
Deccan Chronicle: NCLT appoints new IP in Deccan Chronicle with a tweak – The Economic Times–27.01.2018
The National Company Law Tribunal has set a precedent by choosing a resolution professional not originally on the panel submitted by lenders, marking the change
A year later, the Insolvency and Bankruptcy Code is still evolving – Livemint–27.01.2018—–*****
It has been a year since the Insolvency and Bankruptcy Code (IBC) came into effect. Introducing a modern bankruptcy framework is one of the most
The Insolvency and Bankruptcy Code: The journey so far – Livemint–27.01.2018
The Insolvency and Bankruptcy Code has now been in force for more than a year and given its ambitious objectives and impact, it continues to
bad loans: How Insolvency and Bankruptcy Code lays down a robust framework to deal with distressed assets – The Economic Times–21.01.2018—–*****
By Ravi Seth The Insolvency and Bankruptcy Code (IBC) — billed as the biggest economic reform in India after the Goods and Services Tax (GST)
Insolvency and Bankruptcy Code: RBI calls for a need to have online trading platform of bad loans – The Economic Times–21.01.2018—–*****
Reserve Bank of India (RBI) deputy governor, Viral Acharya called for a need to set up online platforn for trading and bidding platform of bad
RBI’s Acharya moots US-style trading platform for distressed assets | Business Standard News–21.01.2018
Reserve Bank of India (RBI) Deputy Governor Viral Acharya today suggested setting up of a online trading platform for selling distressed assets to ensure transparency
Insolvency and Bankruptcy Code: Don’t make it taxing-Here is why – The Financial Express–19.01.2018—–*****
To be sure, efforts are being made to ensure these assets are protected and transferred to the right hands; the government recently amended the IBC
Bankruptcy: Now, employees step in to save bankrupt companies – The Economic Times–18.01.2018
Employee buyouts or participatory managements are not commonplace in India, but the model could be explored for some companies hauled before insolvency courts, where affected
Modi Government: Defaulters use minor kin to evade scrutiny and recovery by lenders – The Economic Times–13.01.2018—–*****
Forensic investigators said they have found several promoters who used borrowings from banks to invest in real estate, land and commercial establishments in the names
Asset reconstruction companies to step up bad loan purchases in Q4 | Business Standard News–13.01.2018
Asset reconstruction companies (ARCs) are expected to step up purchases of bad loans in the fourth quarter (Q4FY18) as the recovery environment improves and commercial
NRE Coke: NCLT orders shutting NRE Coke but with a twist! – The Economic Times–12.01.2018—–*****
Under normal liquidation process, the company operation is shut first and then assets are sold to realise value. Slum sale of assets is expected fetch
‘IBC/ NCLT will succeed only if there is accountability’ | Business Line–12.01.2018
With just three weeks to go for the Union Budget, all eyes are on Finance Minister Arun Jaitley to see if he would bring legislative
Brief case: Clarifications on IBC, fresh auction with clear terms, and more | Business Standard Column–09.01.2018
More clarifications on bankruptcy code In yet another major clarification on the Insolvency and Bankruptcy Code, the Supreme Court has ruled that a lawyer on
The next level of credit analysis | Business Standard Column–Mr. Ajay Shah–08.01.2018—–*****
Credit risk analysis in India in the past has focused on the question: Will this company be able to pay its dues? Now we need
On way to insolvency, firms scout for fronts – The Hindu–08.01.2018
Whistle-blowers alert authorities A number of insolvency-bound companies, reeling under huge unserved loans, are scouting for front entities to buy them out in a distress
MAT: CBDT relaxes norms for MAT on firms facing insolvency – The Economic Times–07.01.2018
Keen to minimise hardship faced by companies going in for insolvency resolution, the government will from financial year 2017-18 allow a company to reduce amount
Why tax policy must support IBC intent – The Financial Express–07.01.2018—–*****
By- KS Mehta The Insolvency and Bankruptcy Code’s (IBC’s) welcome objective is expeditious revival of stagnating industrial investment, whether operating or capital work in progress,