Smaller banks have been more agile in the initial days of the Insolvency framework by moving more cases to the National Company Law Tribunal (NCLT).
Category: IBC-SEBI
Insolvency professionals: IBBI new norms raises doubts among insolvency professionals – The Economic Times–05.01.2018
The IBBI late on Wednesday came with a circular prohibiting outsourcing which many professionals say is confusing. Insolvency professionals are flummoxed by the latest rule
insolvency: IBBI bars insolvency professionals from outsourcing their responsibilities – The Economic Times–04.01.2018
“IPs shall not require any certificate from another person certifying the eligibility of a resolution applicant,” IBBI said. The Insolvency and Bankruptcy Board of India
Bankruptcy: IBC’s objective not to emphasise on liquidation: NCLT – The Economic Times–04.01.2018
National Company Law Tribunal (NCLT) president M M Kumar today said the objective of the Insolvency and Bankruptcy Code (IBC) is to find appropriate solution
Flexibility on bankruptcy | Business Standard Editorials–04.01.2018
Parliament on Tuesday gave its assent to the amendments that the government had proposed to the Insolvency and Bankruptcy Code, or IBC. These are meant
With IBC, banks will decide their fate | Business Standard News–04.01.2018
The government could be looking at giving tax exemptions to buyers of stressed assets because they may otherwise ask for more haircuts on assets. This,
Promoters now realise they aren’t irreplaceable: Sunil Srivastava, SBI – The Economic Times–03.01.2018
Bankers extended themselves in the past, even in matters beyond their realm, in trying to find solutions to problems faced by the promoters. NCLT is
IBC may end NPAs problem, but won’t help banks get their money back–Business Today–03.01.2018
As the 400 plus cases under the IBC at the NCLT wind their way through the various stages of the resolution process, banks are increasingly
Bankruptcy: Identify source of funds for dissenting creditors: IBC Amendment – The Economic Times–02.01.2018
A dissenting creditor, who may have disagreed with other lenders to draw a resolution plan with a common idea will now be assured of liquidation
bankruptcy board of india: IBBI registration must for asset valuations under bankruptcy code – The Economic Times–02.01.2018
Professionals carrying out asset valuations under Companies Act and Insolvency and Bankruptcy Code will have to get themselves registered with Insolvency Bankruptcy Board of India
IBC process: In 2018, Centre must plug all loopholes to keep dodgy promoters out – The Financial Express–02.01.2018
IBC process: In 2018, Centre must plug all loopholes to keep dodgy promoters out No year in recent times has been as eventful for corporate
‘Participation of wilful defaulters may weaken IBC’ – The Hindu–02.01.2018
The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2017 last Friday. However, we are likely to witness a wave of demands seeking
Arun Jaitley: Creditors need to take haircut in resolving bankruptcy: Arun Jaitley – The Economic Times–31.12.2017
Loan defaulters can bid for an insolvent entity or its assets during bankruptcy proceedings after paying interest due and making bad loan accounts operational, FM
stressed assets: RBI won’t extend deadline for 2nd list of defaulters – The Economic Times–31.12.2017
The Reserve Bank of India (RBI) formally turned down requests from banks to extend the deadline for restructuring the debt of companies on a second
IBC: Finance Minister Arun Jaitley introduces bill to amend IBC in Lok Sabha – The Economic Times–29.12.2017
IBC was enacted last year to consolidate and amend laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a
Insolvency and Bankruptcy Code: NCLT is a resolution and not a recovery mechanism: Bahram N Vakil – The Economic Times–29.12.2017
We didn’t follow the US because we don’t want ‘debtor in possession’. The newly-formed committee to review amendments to the Insolvency and Bankruptcy Code may
IBC: SC allows out of court settlement–sets aside NCLT order of admission — The Economic Times–28.12.2017
By Saikat Das The Insolvency and Bankruptcy Code (IBC) has seen a new twist as the Supreme Court has set aside the National Company Law
IBC–Personnel shortage: IBBI asks IIMs, law schools to promote insolvency research – The Financial Express–28.12.2017-R
Faced with an urgent need to bolster a nascent insolvency eco-system through a robust pool of professionals that would handle default cases involving billions of
Bankruptcy code: Baby-steps towards recovery of bad loans | Business Line–27.12.2017
A lot of hope is pinned on the Insolvency and Bankruptcy Code (IBC) to provide the much-needed cure to all the ills in the banking
Bankruptcy: Individual insolvency regime to be operational in phased manner: IBBI charirperson MS Sahoo – The Economic Times–26.12.2017-R
Steering the “smooth and fast- paced” journey of the insolvency law, the IBBI is now looking to put in place the regime for individual insolvency
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