Finance Minister Arun Jaitley has wisely sought to allay fears about a “bail-in” clause in the Financial Resolution and Deposit Insurance Bill, 2017. Introduced in
Category: IBC-SEBI
Myopia on limited liability will kill risk-taking–04.12.2017
In India, limited liability has become endangered. The principle that an investor’s liability is limited to the capital he or she has put into a
Bankruptcy code: SEBI working on norms to ensure firms comply with listing terms | Business Line–04.12.2017-R
SEBI is working on compliance norms that companies going through the insolvency process must stick to so as to ensure that interests of the stakeholders
insolvency: NCLT rejects Exim Bank’s claim of Rs 625 crore on JEKPL – The Economic Times–02.12.2017
Allahabad bench of the bankruptcy court has rejected a plea from Exim Bank to treat its claim of Rs 625 crore on JEKPL Private Limited
Insolvency and Bankruptcy Code paints all promoters with same brush – The Financial Express–02.12.2017
By Abir Roy The recently promulgated ordinance relating to the Insolvency and Bankruptcy Code (IBC) has generated a lot of buzz, and has evoked mixed responses
Resale curbs likely in toxic asset auctions | Business Standard News–02.12.2017
The government is in discussions as to whether it should put in reasonable restrictions for a limited period of time on the successful bidder of
Bankruptcy Code: Different treatment likely for SMEs facing insolvency – The Economic Times–01.12.2017
Government may consider giving different treatment to small and medium enterprises (SMEs) under the Insolvency and Bankruptcy Code (IBC) since they usually have limited number
Modi: IBC Ordinance: Modi government just walked into a trap that it unwittingly laid for itself – The Economic Times–01.12.2017
‘Defaults’, ‘wilful defaults’, ‘big corporate’, ‘Vijay Mallya’, ‘NPAs’, ‘nexus with banks’, ‘60 years of bad loans’, ‘bailout’ — phrases liberally used to score political points,
‘Employees and even tea vendors can invoke IBC to find redress’ | Business Line–01.12.2017-R
It’s not banks, but operational creditors, that have initiated the most number of cases under the Insolvency and Bankruptcy Code (IBC), said MS Sahoo, Chairperson,
Bankruptcy Code: Screws tighten on defaulters, personal guarantors too may now face insolvency heat – The Economic Times–30.11.2017
The Insolvency and Bankruptcy Board of India (IBBI) is expected to step up its drive against defaulters by allowing lenders to act against high-profile individuals,
Insolvency and Bankruptcy Code: IBC Ordinance: End of the road for dishonest promoters, but has anyone thought of the collateral damage? – The Economic Times–30.11.2017
Section 29A of the Insolvency and Bankruptcy Code bars ousted promoters of an insolvent company from regaining control. It has not specifically disarmed any class
Insolvency ordinance impact: Over 70% of SMEs face liquidation | Business Standard News–30.11.2017
Around 70% of small and medium enterprises (SMEs) undergoing insolvency proceedings face liquidation as their promoters are the only ones presenting resolution plans. The recent
Go for serious debt rejig, not to NCLT–Economic Times–29.11.2017
Depend upon it, Sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully. Many people know these
Ban on promoters from bidding for stressed assets will not bring down valuation: JSW Steel | Business Line–29.11.2017
The valuation of stressed assets will not come down due to a ban on promoters bidding for such assets, JSW Steel Joint Managing Director Seshagiri
insolvency: Another twist in Insolvency as NCLT passes a new order – The Economic Times–28.11.2017
The National Company Law Tribunal has for the first time directed that a liquidator be appointed in place of an existing resolution professional in the
Insolvency and Bankruptcy Code: Govt shot in the foot by making IBC terms so exclusive: Mythili – The Economic Times–28.11.2017
ET Now: What do you have to say on the impact on banks after the changes to the insolvency and bankruptcy code? Some say buyers
Insolvency ordinance: Importance of being earnest–Economic Times–28.11.2017
By Arijit Barman Last week’s new insolvency Ordinance, barring all wilful defaulters, or incumbent promoters with bad loans for ayear or more, from the auction
India needs insolvency ordinance to deal with Rs 9.5 lakh crore bad loan monster – The Financial Express–28.11.2017
The Insolvency and Bankruptcy Code (IBC) amendment to plug a loophole in the law that allowed promoters to re-purchase their stressed assets at a discounted price
Insolvency process: Crackdown against defaulting owners is good; why no one should shed tears – The Financial Express–28.11.2017
Given how many promoters have often gamed the system and got away with defaulting on loans, leaving banks to take huge haircuts, it is only
Only ‘errant promoters’need fear IBC: entre | Business Line–28.11.2017
In defence of its recent insolvency ordinance, the government has asserted that the entire effort is aimed at “disqualifying errant promoters” while providing for a
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