As the Indian financial sector faces a serious problem with bad debt, a ray of hope on the horizon is the modern insolvency process. The
Category: IBC-SEBI
Bankruptcy: Likely bids by failed promoters to wrest control of troubled companies worry banks – The Economic Times–06.11.2017
Come December, banks will have to grapple with the ethical and financial dilemma of dealing with failed promoters who try to claw back control in
Can a bank allow a company under insolvency to withdraw cash? – The Economic Times–06.11.2017
Can a bank allow a company, which is facing corporate insolvency resolution proceedings under Insolvency and Bankruptcy Code and has non-performing assets (NPAs) attached to
Defaulting promoters can submit bids for their companies? SBI chief Rajnish Kumar said this interesting thing – The Financial Express–06.11.2017
Defaulting promoters submitting bids for their companies under the insolvency resolution process are “within their rights” to do so, State Bank of India (SBI) chairman
What turned it around for India | Business Standard Column–06.11.2017
Some are calling it “leapfrogging” while others are describing it as “hitting a century”; nonetheless, the superlatives are falling short of describing what can be
First set of insolvency rules for corporate guarantors, individual businesses may kick in by Dec | Business Line–05.11.2017
So far, reservations have been raised mostly on the threshold of ₹1,000 default that can trigger insolvency proceedings The Centre is likely to introduce the
IBC reform on cards to protect homebuyers | Business Standard News–10.10.2017
The Ministry of Corporate Affairs (MCA) is gearing up for some crucial amendments to the Insolvency and Bankruptcy Code (IBC) to provide more rights to
Trouble with Insolvency and bankruptcy Code? What could really disturb its journey – The Financial Express–06.10.2017
The government defied its poor track record on implementation of laws by deploying unprecedented will for effective roll-out of IBC. The Insolvency and Bankruptcy Code
What led Sebi to hold back order on loan default information filing to stock exchanges? – The Economic Times–03.10.2017
What drove the Securities and Exchange Board of India (Sebi) to hold back its directive requiring companies to inform stock exchanges about defaults on loan
Insolvency and Bankruptcy Court turns 1; check out its impressive achievements – The Financial Express–03.10.2017
Such fast evolution of a new regulatory apparatus is rare in India, certainly in an area that is considered abstruse globally. Around 400 cases of
Insolvency reforms: Crucial year ahead for regulator | Business Standard News–03.10.2017
It has been a hectic first year for the insolvency regulator, which hit the ground running. A year ago, when M S Sahoo went to
Regime for individuals will be in place quickly: IBBI chairman M S Sahoo | Business Standard News–02.10.2017
M S Sahoo, chairman, Insolvency and Bankruptcy Board of India (IBBI), is a trained lawyer and a veteran of regulatory policy, in his fifth regulatory
A day in the life of NCLT: Cases under code on fast track | Business Standard News–03.10.2017
It’s 10 past 10 on a Tuesday. Lawyers and their assistants with large bags containing case documents begin strolling into court room no 1. The
Insolvency and Bankruptcy code a game-changer; but here is what needs to be taken care of – The Financial Express–03.10.2017
Abir Roy The Insolvency and Bankruptcy Code (IBC) has been dubbed a game-changer in corporate circles, and the intent of the legislation—to see whether corporate
With banking sector bad loans at Rs 8 lakh cr, here is a loophole that can make it worse – The Financial Express–01.10.2017
Though the National Company Law Tribunal (NCLT) has dismissed Edelweiss Asset Reconstruction Company’s petition against the insolvency resolution done in the case of Synergies Dooray,
Operational creditors & dispute threshold – The Financial Express–28.09.2017
Abir Roy The scheme for admission of an insolvency petition is different for financial creditors and operational creditors. While financial creditors can directly approach the
Insolvency proceedings: Amend laws to recognise the concept of buyer’s lien | Business Standard Column–25.09.2017
Neither the Real Estate (Regulation and Development) Act (RERA) nor the Insolvency and Bankruptcy Code (IBC) sufficiently addresses the concerns of homebuyers Insolvency proceedings initiated
Bank NPAs crisis: Will IBC be a success? First resolution plan throws up points to ponder – The Financial Express–23.09.2017
The underlying objective of the IBC (Insolvency and Bankruptcy Code) is to revive and restore a company or liquidate it. The first insolvency plan approved
Jaypee insolvency: Quite a legal mess–22.09.2017
The Supreme Court’s intervention in the bankruptcy proceedings against Jaypee Infratech (JIL) is a legal mess. To begin with, the case brings out a deficiency
Why the Bankruptcy Code is turning into a double-edged sword for banks | Business Standard News++21.09.2017
Are banks getting boxed in after the introduction of the Bankruptcy Code? Some signals seem to be pointing that way. Not only are they looking
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