There are a total of 1,107 registered insolvency professionals in India. MUMBAI: The National Company Law Tribunal’s Mumbai Chapter may be dealing with the highest
Category: IBC-SEBI
Insolvency and Bankruptcy Code: Keeping promoters at arm’s length | Business Standard News–13.11.2017
Interestingly, India is among the few countries with rules to keep promoters and the board of directors away from a company during the insolvency resolution
Insolvency: More tinkering to plug loopholes | Business Standard Column–13.11.2017
On November 7, the Insolvency and Bankruptcy Board of India (IBBI) came out with a notification that is a classic example of motherhood statements from
Keep promoter off liquidated assets, otherwise, bankruptcy politics will turn toxic–10.11.2017
The government’s new and improved rules for insolvency resolution are not good enough and will pave the way for huge political embarrassment for the government.
‘Dubious’ promoters should not get refuge under IBC: Sajjan Jindal – The Economic Times–09.11.2017
JSW Steel is one of the firms keen to buy stressed assets referred to National Company Law Tribunal. Indian companies and promoters battling to take
Post re-cap, banks may take sharp haircuts to end steel sector exposure | Business Line–08.11.2017
The ₹2.11-trillion ($32 billion) recapitalisation support to be provided by the government to State-run banks may prompt them to take bigger haircuts on their exposure
Insolvency code: Due diligence framework tightened for resolution applicants | Business Line–08.11.2017
The Insolvency and Bankruptcy Board of India (IBBI) — the insolvency regulator — has tightened the due diligence framework on resolution applicants, including promoters. Corporate
A fair chance | Business Standard Editorials–07.11.2017
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
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
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