A World Bank study shows that insolvency cases on an average took 4.3 years to get resolved in India. And lenders’ recovery rate was 26
Category: IBC-SEBI
Success of resolution plan critical for investors under Insolvency and Bankruptcy Code | Business Line–02.08.2017
With recovery rate of just 10-20 paise to a rupee, investors may not get anything if resolution fails and the company goes into liquidation August
Not just banks, your unpaid supplier of goods or services can now initiate bankruptcy proceedings–Economic Times–30.07.2017
RBI will not ease any norms for commercial banks for the reason that IBC has not been made mandatory to be followed by Commercial Banks.
IBC an opportunity for asset reconstruction companies: Arun Jaitley – The Financial Express–30.07.2017
The internal advisory committee (IAC) of the RBI, after its meeting on June 13, had recommended 12 accounts totalling about 25 per cent of the
200 firms under IBC in 7 months, says IBBI chief M S Sahoo | Business Standard–30.07.2017
In the seven months since the Insolvency and Bankruptcy Code (IBC) became operational, the resolution process for 200 companies has started, said Insolvency and Bankruptcy
IBBI chief: Bankruptcy Code will address honest failures | Business Line–29.07.2017
The Insolvency and Bankruptcy Code (IBC) 2016 provides the ultimate economic freedom to exit, and also a mechanism to address honest, relative failures, said MS
Personal bankruptcy: Pure pie in the sky–Economic Times–28.07.2017
The government is reportedly working on the rules for personal bankruptcy. This is ambition, indeed. Of course, there is nothing wrong with the concept. The
Bad loan crisis: Before banking on bankruptcy code, lenders should follow a carrot and stick policy – The Financial Express–28.07.2017
The Insolvency & Bankruptcy Code (IBC) has laid down the way forward for lenders to expedite recovery and resolution of stressed assets while maintaining priority
SC allows settlement between parties even after case is admitted under IBC | Business Standard–28.07.2017
The recent Supreme Court order allowing a settlement between parties even after initiation of insolvency proceedings has given new food for thought to bankers, debtors
’Rs 8 lakh cr NPAs may face bankruptcy proceedings’ | Business Line–27.07.2017
Emboldened by the Banking Regulation (Amendment) Ordinance, the RBI is expected to push for resolution bad loans worth around Rs. 8 lakh crore by March
Essar case: RBI wins but bruises remain | Business Standard Column–26.07.2017
The Gujarat High Court’s decision to dismiss Essar Steel’s petition challenging the initiation of bankruptcy proceedings against the company came as a huge relief to
All petitions should be clubbed under insolvency code, Era Infra tells NCLT | Business Standard News–26.07.2017
Era Infra Engineering on Tuesday argued that all winding up petitions against the company being heard in courts under the Companies Act be clubbed under
loans: Defaulted on your loan? Your bank will soon be legally bound not to hound you for one-time repayment–Economic Times–25.07.2017
The government has begun work on laying down a process for individuals to be declared bankrupt, which will help them deal with a financial crisis
Insolvency not the best solution to alleviate NPA pain: HDFC Bank MD Aditya Puri – The Financial Express–25.07.2017
Veteran banker Aditya Puri today said initiating insolvency proceedings is not the “best solution” to fight the bad loan issue and advocated using the recently
The missing pillar of insolvency framework | Business Standard Column–24.07.2017
The bankruptcy law reforms committee (BLRC) has visualised four pillars to make the insolvency process work efficiently: A private industry of insolvency professionals (IPs); adjudication
Insolvency: Why pending winding-up cases are causing ambiguity in the Code | Business Standard Column–24.07.2017
The Reserve Bank of India’s (RBI’s) direction to banks to commence insolvency proceedings against 12 big-ticket corporate defaulters (with a combined value of Rs 1,75,000
Debtors have filed over 33% of insolvency cases | Business Line–24.07.2017
With defaulters themselves triggering the proceedings, resolution could happen faster Essar Steel tried to stay insolvency proceedings against it by moving the Gujarat High Court.
Insolvency case: Jaypee Infra must respond to petition by Aug 4, says NCLT | Business Standard News–21.07.2017
The National Company Law Tribunal (NCLT) on Thursday gave Jaypee Infratech time till August 4 to respond to a petition of insolvency filed by IDBI
What does limited liability mean here?–Economic Times–20.07.2017
A bankruptcy court has reportedly ruled that a promoter cannot escape liquidation of her personal assets by simply filing for bankruptcy. Going after the personal
Widening of direct tax base | Business Standard Column–20.07.2017
Implementation of the goods and services tax (GST) from July 1, 2017, is a huge step forward in uniform nation-wide collection of indirect taxes. Prime
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