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
Category: IBC-SEBI
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
[ IBC Law ] More steel to lenders | Business Line
The Gujarat High Court verdict in the Essar Steel case sanctifies the IBC process and strengthens the hands of lenders Counter-intuitive as it might
Insolvency: Landmark bankruptcy ruling: Loan defaulters’ personal wealth can now be auctioned–Economic Times–19.07.2017
The court has ordered lenders to go after the personal properties of M/s Schweitzer Systemtek India though the company brought in voluntary bankruptcy proceedings. MUMBAI:
Insolvency and Bankruptcy Code: ‘Gujarat High Court views could delay Insolvency Code resolutions’-Economic Times–19.07.2017
The government pushed through the IBC to hasten up recoveries from defaulters MUMBAI: The Gujarat High Court may have dismissed Essar Steel’s petition challenging the
Essar Steel: Gujarat HC turns down Essar Steel’s bad loan plea in big win for banks–Economic Times–19.07.2017
The Gujarat High Court dismissed Essar Steel’s plea against the Reserve Bank of India directive asking lenders to initiate bankruptcy proceedings against the debt-laden company,
Stringent provisioning a disincentive to insolvency process–Economic Times–19.07.2017
By MR Umarji The Reserve Bank of India has recently prescribed provisioning requirements for banks in cases where insolvency resolution process is initiated against any
Essar resolution: Selective speed in judicial working not doable–18.07.2017–
The Gujarat High Court has dismissed a plea by Essar Steel that had contested bankruptcy proceeding against it. This does not mean swift resolution of
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