Category: IBC-SEBI
Pre-packs for MSMEs find few takers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/current-account/pre-packs-for-msmes-find-few-takers/article69226458.ece Framework for the pre-packaged insolvency scheme demands revamp to fix gaps, boost stakeholder trust The introduction of the pre-pack insolvency resolution process (PPIRP),
IBC sees a shift: Corporate resolutions rise, liquidations decline – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibc-sees-a-shift-corporate-resolutions-rise-liquidations-decline/article69216190.ece IBBI highlights a steady increase in successful resolutions and a sharp drop in liquidations, signalling the growing effectiveness of India’s insolvency framework Insolvency
IBBI proposes ‘mini group insolvency’ to streamline resolution of interconnected entities – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibbi-proposes-mini-group-insolvency-to-streamline-resolution-of-interconnected-entities/article69188971.ece New framework aims to enhance efficiency, reduce costs, and maximize value realization under IBC In a major step toward improving the insolvency resolution
Experts differ on IBBI’s move to permit flat possession during insolvency | News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/experts-differ-on-ibbi-s-move-to-permit-flat-possession-during-insolvency-125020601531_1.html One major decision in the new amendments is that resolution professionals can hand over possession of plots, apartments, and flats to homebuyers while
*****Ibbi proposes coordinated insolvency resolution for interconnected entities | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/ibbi-proposes-coordinated-insolvency-resolution-for-interconnected-entities-125020501177_1.html Ibbi has noted that the current IBC process treats each entity as a standalone unit, overlooking the intricate web of interdependencies often present
*******In big relief, buyers can get possession of flats, plots during insolvency process – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/real-estate/ibbi-unlocks-stalled-homes-possession-now-possible-during-insolvency/article69184083.ece In a game-changing move, homebuyers can now take possession of their properties while insolvency proceedings continue, ending years of uncertainty. In a big
*IBC cases slow down as banks reconsider recovery approach – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/ibc-cases-slow-down-as-banks-reconsider-recovery-approach/article69136006.ece Extended delays erode NPA values, forcing banks to reassess the mechanism The Insolvency and Bankruptcy Code (IBC), once hailed as a transformative resolution mechanism,
*******Course correction – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/course-correction/article69085267.ece Decline in market turnover, a good sign Recent data on trading volumes in the equity cash and derivatives segment of the stock market
👍NPA cases referred for resolution, amount involved drop in 2023-24 | News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/npa-cases-referred-for-resolution-amount-involved-drop-in-2023-24-124122600989_1.html As a result, the amount involved and the amount recovered in absolute terms was also lower than the amount involved and recovered in
Petition u/s 9 of IBC couldn’t be rejected on grounds of raising fake claim of Pre-Existing dispute
Clipped from: https://taxguru.in/corporate-law/petition-u-s-9-ibc-rejected-grounds-raising-fake-claim-pre-existing-dispute.html Romi Datta Vs Sigma Supply Chain Solutions Pvt. Ltd. (NCLAT Delhi) Conclusion: Adjudicating Authority didn’t commit any error in holding that all requisite conditions
IBC reform needs to strike fine balance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ibc-reform-needs-to-strike-fine-balance/article68996878.ece Creditor-in-control model may need to be fine-tuned to make it a bit more debtor-friendly Since the introduction of the Insolvency and Bankruptcy Code
Resolution plan once approved cannot be changed post arbitration proceedings
Clipped from: https://taxguru.in/corporate-law/resolution-plan-approved-changed-post-arbitration-proceedings.html Yes Bank Limited Vs Katerra India Private Limited (NCLT Bengaluru) NCLT Bengaluru held that once the Resolution Plan is approved, no claim that
Application u/s. 9 of IBC rejected as performance pay cannot be taken as operational debt: NCLAT Chennai
Clipped from: https://taxguru.in/company-law/application-u-s-9-ibc-rejected-performance-pay-operational-debt-nclat-chennai.html M Ramakanth Vs Nagarjuna Fertiliser and Chemicals Limited (NCLAT Chennai) NCLAT Chennai held that claim raised by operational creditor towards performance pay cannot
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