Clipped from: https://www.business-standard.com/article/economy-policy/ibc-in-the-slow-lane-cirp-cases-decline-almost-12-shows-ibbi-data-121040601392_1.html New corporate insolvency being at halt reflected in the continuing drop in the number of ongoing corporate resolution cases in the October-December period
Category: IBC-SEBI
Split roles of chairperson, MD and CEO before Apr 2022 deadline: Sebi to listed cos – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/separation-of-cmd-roles-not-aimed-at-weakening-promoters-position-ajay-tyagi/articleshow/81928566.cmsSynopsis Listed entities were initially required to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards. However, based on industry representations,
Insolvency relief period over, govt brings in Ordinance for MSME pre-packs | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/banking-and-finance/insolvency-relief-period-over-govt-brings-in-ordinance-for-msme-pre-packs-7260454/ The move comes soon after the end of a one-year suspension of insolvency initiation under the Insolvency and Bankruptcy Code (IBC) imposed by
Pre-pack is ‘liquidation-remote resolution mechanism’, says IBBI chief – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/pre-pack-is-liquidation-remote-resolution-mechanism-says-ibbi-chief/2228140/ The pre-pack framework for stressed assets under the insolvency law is a “liquidation-remote resolution mechanism” and will also help in avoiding protracted legal
MSME Prepack report Oct 2020
Pre-Pack-Comments.pdf
MSME: IBC amendment seeks to provide prepack resolutions for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/ibc-amendment-seeks-to-provide-prepack-resolutions-for-msmes/articleshow/81924148.cmsSynopsis Alternative framework expected to bring about quicker, more cost-effective resolution process. NEW DELHI: The government has amended the Insolvency & Bankruptcy Code to
Insolvency ordinance: Govt amends Insolvency and Bankruptcy Code, brings in ‘pre-pack’ resolution scheme for MSMEs – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-ordinance-govt-amends-insolvency-and-bankruptcy-code-brings-in-pre-pack-resolution-scheme-for-msmes/2227440/ New scheme to yield faster resolution, cut costs and reduce litigation The scheme, where only the debtor will get to trigger the bankruptcy
Pre-pack insolvency for MSMEs now a reality – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/pre-pack-insolvency-for-msmes-now-a-reality/article34246885.ece Centre issues Ordinance; debt default threshold to be notified The Centre has taken the Ordinance route to introduce pre-packaged insolvency resolution process (pre-pack)
IBC ordinance allows prepack for MSMEs, eases resolution with minimum pain | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ibc-ordinance-allows-prepack-for-msmes-eases-resolution-with-minimum-pain-121040500720_1.html Ordinance is designed to ensure quicker, cost-effective and value maximising outcomes for all stakeholders in a manner that least disrupts their businesses and
Pre-pack problems | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/pre-pack-problems-121040501240_1.html MSME Ordinance violates basic principle of IBC The government has decided that a “pre-packaged” resolution process for micro, small, and medium enterprises (MSMEs)
Centre promulgates IBC amendment ordinance to allow pre-packaged insolvency for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/centre-promulgates-ibc-amendment-ordinance-to-allow-pre-packaged-insolvency-for-msmes/articleshow/81909630.cmsSynopsis A pre-packaged resolution essentially translates to a company preparing a restructuring plan with its creditors before initiating insolvency proceedings. This helps to cut
Government amends insolvency law; introduces pre-packaged resolution process for MSMEs | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/banking-and-finance/government-amends-insolvency-law-introduces-pre-packaged-resolution-process-for-msmes-7259484/ An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification. As per the ordinance,
Pre-pack problems | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/pre-pack-problems-121040501240_1.html MSME Ordinance violates basic principle of IBC The government has decided that a “pre-packaged” resolution process for micro, small, and medium enterprises (MSMEs)
Govt brings ordinance to introduce pre-packaged debt resolution for MSMEs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-amends-insolvency-law-introduces-pre-packaged-resolution-for-msmes-121040500380_1.html The latest move comes less than two weeks after the suspension of certain IBC provisions ended The government has amended the insolvency law
IBC prevails over SARFAESI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/ibc-prevails-over-sarfaesi/article34239316.ece The IBC is intended to put the debtor back on its feet, not merely to enable recovery of the dues by the creditors.
Now, a pre-packaged insolvency process for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/now-in-india-a-pre-packaged-insolvency-process-for-msmes/article34242211.ece?homepage=true Centre issues ordinance to introduce pre-packaged insolvency for corporates classified as MSMEs The Centre has used the Ordinance route to introduce pre-packaged insolvency
Decade on, wait for a roof still far cry for Jaypee Infratech homebuyers | Business Standard News
lipped from: https://www.business-standard.com/article/pf/decade-on-wait-for-a-roof-still-far-cry-for-jaypee-infratech-homebuyers-121040400958_1.html Apex court has sent case back to lenders, allowing previous two bidders to furnish revised plan According to a report by the Interim
Insolvency scheme: Govt, regulator finalising pre-pack framework, MSME scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-scheme-govt-regulator-finalising-pre-pack-framework-msme-scheme/2226793/ The government and the regulator are in the process of finalising a so-called pre-pack insolvency scheme, while a special framework for micro, small
Govt, regulator finalising pre-pack framework, MSME scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-scheme-govt-regulator-finalising-pre-pack-framework-msme-scheme/2226793/ The government and the regulator are in the process of finalising a so-called pre-pack insolvency scheme, while a special framework for micro, small
The limits of “As-Is Where-Is” in SARFAESI auctions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/the-limits-of-as-is-where-is-in-sarfaesi-auctions/article34124619.ece The SARFAESI Act of 2002 empowers a secured creditor—usually, a bank—to sell the pledged immovable property and recover his dues. Such sales are
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