Category: Legal

Allahabad bench of the bankruptcy court has rejected a plea from Exim Bank to treat its claim of Rs 625 crore on JEKPL Private Limited

By Abir Roy The recently promulgated ordinance relating to the Insolvency and Bankruptcy Code (IBC) has generated a lot of buzz, and has evoked mixed responses

Government may consider giving different treatment to small and medium enterprises (SMEs) under the Insolvency and Bankruptcy Code (IBC) since they usually have limited number

‘Defaults’, ‘wilful defaults’, ‘big corporate’, ‘Vijay Mallya’, ‘NPAs’, ‘nexus with banks’, ‘60 years of bad loans’, ‘bailout’ — phrases liberally used to score political points,

It’s not banks, but operational creditors, that have initiated the most number of cases under the Insolvency and Bankruptcy Code (IBC), said MS Sahoo, Chairperson,

The Insolvency and Bankruptcy Board of India (IBBI) is expected to step up its drive against defaulters by allowing lenders to act against high-profile individuals,

Section 29A of the Insolvency and Bankruptcy Code bars ousted promoters of an insolvent company from regaining control. It has not specifically disarmed any class

Depend upon it, Sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully. Many people know these

The National Company Law Tribunal has for the first time directed that a liquidator be appointed in place of an existing resolution professional in the

ET Now: What do you have to say on the impact on banks after the changes to the insolvency and bankruptcy code? Some say buyers

By Arijit Barman Last week’s new insolvency Ordinance, barring all wilful defaulters, or incumbent promoters with bad loans for ayear or more, from the auction

The Insolvency and Bankruptcy Code (IBC) amendment to plug a loophole in the law that allowed promoters to re-purchase their stressed assets at a discounted price

Given how many promoters have often gamed the system and got away with defaulting on loans, leaving banks to take huge haircuts, it is only

In defence of its recent insolvency ordinance, the government has asserted that the entire effort is aimed at “disqualifying errant promoters” while providing for a

Promoters of steel companies undergoing resolution under the bankruptcy code were keen to bid for assets but will not be able to do so now

promoters of failed companies are as untrustworthy as those who bankrolled them. This is the message from the Ordinance that was moved on Thursday to

The insolvency Ordinance will not be an optimal solution if its implementation doesn’t recognise three crucial factors. First, all efforts must be made to allow

I have never been a fan of the new bankruptcy law, stylishly called the Insolvency and Bankruptcy Code (IBC). The reason is that it does