Category: Legal

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

Amendments to the Insolvency and Bankruptcy Code (IBC) are likely to make lenders take large haircuts as suitors drive a hard bargain to buy cheaper

Debarring promoters from bidding for their own companies placed on the block in insolvency proceedings would dilute the competitive process, suppressing valuations, said lawyers and

Debt resolution for smaller companies may see higher challenges and number of companies going for liquidation may rise once the proposed changes to the Insolvency

Several companies whose assets are facing insolvency proceedings today said they were not wilful defaulters and would like to participate in the bidding process if

Investing in India’s bad debt, however, entails challenges. There are questions as to whether the companies can meet deadlines under the new bankruptcy code to

The President’s assent to the ordinance to amend the Insolvency and Bankruptcy Code (IBC) that will bar defaulters from bidding for the stressed assets on