Clipped from: https://www.business-standard.com In a Q&A, the chairman of the Insolvency and Bankruptcy Board of India says IBC should not be used to snuff out firms
Category: RBI–Banks
Maxim of the fish: New MSME norms may not be a blessing for small business | Business Standard Column
Clipped from: https://www.business-standard.com Enhancing the investment and turnover limits for MSMEs was overdue, but the smaller units will have serious reservations Workers of an ordnance clothing
‘Bad Bank’ not a good idea without resolving these issues first, explains Uday Kotak – The Financial Express
Clipped from: https://www.financialexpress.com Unless issues such as transparency, recovery rate, transfer price, and governance, are resolved, bad banks can not give desired results. A Bad Bank,
IBC suspension to provide breathing space to struggling companies: Experts – The Economic Times
Clipped from: https://economictimes.indiatimes.com Among other things, the Ordinance sought to prevent businesses that are experiencing distress on account of unprecedented situation following lockdown, from being pushed
India is mulling a new way to bring its bad loan burden under control – The Economic Times
Clipped from: https://economictimes.indiatimes.com India is mulling a new category of alternate investment fund to bring its bad loan burden under control. India is considering a new
Policies should be set keeping in mind everyone is in trouble, says Gadkari | Business Standard News
Clipped from: https://www.business-standard.com By removing the export turnover, these units will export more and the country will benefit. This will also boost employment, Nitin Gadkari said
Welcome breather – Special Report News – Issue Date: Jun 1, 2020
Clipped from: https://www.indiatoday.in The government has eased the regulatory burden to allow corporate India to focus on business revival. Worldwide Push: PM Modi at the Bloomberg
Insolvency code should be suspended for six months to help companies recover | The Indian Express
Clipped from: https://indianexpress.com After the lockdown is over, several companies are likely to default on their dues to both operational and financial creditors. The latter include
Govt. suspends insolvency proceedings – The Hindu
Clipped from: https://www.thehindu.com Fresh proceedings will not be initiated for at least six months starting from March 25 amid the COVID-19 pandemic The government on Friday
Corporate insolvency suspension ordinance promulgated – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com No insolvency initiation for debt defaults arising on or after March 25 The much-awaited ordinance suspending initiation of Corporate Insolvency Resolution Process (CIRP)
Saving viable cos more important than liquidating unviable ones: IBBI chief | Business Standard News
Clipped from: https://www.business-standard.com/ MS Sahoo backed the decision to bring in the IBC amendment ordinance to suspend triggering of corporate insolvency resolutions against cos for any
NCLT needs clear set of protocols to flatten bankruptcy curve, say experts | Business Standard News
Clipped from: https://www.business-standard.com Debt restructuring schemes under company law, and introduction of Code-based pre-packs are worth exploring, say experts Experts say there is no outer date
COVID-19: Govt amends insolvency law; suspends initiation of fresh proceedings for six months | Deccan Herald
Clipped from: https://www.deccanherald.com Seeking to provide relief for corporates, the government on Friday promulgated an ordinance to amend the Insolvency and Bankruptcy Code (IBC) whereby fresh
Bank Loan: Banks reassess loans, home buyers in soup | India Business News – Times of India
Clipped from: https://timesofindia.indiatimes.com MUMBAI: In the season of salary cuts and job losses, builders and people who booked flats in their projects now have to deal
‘Likely blanket suspension of fresh cases under IBC may kill any chances of viable restructuring of assets’ – The Financial Express
Clipped from: https://www.financialexpress.com/ While other jurisdictions have also adopted the accommodative stance, they have been varying and have drawn a redline for defaults that may have
IBC suspension leaves door open for fraud: Experts – The Economic Times
Clipped from: https://economictimes.indiatimes.com As per the ordinance issued on Friday, proceedings under the Insolvency and Bankruptcy Code can never ‘ever’ be filed for defaults occurring during
Bank Loan: Banks reassess loans, home buyers in soup | India Business News – Times of India
Clipped from: https://timesofindia.indiatimes.com MUMBAI: In the season of salary cuts and job losses, builders and people who booked flats in their projects now have to deal
Last thing we want at time of health crisis is to do something that creates a financial crisis: Uday Kotak | Business News,The Indian Express
Clipped from: https://indianexpress.com Uday Kotak said that there is an opportunity to rebalance rural and urban and that the state needs to work towards the aspect
‘Return to pre Covid-19 growth will take a year’, says Kotak Mahindra CEO – business news – Hindustan Times
Clipped from: https://www.hindustantimes.com/ Uday Kotak said we are in a completely new era post Covid-19 and thus, revival cannot be evaluated on average. Rajeev JayaswalHindustan Times,
Why the IBC ordinance to suspend insolvency pleas for six months, spells trouble – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Exempting Covid related defaults from insolvency under IBC permanently, can lead to unwarranted consequences For corporates caught in the Covid led crisis, the
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