Page 30 - Insolvency And Bankruptcy Code

Cabinet has approved amendments to bankruptcy code: Ravi Shankar Prasad

A 14-member Insolvency Law Committee had made suggestions to the Ministry of Corporate Affairs, including addressing woes of home buyers and making recoveries easier for lenders

Cabinet may consider amendments to Insolvency & Bankruptcy Code today

The government plans to promulgate an Ordinance to give effect to these changes since Parliament is not in session

Working, but too slowly: Bankruptcy process must keep to its own timetable

As currently in force, the IBC has a 270-day deadline for settling disputes over NPAs that are referred to the NCLT

IBC killing banks, likely to help borrowers like Mallya: AIBEA general secy

'The government is doing a blunder', according to C H Venkatachalam

Promoters need to give up, be more flexible in their approach: Viswanathan

Former Union law secretary,T K Viswanathan says society will benefit if an enterprise runs in a healthy manner, who ever be the promoter does not matter

A year later, the Insolvency and Bankruptcy Code is still work-in-progress

Bbankruptcy proceedings continue to drag on in several cases beyond the expected time-frame, with borrowers and unsuccessful bidders challenging the process in civil courts

Insolvency proceedings: Try out-of-court deal for Binani Cement, says NCLT

Tribunal tells committee of creditors to consider company's own higher offer

Insolvency and Bankruptcy Code: The trouble with resolution professionals

Despite growing demand for resolution professionals, the new-age turnaround experts are still learning on the job

Bankruptcy Code: Finance professionals on a roll as NCLT cases surge

With 600-700 new NPA cases getting admitted into NCLT every month, demand for Resolution Professionals is on the rise; their number has more than doubled in less than a year

Changes in IBC may help ArcelorMittal place a fresh bid for Essar Steel

Insiders said both bids have failed the legal eligibility test, as ArcelorMittal held 29% stake in Uttam Galva Steels, an NPA for over a year

Promoter conundrum: Small oversights could undermine IBC's effectiveness

The Insolvency and Bankruptcy Code (IBC) is India's best chance at tackling its crisis of bad debt

Rising litigation mars debt resolution under Insolvency and Bankruptcy Code

Essar Steel, Bhushan Power & Steel bidders may go to court

IBC: Amendment debarring defaulting promoters may be challenged in court

The insolvency and bankruptcy process is entering the decisive phase where some big-ticket stressed assets are up for grabs

Market economies need responsible, ethical professionals, says MS Sahoo

IBBI is the regulator of insolvency resolution professionals and it has been given the temporary responsibility of regulating VPs

Sebi forms special internal team working on relaxation for IBC companies

Easing of delisting rules and exemption from minimum public shareholding norms are among the key proposals; report in 2 months

Dissenting lender to be paid liquidation value

Amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations say liquidation value to be paid to dissenting lenders will have to be kept confidential

Lok Sabha passes Insolvency and Bankruptcy Code amendment bill

IBC provides for a time-bound insolvency resolution process

All promoters not debarred from bidding: NCLT

The tribunal said the intent of the ordinance was not to disqualify promoters as a class from submitting resolution plans

Insolvency ordinance: SME promoters may get leeway

The government move is driven by the realisation that SMEs are usually promoter-driven and attract resolution mainly from the promoters themselves

IBC 2016: Time to reboot the Code

Experts, including stakeholders such as bankers, lawyers, investors and promoters, feel the time is right for the Code to incorporate the lessons learnt in its year-long journey