Shrachi group arm BTL EPC highest bidder for McNally Bharat The other three resolution applicants are Naveen Jindal-led Nalwa Steel And Power, Amit Metaliks of Amit Alliance and Rashmi Metaliks… 3 years agoJanuary 24, 2023
Panel suggests limiting group insolvency to bankrupt entities However, financial services providers like banks would be outside the ambit of the group insolvency framework, it has said. 3 years agoJanuary 20, 2023
Changes to bolster IBC process but certain aspects need more debate: Analysts The ministry has proposed to empower the National Company Law Tribunal (NCLT) to slap hefty fines on those that contravene… 3 years agoJanuary 19, 2023
Financial creditors take 67% haircut in IBC cases While admitting that the delay is the main challenge before the IBC, RBI governor Shaktikanta Das had said that the… 3 years agoDecember 30, 2022
Look before you leap IBC’s efficacy must improve, but extending the pre-pack resolution to big borrowers may not be the best solution 3 years agoDecember 28, 2022
Uniform valuation standards for IBC assets in the works At present, internationally accepted valuation standards adopted by the Registered Valuers Organisation are used by the registered valuers for the… 3 years agoDecember 27, 2022
Govt to amend insolvency law to reduce time taken for resolution process Amendments to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for timely resolution of stressed assets,… 3 years agoDecember 18, 2022
IDBI Bank files insolvency plea against Zee Entertainment to recover Rs 149.60 crore IDBI Bank has claimed an amount of Rs 149.60 crore, which has been disputed by ZEEL, said a regulatory update… 3 years agoDecember 15, 2022
Deadlines for efficiency Premium Story This subsumes two obligations on the concerned State agency—it must accord the required approval, and it must do so in… 3 years agoNovember 24, 2022
NCLAT stays insolvency proceedings against BPTP as realty firm settles dispute with operational creditor According to the petitioner, some payment was made against the work order. Later, it received an e-mail from BPTP in… 3 years agoNovember 19, 2022
Creditors realise Rs 2.43 lakh crore through insolvency resolution process till Sep 2022 The creditors have realised 177.55 per cent of the liquidation value and 84 per cent of the fair value (based… 3 years agoNovember 17, 2022
Pre-pack insolvency may get a facelift Lack of response to the MSME scheme forces review 3 years agoOctober 9, 2022
Insolvency law changing the way society perceives biz failures: CCI chief “Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way society perceives business… 3 years agoOctober 1, 2022
IPEs can now act as insolvency professionals Move to improve management of large toxic assets during resolution process 3 years agoSeptember 29, 2022
IBBI mandates marketing of only large toxic assets According to the regulator’s directive, professional services can be hired for marketing of such large assets and information of assets… 3 years agoSeptember 27, 2022
Insolvency initiation: SC upholds NCLT’s discretionary powers While seeking review of the judgment, Mehta and Divan told the SC that there was a need to revisit the… 3 years agoSeptember 22, 2022
IBBI seeks banks’ role in tweaking insolvency rules The government deferred the introduction of an IBC amendment Bill, which was to be taken up by Parliament in the… 3 years agoSeptember 20, 2022
IBBI move on part sale of stressed firms to boost recovery: Analysts The Insolvency and Bankruptcy Board of India (IBBI) has allowed administrators and creditors of stressed firms to invite bids for… 3 years agoSeptember 20, 2022
