Page 6 of Insolvency and Bankruptcy Code

"Till September 30, 2022, the creditors have realised Rs 2.43 lakh crore under the resolution plans.

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…

November 17, 2022 18:53 IST

Pre-pack insolvency may get a facelift

Lack of response to the MSME scheme forces review

October 10, 2022 06:30 IST

"Standing on the two critical pillars of transparency and credibility, the Code and its implementation have continuously strived to build confidence among the creditors and the new management through an efficient bidding process," Gupta said.

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…

October 1, 2022 17:06 IST

Currently, 142 IPEs and thousands of insolvency professionals are registered with the IBBI. The changes are part of the IBBI (Insolvency Professionals) (Fourth Amendment) Regulations, 2022.

IPEs can now act as insolvency professionals

Move to improve management of large toxic assets during resolution process

September 30, 2022 01:15 IST

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…

September 28, 2022 02:50 IST

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…

September 23, 2022 02:45 IST

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…

September 21, 2022 01:00 IST

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…

September 20, 2022 05:10 IST

Insolvency and Bankruptcy Board of India, IIBI news, IBBI latest, bankruptcy board, resolution professional

Insolvency regulator moots incentives for resolution professionals

The move comes at a time when inordinate delays in resolution has been blamed for asset value erosion and consequent…

September 15, 2022 06:05 IST

Insolvency Law Committee report focuses on Corporate Insolvency Resolution, effect on liquidation process

IBC has seen enormous amendments and clarifications from Judiciary which has enabled its robust working which is quite encouraging

August 27, 2022 11:14 IST

Srei creditors extend resolution plan deadline till August 19

Three bids have so far been received for the Srei group companies from New York-based investment firm Arena Investors, VFSI…

August 12, 2022 00:05 IST

Srei group firms, Srei group firms news, Srei group firms insolvency resolution

New York investment firm, 2 others submit bids for Srei group firms

The deadline earlier was July 30. It was extended for the third time.

August 11, 2022 00:05 IST

The IBC Amendment Bill is scheduled to be introduced in the ongoing monsoon session of Parliament.

IBC Bill amendments to spur fast resolution of toxic assets

The ILC had also suggested that a mechanism for reviewing late submissions of plans and unsolicited revisions to plans be…

July 28, 2022 02:50 IST

The petition is admitted and initiation of Corporate Insolvency Resolution Process (CIRP) is ordered against Sahara Hospitality, and appointed Mamta Binani as Interim Resolution Professional, NCLT said in its order pronounced on Friday.

NCLT admits insolvency petition against Sahara Hospitality

The principal amount was about Rs 32 crore, which Sahara defaulted, according to petition filed by Delta Electro Mechanical.

July 18, 2022 03:00 IST

IBC: SC seeks govt response on Neptune promoters’ appeal

A bench led by Justice Indira Banerjee issued a notice to ministries of corporate affairs and law and justice, Hitesh…

July 5, 2022 02:10 IST

Government may introduce Bill on cross-border insolvency in monsoon session

The monsoon session is expected to be held from July 18 through August 12, although a formal announcement is yet…

June 29, 2022 01:30 IST

IiAS asks investors to vote against Reliance Power resolution

The advisory comes ahead of the company’s annual general meeting (AGM) scheduled on July 2, with e-voting slated to start…

June 24, 2022 08:30 IST

“It has been represented to Insolvency and Bankruptcy Board of India (IBBI) that real estate projects require different dispensation than normal projects,” the regulator said.

IBBI moots separate insolvency framework for home buyers

The Insolvency and Bankruptcy Code (IBC) was amended in 2018 to clarify the status of home buyers as financial creditors.…

June 16, 2022 05:40 IST

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Punjabi singer Harman Sidhu, 37, died in a car accident while on his way to his village. He was known for his heartfelt songs and was an active member of the Punjabi music industry. This tragedy follows the recent death of another popular singer, Rajvir Jawanda. Fans will remember Sidhu for his music and mourn his loss.

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