Page 7 of Insolvency and Bankruptcy Code

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

The committee also suggested that a clarificatory note be issued to stress that proceedings for avoidable transactions and improper trading can continue even after the completion of a corporate insolvency resolution process (CIRP).

Insolvency panel suggests IBC changes to cut delays

Analysts have mainly blamed the delay in resolution for the value erosion, although other factors, too, served to drag down…

June 16, 2022 05:10 IST

IBBI amends rules for swifter redressal of grievances filed against insolvency professionals

IBBI has amended the Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017 and the Insolvency…

June 15, 2022 20:19 IST

The IBC promises a market-driven and time-bound resolution of toxic assets, thus offering stressed firms the freedom to exit. However, delays caused by litigations and bottlenecks in the adjudicating system have resulted in low recovery.

No stigma should be attached to business failures: IBBI chief

When a company fails for any reason and wants a quick exit, this is when the Insolvency and Bankruptcy Code…

June 11, 2022 01:15 IST

What ails the IBC? A problem of timely resolution Premium Story

Inordinate delays make the market for Distressed assets mimic the Lemons problem

Updated: May 26, 2022 10:17 IST

E-marketplace for toxic assets being given a leg up Premium Story

The Insolvency and Bankruptcy Board of India (IBBI) roped in NeSL information utility and Mjunction–a 50:50 venture between Tata Steel…

Updated: May 25, 2022 09:34 IST

According to the IBBI data, in 66% of cases where resolution is taking place, the 270-day limit set by the IBC has been breached.

Insolvency regulator holds meet with investors in bid to prop up IBC recovery

May 12, 2022: With a slew of retirements due this year, the IBC process is likely to get beset by…

Updated: May 13, 2022 13:03 IST

India still Asia’s best long-term structural story, says Chris Wood; recommends buying stocks on declines

Jefferies global equity strategist, Chris Wood continues to believe India’s growth story, terming it as Asia’s best long-term structural story…

May 10, 2022 11:15 IST

Large number of vacancies may hit NCLT functioning

An RTI reveals that in the near future vacancies at the adjudicating authority could be as high as 50%

April 19, 2022 08:21 IST

Individual insolvency for the poor on the back burner, focus now on toxic asset resolution

Instead, the government will first focus on further bolstering the IBC architecture to yield quick resolution of toxic assets while…

April 18, 2022 06:30 IST

In cases where no claims are received from creditor, the period for the preparation of list of stakeholders by the liquidator will be reduced to 15 days from the proposed last date for the receipt of claims.

Insolvency board amends norms on voluntary liquidation regulations

The IBBI has also introduced a compliance certificate/checklist for the voluntary liquidation process, along the lines of the one for…

April 7, 2022 05:00 IST

This could be part of an array of amendments to the Insolvency and Bankruptcy Code (IBC) that the government has been planning to introduce in Parliament for clearance.

Insolvency regulator to get more teeth, punitive powers; key amendments on the cards

Commenting on whether the IBBI needs to be further strengthened, a former central banker said, “There is merit in the…

March 7, 2022 04:00 IST

Recovery blues for lenders under IBC; pandemic, delay in resolutions hit insolvency proceedings

The Covid outbreak just exacerbated the severe value erosion of several stressed assets

March 5, 2022 06:15 IST

Jet Airways gets new CEO; Sanjiv Kapoor to pilot grounded airline as it rushes to fly again this summer

Jet Airways, which has not flown since April, 2019, is in the process of re-launching operations under its new promoters…

March 4, 2022 13:47 IST

The cross-border insolvency law recognises that one country has to proceed with the main insolvency case and others with supplementary case, depending on the location of defaulters’ assets.

Insolvency and Bankruptcy Code: Govt may intervene in rare cross-border insolvency cases

“This is an important requirement that will leave some scope for the government to act. Many nations that have adopted…

February 28, 2022 03:45 IST

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The aviation industry is predicted to experience an increase in bank lending in 2026, following a three-year decline. This is due to the need for funding for aircraft inductions, staffing costs, and overseas operations as airlines expand their fleets and international networks. However, concerns remain about rising costs and currency fluctuations.

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