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Insolvency and Bankruptcy Code
Debt recovery via insolvency cases at 31 percentage; 47 percent cases liquidated: Report
Fri, Apr 15, 2022
Nearly half of the 3,247 insolvency cases have been resolved through liquidation, and only a paltry 457 or 14 percent of them through asset sale as per their lenders-approved resolution plans, a report said on Friday.
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Year Ender 2021: With missed timelines, insolvency cases likely to speed up with improved infrastructure
Fri, Dec 31, 2021
The National Company Law Tribunal, the designated authority under the insolvency law, and the appellate tribunal NCLAT continued to grapple with a lack of resources in terms of vacant positions of judges and poor infrastructure.
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FM Nirmala Sitharaman to introduce Insolvency and Bankruptcy Code (Amendment) Bill, 2021 in Parliament TODAY- All you need to know
Mon, Jul 26, 2021
Finance Minister Nirmala Sitharaman will introduce the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 to amend the Insolvency and Bankruptcy Code, 2016 in the Parliament on Monday.
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Insolvency law a 'Swachhata drive' against non-performing assets: IBBI chief
Mon, Mar 23, 2020
The "evolving" insolvency law is a kind of "Swachhata drive" to clean up non-performing assets as well as put companies in the hands of capable and credible people, according to IBBI chief M S Sahoo
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Ministry mulling threshold for homebuyers to trigger insolvency against realtors
Mon, Oct 14, 2019
In a move to limit the abuse of the Insolvency and Bankruptcy Code (IBC), the Corporate Affairs Ministry is mulling the setting of a threshold for homebuyers for starting insolvency proceedings against real estate developers, Corporate Affair Secretary Injeti Srinivas said on Monday.
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Modi govt empowers Homebuyers! Top 10 points about the Insolvency and Bankruptcy Code (Amendment) Bill, 2019
Fri, Aug 02, 2019
PM Narendra Modi led NDA government notched up yet another success in Parliament. The Insolvency and Bankruptcy Code (Amendment) Bill, 2019 was passed by Parliament on Thursday.
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Insolvency and Bankruptcy Code: Lenders invoke IBC norms to keep stressed assets in NCLT
Fri, Apr 19, 2019
Banker's are confident that stressed assets referred to NCLT will continue to face bankruptcy proceedings as IBC clearly states such referral even if there is one day delay or default by any entity.
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Financial, operational creditors recover nearly half of total claims in 88 insolvency cases
Mon, Apr 15, 2019
Nearly half of their total admitted claims worth over Rs 1.42 lakh crore have been recovered by financial and operational creditors from as many as 88 debt-ridden companies under the insolvency law, according to official data.
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Delays beyond 270 days at NCLT cost banks Rs 4,000 cr in Foregone interest: Report
Tue, Nov 13, 2018
The inordinate delays beyond the 270-day deadline under the Insolvency and Bankruptcy Code (IBC) have cost the lenders to the first 'dirty list' of 12 large defaulters a whopping Rs 4,000 crore in interest income foregone, according to an Icra report.
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Trade war will help India emerge as bigger trading, manufacturing base: Arun Jaitley
Sat, Sep 29, 2018
Finance Minister Arun Jaitley Friday said the ongoing global trade war may have created "initial instability", but will gradually open up opportunities for India to emerge as a bigger trading and manufacturing base.
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Insolvency and Bankruptcy Code updates: Soon, IBC in border areas, new law for registered valuers?
Sat, Aug 18, 2018
Insolvency and Bankruptcy Code updates: Corporate affairs secretary Injeti Srinivas today said the evolving insolvency and bankruptcy law can be extended to cross-border assets.
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Resolutions were needed at any cost: Union Bank of India MD and CEO Rajkiran Rai
Mon, Jul 23, 2018
Union Bank of India MD and CEO told DNA Money that resolutions were needed at any cost and that all fresh lending only happens after the promoter puts in his equity. Gold-plating or disguising bank funds as promoter equity is now history.
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Homebuyers vs builders: Will good news for common man come this week? Find out
Mon, Apr 23, 2018
Homebuyers are likely to be granted the financial creditor’s status, placing them right after banks in the hierarchy under waterfall mechanism for liquidation. This is likely to bring relief to the thousands of homebuyers who are fighting a legal battle against builders over non-completion of projects.
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