Insolvency and Bankruptcy Code (IBC)
Insolvency and Bankruptcy Code: 'IBC raised confidence of all investors in Indian economy'
Sun, Oct 25, 2020
The Insolvency and Bankruptcy Code (IBC) has not only strengthened the banking system by helping them resolve outstanding debt piled over years but has also come as a big booster of confidence of national and foreign investors in the Indian economy.
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Banks recover Rs 40,400 cr from defaulters: RBI report
Sun, Dec 30, 2018
During the year, recovery through Lok Adalats and DRTs declined alongside the number of cases referred, partly indicative of the growing clout of the IBC mechanism for resolution of stressed assets, the monetary authority noted.
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In any system of this size, there may be a few black sheep: Rajnish Kumar, chairman, SBI
Mon, Sep 17, 2018
Rajnish Kumar, chairman, State Bank of India (SBI), expects some more amendments to come into the law so that the debate around existing promoters being kept out of the bidding process is settled. As he completes the first year in the corner office, he is hopeful that the problem of non-performing assets (NPAs) is being tackled in a systematic manner and the bank is ready for growth and profitability.
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Insolvency and Bankruptcy Code bogged down by low bids, delayed resolutions, says SBI chief Rajnish Kumar
Mon, Sep 17, 2018
“Whenever the bidders are trying to suppress the price of the asset, bankers will prefer to take the company to liquidation rather than sell it off at a huge discount to the new promoters. In quite a few cases, this has happened,” Kumar said while emphasising that the “payment discipline is sacrosanct”.
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How homebuyers can protect their financial interest under Insolvency and Bankruptcy Code
Mon, Jun 18, 2018
Scores of homebuyers, particularly in NCR, have some relief as now they will be treated as financial creditors. Homebuyers are recognised as financial creditors under the insolvency law, with the government promulgating an ordinance.
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Hope floats: Jaypee Infratech Wishtown homebuyers set to hit court again
Fri, May 25, 2018
Hopeful of getting a fair treatment after reclassification as financial creditors, the homebuyers of Jaypee Infratech are planning to approach the court to rerun the ongoing resolution process under the amended Insolvency and Bankruptcy Code (IBC).
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![50% provisions for IBC accounts "very reasonable": RBI's Acharya](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2017/06/30/21121-viral-acharya-youtube.png?itok=9FbrQXJA&c=22a12e4955a45ac46b05732047323c73 "50% provisions for IBC accounts "very reasonable": RBI's Acharya")
