Bankruptcy law
BANKRUPTCY LAW NEWS
No panacea for stressed assets
September 27, 2020 3:08 pm
Amendments to insolvency law end up creating more uncertainty for MSMEs, and provide space for wilful defaults by estranged promoters.
Government notifies rules under insolvency law for resolution of financial service providers
November 15, 2019 5:47 pm
The latest move comes against the backdrop of instances of financial stress faced by certain entities that are into financial services.
Justice, law and change
June 28, 2019 12:20 am
India’s policy choices around bankruptcy represent a rupture with the past. But there is work yet to be done
Bankruptcy law changes to put homebuyers on par with lenders
May 24, 2018 12:54 am
Aimed at protecting the interests of homebuyers and enabling smooth resolution of stressed firms.
How the first fruit of insolvency law also spotlights its wider challenges
May 21, 2018 1:11 am
Over the next year or so, this law will be seen as one of the legacies of this government. But the pain of ‘creative destruction’ will probably last a while.
Arun Jaitley puts debtors on notice: Pay dues or allow others to take control of biz
August 31, 2017 1:57 pm
Stating that results of the proceedings against major debtors would dictate how the banking situation improves, he said the process will take time. "You can't have a surgical solution to this." Jaitley said the government was open to providing more capital to banks but cleaning up stressed loans was bigger priority.
Why test for bankruptcy law is a larger test for India
June 12, 2017 12:38 am
First adjudication this month, idea is to ensure quicker resolution of debt pile-ups, free up locked capital for fresh lending.
Bankruptcy law credit positive for banks: Moody's
May 26, 2016 2:18 pm
Moody's said the new law entails greater efforts by corporate borrowers to avoid default and thereby a possible insolvency resolution process
New bankruptcy law: Employees can seek attachment of promoters' assets
May 22, 2016 2:36 pm
Under the new law, employees can file an application for initiating resolution proceedings against a bankrupt company.
Bankruptcy law: Jayant Sinha says employees' rights to be foremost
May 16, 2016 9:31 am
Both Houses of Parliament within days passed the Insolvency and Bankruptcy Code last week to unify more than four overlapping sets of about a century-old laws to improve ease of doing business in the country.
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