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As many as 23 creditors participated in the voting under the insolvency mechanism, and banks which opposed the plan, got a vote share of only 19.186%.

How Subhash Chandra’s Rs 6.25-crore resolution proposal sailed through

August 30, 2026 1:18 pm

Banks say that the Zee founder’s associates and related parties, which had a greater vote share, backed the repayment plan. Chandra’s office has denied the claim.

Subhash Chandra’s Rs 6.5-crore settlement: What are ‘haircuts’ and how high can they get?

August 29, 2026 11:50 am

The Zee founder’s Rs 6.25-crore settlement is just a fraction of what lenders are owed, highlighting a larger problem with recoveries under the IBC. In 2025-26, banks recovered only 20% of what they were owed through the insolvency process — the lowest in five years.

India’s G20 Sherpa Amitabh Kant, ibc insolvency, bankruptcy, banking reforms, India’s insolvency resolution framework, Insolvency and Bankruptcy Code, insolvency resolution, RBI Governor Shaktikanta Das, Parliament’s Standing Committee on Finance, Indian express news

With long delays and steep haircuts, chorus for revamping Insolvency and Bankruptcy Code grows louder

October 06, 2024 7:28 am

In the recent past, various stakeholders, including RBI Governor Shaktikanta Das and the Parliament’s Standing Committee on Finance, also flagged concerns and the need to rethink the IBC's design.

Market capitalisation of PSU banks rises by up to 91% in Q3

October 05, 2023 9:37 pm

S&P said India's banks, especially the state-owned lenders, have improved their key performance metrics in recent quarters, preparing them better for a challenging global environment.

Govt frees aircraft recovery by lessors from IBC shackles – the move and its significance

October 06, 2023 10:21 am

The inability of lessors to take back their planes from Go First has hit India’s reputation as an aviation market among global aircraft financiers and lessors. The government has now acted on the matter, providing some relief and assurance to aircraft leasing firms that had been spooked.

RBI panel for ARC participation in IBC cases, investment threshold

November 03, 2021 1:13 am

The committee has recommended that ARCs be allowed to participate in IBC process either through an SR trust or through an AIF sponsored by them.

Next phase of IBC implementation should be personal insolvency: Sahoo

October 03, 2021 2:09 am

The outgoing IBBI chief said the next phase of the implementation of the IBC should include “individual insolvency with provisions for a fresh start and an informal approach to insolvency resolution, moving away slightly from court proceedings.”

‘Not part of IBC’: NCLAT questions success fee for RPs

September 22, 2021 12:58 pm

Resolution Professionals (RPs) and agencies hired by them to assist in management of resolution proceedings in some cases charge success fees contingent on a successful resolution for the company as part of their payment structure instead of higher upfront monthly fees.