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.
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.”
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.
April 05, 2021 3:26 pm
An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification.
September 08, 2020 10:32 am
At least a dozen big-ticket cases with total debt in excess of Rs 99,700 crore have been stuck for up to three years now due to legal challenges.
August 27, 2020 4:05 pm
Earlier, the Mumbai bench of the National Company Law Tribunal (NCLT) had allowed the initiation of insolvency proceedings against Anil Ambani after two companies promoted by him - Reliance Communications Ltd (RCom) and Reliance Infratel Ltd (RITL) - failed to pay dues of Rs 1,200 crore borrowed from SBI.
August 24, 2020 9:04 am
India has faced more challenges than anyone imagined to its health, institutions, federal relations, and national security; and, as a result, we have missed Jaitley’s presence even more than we feared.
July 07, 2020 5:25 am
On June 22, Sebi eased its preferential allotment rules to help stressed companies raise capital, changed the pricing formula to reflect recent prices and exempted such companies from the open offer requirement.
January 07, 2020 4:48 am
The government had in 2018 amended the IBC to include homebuyers in the category of financial creditors, with the ability to sit in the meetings of the Committee of Creditors (CoC).
May 27, 2018 2:29 am
Reforms have to be now taken to the next stage for long-term benefits, there are areas like direct taxes and labour laws, where major changes are yet to be initiated.