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Thursday, January 20, 2022

IBC

IBC NEWS

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.

Government amends insolvency law; introduces pre-packaged resolution process for MSMEs

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.

Bankruptcy resolution falters as ED, CBI, Sebi create hurdles

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.

Relief for Anil Ambani as Delhi HC stays IBC proceedings in Rs 1,200 crore loan default case

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.

If GST and IBC could be rehabilitated, it would help the economy. And also be a fitting tribute to Jaitley

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.

Rule change to help over 270 stressed cos raise funds, restructure finances

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.

IBC amendment on homebuyers quorum challenged in apex court

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).

‘Govt must continue with reforms despite political compulsions’

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.

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