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Sunday, March 07, 2021

Insolvency and Bankruptcy Code

INSOLVENCY AND BANKRUPTCY CODE NEWS

The Insolvency and Bankruptcy Code allows the market to make the most efficient choice

February 08, 2021 9:22 am

Liquidation or rescue is an outcome of the market forces; the law is only an enabler giving choices and nudging a company towards value maximising outcomes. The stakeholders decide whether to seek resolution and, if so, the mode of resolution.

Insolvency and Bankruptcy Code: India still lagging on some key indicators of dispute resolution

January 30, 2021 1:27 am

The Economic Survey 2020-21 noted that the legal system was the single most important method of dispute resolution and that India was still lagging on a number of key indicators on resolution, including time taken for enforcement of contracts and cost of litigation.

SC upholds IBC's Section 32A: Why is it important, what are the implications?

January 21, 2021 8:20 am

What did the Supreme Court say in its judgment on the validity of Section 32 A of the Insolvency and Bankruptcy Code (IBC)? Why is it important?

Eyeing faster resolution, govt may amend IBC to bring in pre-packs

January 10, 2021 2:07 am

A pre-pack is an agreement for a distressed company’s debt resolution between secured creditors and investors instead of a public bidding process, as under the Corporate Insolvency Resolution Process (CIRP) of the IBC.

Insolvency and Bankruptcy Code: Lack of permanent heads a concern, deluge awaits once moratorium ends

January 02, 2021 6:01 am

On January 5, 2020, only five days into the year, the first president of the National Company Law Tribunal (NCLT), Justice M M Kumar, retired from his post. The insolvency body has been without a full-time president ever since.

Explained: The amended liquidation regulations under IBC, and the questions they raise

November 22, 2020 8:26 am

What are the new regulations announced by the IBBI? Do the changes in liquidation norms help? What are the likely challenges for the new amended regulations? We explain

Explained: Why is the issue of personal guarantors under IBC in SC?

November 02, 2020 6:52 pm

The apex court will now hear on December 2 the pleas challenging the Insolvency and Bankruptcy Code provisions relating to initiation of insolvency proceedings against personal guarantors.

SC transfers to self all cases challenging IBC proceedings against personal guarantors

October 30, 2020 1:24 am

A Bench led by Justice LN Rao while transferring the cases pending before the high courts of Delhi, Madhya Pradesh and Telengana also restrained all HCs from entertaining fresh cases on the issue.

Govt extends suspension of new insolvency cases by 3 months

September 25, 2020 1:34 am

The government, in June, issued an Ordinance preventing the initiation of insolvency proceedings against companies for defaults in the six-month period starting March 25 under the Insolvency and Bankruptcy Code (IBC).

Govt using Covid as a pretext to bring ordinances: Adhir in Lok Sabha debate

September 22, 2020 1:50 am

Congress leader in the House Adhir Ranjan Chowdhury said the Constitutional measure of bringing ordinances should be resorted to as an exception and not a rule.