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Monday, December 09, 2019

Insolvency and Bankruptcy Code

INSOLVENCY AND BANKRUPTCY CODE NEWS

Three years on, Insolvency and Bankruptcy Code is learning from outcomes, growing stronger

November 29, 2019 11:24 am

The recent empirical work on links between corporate bond markets and the bankruptcy system predicts that safe firms will issue bonds but higher risk firms, for whom insolvency is more likely, issue bonds as long as bankruptcy is efficient.

Steps to revival

November 18, 2019 4:38 am

Mess in banking and telecom sectors needs to be addressed urgently to pierce economic gloom.

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.

Cross-border IBC provisions likely to be tabled in Winter Session

November 12, 2019 4:30 am

Provisions for cross-border insolvency would enable Indian firms to claim their dues from foreign companies, while allowing foreign creditors to recover loans from Indian companies, sources said.

For faster resolution, NBFCs to be brought under IBC purview

November 08, 2019 6:32 am

The notification will allow existing consortium of lenders and the existing resolution professional to take the financial service provider or the NBFC to the NCLT and seek a resolution plan that is binding on all parties.

IBC-PMLA deadlock: Govt plans system for smooth resolution

November 07, 2019 3:37 am

The recent attachment of Bhushan Power & Steel Ltd’s (BPSL’s) assets by the Enforcement Directorate (ED) has created fresh doubts among bankers for using the IBC.

Parliament approves changes in insolvency and bankruptcy code

August 02, 2019 1:36 am

Sitharaman said the proposed amendments also respond to issues pertaining to financial creditors in the wake of a recent ruling with respect to financial and operational creditors.

Rajya Sabha passes bankruptcy code amendments for clarity on debt resolution mechanism

July 30, 2019 1:41 am

Sitharaman said the changes were “brought in for greater clarity” so that “no grey area prevails”, and “no interpretations which are going against the original intent of the Act are still prevalent”.

Supreme Court orders status quo in Essar insolvency case

July 22, 2019 12:43 pm

A bench headed by Justice R F Nariman said the monitoring committee will continue its work till the case is heard on August 7.

IBC amendments get Cabinet nod; 330-day deadline for resolution among key changes

July 18, 2019 3:41 am

The amendments to IBC are aimed at filling critical gap in the corporate insolvency resolution framework while at the same maximising value from the resolution process, the government said.