April 25, 2022 5:30 am
This is because once a company is taken to the IBC route, equity shareholders has the last claim over any assets of a company after dues to the government, financial institutions, banks and other creditors and bondholders are paid off.
April 22, 2022 11:00 am
Shashwat Alok, Aditya Kuvalekar, Rajeev Mantri and Prasanna Tantri write: The IBC is potentially as effective as a disciplining device as much as it is a resolution mechanism.
September 08, 2021 11:07 am
What is the need for a code of conduct for the CoC, and what are key issues raised in the proposed policy?
August 20, 2021 9:47 am
MS Sahoo writes: The Insolvency and Bankruptcy Code, 2016, should be used by stakeholders at the right time, in the right case, in the right manner.
August 04, 2021 2:04 am
While the Opposition is still exploring ways to get the Pegasus spyware issue into parliamentary records, a Left MP’s speech on the Insolvency and Bankruptcy Code (Amendment) Bill, in which he tried to bring in the issue, triggered angry protests from Treasury benches in the Rajya Sabha.
July 28, 2021 3:27 pm
The Bill is set to replace the IBC Amendment Ordinance 2021 promulgated in April which introduced pre-packs as an insolvency resolution mechanism for micro, small and medium enterprises (MSMEs) with defaults up to Rs 1 crore.
July 28, 2021 8:10 am
Outcomes under IBC have fallen short of expectations. The process needs to be streamlined.
July 27, 2021 7:09 am
The IBC is positioned as a framework for timely resolution of the debt of insolvent companies, rather than a mechanism for recovery. But there are pitfalls to achieving either of these targets.
July 27, 2021 12:30 am
Besides offering a way for MSMEs to restructure their debts, the pre-pack scheme could also reduce the burden on benches of the National Company Law Tribunals by offering a faster resolution mechanism than ordinary CIRPs.
April 16, 2021 8:58 am
Amendments to the Insolvency and Bankruptcy Code framework are a step towards addressing lacuna in its original architecture. The code is transitioning away from a creditor-centric approach.