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Saturday, February 22, 2020

Insolvency and Bankruptcy Code

INSOLVENCY AND BANKRUPTCY CODE NEWS

Homebuyers’ quorum requirement under IBC: SC agrees to hear pleas

January 14, 2020 4:15 am

A two-judge bench led by Justice Rohinton Nariman, also said that status quo as of today should be maintained with respect to the applications.

Liquidation process: Secured creditor cannot sell assets to entities ineligible for insolvency plan

January 07, 2020 4:29 pm

The release said the IBBI has notified changes to the liquidation process regulations with effect from January 6. The amendment also provides a process for a stakeholder to seek withdrawal from the corporate liquidation account.

Insolvency & Bankruptcy Code: Banks recover over Rs 70,000 crore

December 25, 2019 7:15 am

The recovery percentage for FY 2019, however, fell by to 42.5 per cent from 49.6 per cent in the previous financial year.

Ordinance for ring fencing corporate debtors receives Cabinet approval

December 25, 2019 4:54 am

This ring fencing of successful bidders under the CIRP process is aimed at protecting them from the risk of any criminal proceedings against them, arising from cases filed by various investigative agencies such as the Enforcement Directorate or the Economic Offences Wing.

Successful IBC bidders to be ring fenced from criminal proceedings

December 12, 2019 5:14 am

The amendments to the Insolvency and Bankruptcy Code (IBC) are aimed at removing certain difficulties being faced during insolvency resolution process to realise the objects of the Code and to further ease doing of business, the government said in a statement.

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.