Bankruptcy
Bankruptcy framework needs to be made more efficient, says CEA
The bankruptcy framework can be improved by enabling bankers to take economically efficient decisions, which entail assessing the fair value of sinking firms with the necessary haircut, Subramanian said
2 min read15 Oct 2020Delhi HC sends notice to Chinese banks on Anil Ambani’s plea
Anil Ambani has requested that the Chinese banks be included in his challenge to a separate bankruptcy case against him in India, and the Delhi High Court is asking for their views on that
1 min read12 Oct 2020Govt proposes extending suspension of bankruptcy filings
The proposal is to extend the halt on new bankruptcy cases for another six months past its currently scheduled ending point this week
1 min read24 Sep 2020‘Bankruptcy law has changed the credit culture in banks’
A significant amount of recovery has been witnessed in the banking system since implementation of IBC
3 min read18 Sep 2020NCLAT order revives debate on settlement
Settlement of dues allowed under the bankruptcy code with the consent of 90% of lenders has some advantages, say experts
1 min read20 Jul 2020Hertz hit by the law of unintended consequences
Though companies and governments plan and strategize, they often suffer from tunnel vision and ignore lateral consequences of actions taken by them or by other agencies.
4 min read27 May 2020Proposed IBC changes to benefit small businesses, resolutions to see a dip
Govt has decided to increase the threshold for applications under the IBC to ₹1 crore from ₹1 lakhIt plans to bring a special insolvency resolution framework for small businesses
4 min read17 May 2020An alternative mechanism to flatten the bankruptcy curve
India needs a resolution framework in the wake of the six-month suspension on bankruptcy filings under the IBC to prevent a build-up of stress in the financial system.This is also critical to prevent an inevitable deluge of bankruptcies after the lockdown.
4 min read4 May 2020Monnet Power invites bids to sell Odisha plant
In August 2017, IDFC Bank initiated proceedings against Monnet Power under IBCBased on a decision by CoC, company was admitted for liquidation to NCLT in December 2018
1 min read24 Feb 2020How bankruptcy got redefined in India
Bankruptcy in India has always been a mess and lenders knew they could do little more than kiss their money goodbye. It’s still early days, but IBC might change thatIt took two years of courtroom battles to find a buyer for ailing Essar Steel. Will business exits become easier now?
10 min read23 Dec 2019