Bankruptcy Law News

The govt is reportedly considering moving ahead with Fresh Start, a part of IBC that applies to low-income individuals who have small debtsNeil Borate asks experts if the thresholds for Fresh Start are set too low, and whether or not the procedure will help small borrowers

Companies are complaining about the endless host of litigation that they face under IBC codeOperational creditors, who are unhappy with the settlements, often stall the insolvency process

SBI is working with the founders of several mid-sized companies to restructure loans and escape bankruptcy proceedings, said KantRecent bankruptcy proceedings were a wake up call for India’s business community

Under the so-called 'pre-packaged' bankruptcy schemes, creditors and shareholders will approach a bankruptcy court with a pre-negotiated reorganization plan, as prevalent in countries such as the US and the UK

Caught between the compulsions of a win-at-all-costs political strategy and an ostrich-like approach to new ideas, the government has put structural reforms on pause

Home buyers who, as financial creditors, will now be able to decide the future of defaulting builders alongside their lenders

The insolvency and bankruptcy code replaced a web of archaic laws, some dating back a 100 years, and helped India jump 30 points to make it to the top 100 countries in World Bank's ease of doing business rankings

The dilution of the insolvency and bankruptcy code is perhaps a small price to pay for speeding up its use in getting the highest value from an asset in the shortest possible time, and that is really the core spirit of the law

Enabling MSME promoters to bid for their firms under insolvency and bankruptcy code will help in speedy resolution of NPA cases, says FICCI president Rashesh Shah

The Insolvency and Bankruptcy Code, 2016 is open for comments till December; the amendments will get enforced from 1 April 2019. Ashwini Kumar Sharma asked experts on what should be changed