While the new IBC ordinance benefits homebuyers, promoters will not really lose out, so long as the promoter is not a wilful defaulter
3 min read27 Aug 2018Any attempt to bypass Insolvency and Bankruptcy Code (IBC) will open the floodgates for special interest lobbying, as far as power sector NPAs are concerned
3 min read13 Aug 2018Home buyers who, as financial creditors, will now be able to decide the future of defaulting builders alongside their lenders
2 min read31 Jul 2018On the day the IBC ordinance was passed, the finance ministry said the corporate debtors having annual turnover of up to 250 crore will also have benefits that were extended to MSMEs
3 min read4 Jul 2018The amendments, which are based on the recommendations of an expert panel, mark an important milestone in the evolution of the insolvency and bankruptcy code (IBC) of 2016
2 min read7 Jun 2018The IBC Amendment Bill was passed by Rajya Sabha amid concerns that the changes could bar genuine domestic investors from the insolvency resolution process, adversely affect MSMEs and lead to large scale litigation
3 min read2 Jan 2018The review committee will help the government take another look at some of the contentious issues in the IBC ordinance highlighted by the industry
2 min read12 Dec 2017After the recognition of bad assets, resolution should be faster as otherwise the lenders will suffer for long
6 min read11 Dec 2017IRPs will approach Insolvency and Bankruptcy Board of India (IBBI) for leeway in the amended Insolvency and Bankruptcy Code (IBC) for genuine insolvency cases
2 min read30 Nov 2017Several global private equity funds have already tied up at least $10 billion to invest in Indian NPAs
3 min read30 Nov 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared