E-PaperInsolvency News
Bankruptcy rescues have soared this year. Here is why
Data available from IBBI showed that from 2016 (when IBC became operational) to December 2023, bankruptcy resolution plans were approved for 891 companies
3 min read27 Mar 2024'Modi's Reforms Changed India's Macros, Economic Gamechanger', Says Top Jefferies Analyst Chris Wood
Chris Wood, the global head of equity strategies at Jefferies publishes a popular weekly newsletter called Greed & Fear. In this edition of the note, Wood says that the fundamental and structural reforms in the 2 5-year terms of PM Modi's government have helped India realise its full potential. In fact, he went on to quote a note written 21 years ago, and emphasised how India has changed in the last 10 years. Watch
23 Feb 2024Resolution of corporate bankruptcy cases under IBC is up: MCA Secretary Manoj Govil
Speaking at the seventh foundation day of the Insolvency and Bankruptcy Board of India, the rule maker and regulator, ministry of corporate affairs secretary, Manoj Govil, said the pace of debt resolution under IBC was steadily increasing.
2 min read1 Oct 2023‘Uniform norms needed to value bankrupt cos’ assets’
The IBC currently doesn’t prescribe an uniform valuation standard but valuation can be done only by registered valuers who follow internationally accepted valuation standards after physically verifying the assets.
2 min read19 Aug 2023Customised IBC resolutions in the works for real estate
India's government is considering altering the Insolvency and Bankruptcy Code to allow ‘customised resolutions’ for insolvent residential real estate projects, according to the Economic Times.
2 min read9 Jun 2023Is CRED still losing money? | Mint Explains | Mint
CRED was a fintech startup based in India that offered a credit card bill payment platform and aimed to reward users for paying their bills on time. But the question here is, Is CRED still losing money? #Cred #credapp #credbusinessstudy #casestudy #businessstrategy #mint Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg
15 May 2023Indian banks better off than American, European peers | Mint Explains | Mint
In this video, we'll explore the factors that make Indian banks different from their troubled US counterparts and why they may be better positioned to weather the storm.
15 May 2023Govt halts plan to adopt cross-border insolvency rules
The government’s current priority is to address key concerns around the operation of the bankruptcy code
3 min read15 May 2023‘Not a matter of choice’: Supreme Court asks Indian judiciary, tribunals to welcome modern technology, e-filing
‘The judiciary has to modernise and adapt to technology. The tribunals can be no exception. This can no longer be a matter of choice,’ a bench of Chief Justice of India (CJI) DY Chandrachud and justice JB Pardiwala earlier said.
2 min read10 May 2023Why is Reliance share price skyrocketing today — explained
Reliance share price is expected to give fresh breakout at ₹2,450 apiece levels, believe stock market experts
4 min read31 Mar 2023Popular Topics
Budget
The 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