Insolvency And Bankruptcy Code News
SBI-led committee to be set up to formulate new list of large stressed accounts with banks for resolution under IBC
Government has decided to set up a committee under the SBI chairman to examine and submit a fresh list of stressed accounts for transfer to NCLT and bolster the resolution pipeline
2 min read10:43 PM ISTInsolvency process: RBI Deputy Guv pitches for enforceable code of conduct for CoC
Insolvency process: RBI Deputy Guv pitches for enforceable code of conduct for CoC
2 min read7 Dec 2024NCLT member crunch slows down bankruptcy resolution
Twenty-two businesses have found debt resolution under the Insolvency and Bankruptcy Code (IBC) in October-November period of this year, against 47 in the year-ago period, provisional public data from Insolvency and Bankruptcy Board of India (IBBI) showed.
3 min read6 Dec 2024IBC reforms: Let’s strengthen the Code as a key growth enabler
This is a ‘big bang’ reform, as the IMF called it, but is in need of reforms. It’ll perform better if we adopt new technology for processes, clarify legal principles and close gaps in resolving cross-border insolvency.
6 min read4 Dec 2024CoC recommends EY honcho as new liquidator in Go First case
NCLT did not pass the approval order on Thursday and deferred the decision, scheduling the next hearing for 6 December.
3 min read28 Nov 2024Mediation to take centre stage in debt resolution
The move is being mulled as policy makers seek to leverage the bankruptcy ecosystem in an optimal way.Currently, work is underway to offer mediation as a voluntary option for operational creditors like vendors and service providers under IBBI’s regulations.
4 min read28 Nov 2024Insolvency board moves to limit liquidators’ discretion
In a proposal released for public feedback on Tuesday, the IBBI said officials authorized to liquidate insolvent companies must consult creditors compulsorily when rejecting the highest bids.
1 min read20 Nov 202463 businesses find debt resolution in Sept quarter; recovery from dubious deals go up
In the eight years since the IBC came into force, 1,068 companies have been nursed back.
3 min read12 Nov 2024Mint Explainer: The Cape Town connection to the Jet Airways, Go First insolvencies
Apart from deficiencies in India’s bankruptcy laws in dealing with airline insolvencies, the country’s partial alignment with a two-decade-old international treaty is also to blame.
7 min read12 Nov 2024Jet Airways liquidation: Why India needs a new regime to save airlines
The failed insolvency resolution of one of India’s oldest airlines shows the current rules under the Insolvency and Bankruptcy Code are far from ideal when dealing with airlines.
5 min read12 Nov 2024Popular 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