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BANKRUPTCY BOARD OF INDIA
Need reforms for higher recoveries and speedier resolutions in IBC: IBBI ChairJayanti Prasad emphasized the need for reforms in India's debt resolution framework to improve realizations and safeguards. Justice Anupind...- IBC helps 1.4 lakh homebuyers move closer to possession as developers revive stalled projectsIndia's insolvency framework has helped more than 1.4 lakh homebuyers receive homes from stalled projects. Major developers, like Adani Rea...
- IBBI allows liquidators to modify stakeholder list on new informationUnder the earlier regime the liquidator could not change this list independently and had to apply to the Adjudicating Authority- usually th...
- Jayanti Prasad gets additional charge as Insolvency and Bankruptcy Board chairpersonJayanti Prasad has taken additional charge as Insolvency and Bankruptcy Board of India Chairperson. He succeeds Ravi Mital, who completed h...
- Supertech insolvency: NCLAT raises concern over delay in appointing IRP, slippage on deadlineConcerns have been raised by the NCLAT regarding NBCC's significant delays in the construction of Supertech projects, while criticism mount...
- India's water initiatives highlighted at UN rights council side eventAt a UN Human Rights Council gathering, India highlighted its efforts to address water scarcity through initiatives such as the Jal Jeevan ...
- Insolvency regulator mulls tighter safeguards for personal guarantee insolvencyIndia’s insolvency regulator is proposing tighter safeguards for personal guarantor cases, including zero voting rights for related-party c...
- India Inc’s Promoter Raj has run its course. Time to rewrite the succession scriptCorporate India faces numerous high-profile CEO departures, testing established succession plans. The traditional promoter system, a coloni...
- Stocks in news: Swiggy, M&M, REC, Adani Power and Bajaj FinservIndian stock markets closed lower on Monday, extending their losing streak for four weeks. Investor sentiment remained subdued due to risin...
- Rajesh Exports repays ₹510 crore dues to Canara Bank after DRT orderCanara Bank recovered all dues totaling ₹510 crore from Rajesh Exports. This recovery followed an order by a debt recovery tribunal. The ba...
- Zee Entertainment shares crash 14% amid Subhash Chandra’s 99.97% loan haircut rowZee Entertainment shares crashed on Monday after the NCLT approved a repayment plan involving founder Subhash Chandra. The plan entails a r...
- Dissenting creditors alleged family-linked entities cast 61.78 pc votes that cleared Subhash Chandra's insolvency planDissenting lenders have alleged that five entities linked to Subhash Chandra’s family controlled 61.78% of voting rights and helped approve...
- Bira 91 faces insolvency push as HNGIL seeks Rs 11.8 croreHindusthan National Glass has issued a default notice to Bira 91's parent company. The glass manufacturer seeks recovery of over eleven cro...
- Bankers question role of RP in the Subhash Chandra case and how net worth was computedDissenting banks say unresolved pleas for a forensic audit and asset trailing to be conducted on Subhash Chandra's financials to probe how ...
- Insolvency professionals need to be wary of IBC abuse indicators: IBBIInsolvency professionals are now required to watch for at least nine "indicators" to prevent abuse of the Insolvency and Bankruptcy Code (I...
- Realtors line up to buy bankrupt developers as land prices riseSmall and mid-sized developers are increasingly using insolvency proceedings to acquire distressed real estate companies as land prices soa...
- Parliamentary panel backs govt steps to strengthen IBC recovery, seeks deeper action on fund diversionA parliamentary panel has backed govt efforts to improve insolvency recovery, seeking urgent action to prevent fund diversion during insolv...
- Insolvency Board to pull up firms acting as resolution professionals to banksUnder law, professional entities can’t enrol themselves as an insolvency professional or become a member of another agency registered with ...
- Government proposes strict norms for registered valuersA registered valuer is required to carry out valuation of assets, net worth of a firm or its liabilities as required under the Companies Ac...
- Insolvency and Bankruptcy Board notifies regulationsMoving ahead with implementation of the Code, two sets of regulations have been notified by the Insolvency and Bankruptcy Board of India (I...
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