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CIRP CASES ONGOING
Insolvency recoveries nearly halve in FY26 due to rising delays: ReportRecoveries under India's Insolvency and Bankruptcy Code (IBC) saw a sharp decline in FY 2025-26. Admitted claims yielded only 23 percent, a...- NCLAT sets aside NCLT insolvency order against Embassy DevelopmentsEmbassy Developments has won a significant legal battle. The National Company Law Appellate Tribunal has cancelled an earlier order that pl...
- NCLAT upholds project-specific insolvency action for realty firmsHomebuyers' insolvency cases against real estate firms will now be limited to the specific project facing default. The National Company Law...
- NCLAT reaffirms project-specific insolvency proceedings against realty firmsThe National Company Law Appellate Tribunal has ruled that homebuyers' insolvency cases against real estate firms must focus only on the pr...
- With mounting pendency, infra woes, NCLT struggles as insolvency cases surge beyond capacityThe Insolvency and Bankruptcy Code (IBC) framework faced significant timeline and capacity stress in 2025, with resolution processes exceed...
- Proposed IBC amendments positive but miss real estate sector reforms: ICRANew amendments to the Insolvency and Bankruptcy Code aim to speed up company resolutions and boost recovery. However, these changes overloo...
- Creditors recover Rs 3.55 lakh crore till Sept under insolvency lawCreditors have recovered approximately Rs 3.55 lakh crore by resolving 1,068 insolvency cases under the IBC, 2016, as of September 2024. Ho...
- IBC: Icra says lenders took 72 pc haircut in Q2; breach of timelines resulting in more liquidationsIndian banks are facing significant losses in corporate insolvency cases, with haircuts exceeding 70% due to delays in resolution processes...
- Creditors' haircuts in bankruptcy cases jump to 73 pc in FY24, resolutions taking longer: ReportCreditors' haircuts in bankruptcy resolutions rose to 73% in FY24 from 64% in FY23. 269 resolution plans were approved by NCLTs, with a dec...
- One step forward, two steps backwards? Lenders fret on new SC ruling on IBCBanks are concerned about a recent Supreme Court ruling regarding India's Insolvency and Bankruptcy Code (IBC), which places tax department...
- Resolution time under India's bankruptcy code rises to 3-year high: India Ratings saysThe average time for resolution under the Insolvency & Bankruptcy Code (IBC) in India has reached a three-year high, according to India Rat...
- Creditors face haircut of 70% in insolvency casesThe cumulative recovery rate has been on a downtrend, decreasing from 43 per cent in Q1FY20 and 32.9 per cent in Q4FY22 as larger resolutio...
- Creditors realise Rs 2.43 lakh crore through insolvency resolution process till Sep 2022The creditors have realised 177.55 per cent of the liquidation value and 84 per cent of the fair value (based on 456 cases where fair value...
- Total 1,999 insolvency cases were going on as of June 2022: GovtIn a written reply to the Lok Sabha on Monday, Minister of State for Corporate Affairs Rao Inderjit Singh said the time taken for Corporate...
- IBBI amends regulations; seeks to enhance discipline, transparency in insolvency processThe Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process...
- Fresh corporate insolvency cases fell by 83 percent during October-December in FY21Fresh insolvency cases for the third quarter of FY21 stood at 104 compared to 628 for the same period of the earlier fiscal, as the now-exp...
- IBC mechanism needs structural changes to expedite faster resolution of companiesThe structural reforms needed are an increase in the number of benches, outsourcing of administration function to a specialized agency, cla...
- Realisation for financial creditors from resolution of stressed units may be lower by 40 per cent in FY21: ICRAThe resolution of corporate insolvency resolution proceedings (CIRPs) would be impacted during 2020-21 due to a decline in the number of CI...
- Only 15% of the cases resolved under bankruptcy laws: ReportOf the 2,542 cases admitted under IBC till date, 1,497 CIRPs or 59% of cases are still in court.
- Sebi plans amending norms for cos undergoing insolvency proceedingsThe proposal comes at a time when there are increasing number of cases coming up under the IBC.
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