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IBC NEWS
From shortage story to cash-flow story: A sector ready for sustained re-rating? 5 power stocks with upside potential of up to 33%In the power sector, the next cycle will not reward whoever has the most installed megawatts. It will reward whoever can sign the right con...- Govt to introduce Insolvency and Bankruptcy Code amendment Bill in 2nd half of Budget session starting March 9: SitharamanThe Central government plans to introduce the Insolvency and Bankruptcy Code amendment Bill soon. This move aims to improve the insolvency ...
- Byju’s to vacate several offices in cost-cutting drive, may give up HQ partiallyEdtech firm Byju's is undergoing cost-cutting and restructuring efforts, downsizing smaller assets and consolidating its focus on the top f...
- Byju’s vacates offices to cut costs, may give up Bengaluru HQ partiallyByju's is undergoing cost-cutting and restructuring by downsizing assets like offices and tuition centers. It aims to focus on top cities, ...
- IBC recoveries declining, resolution timelines getting prolonged: CrisilThe introduction of India's bankruptcy law has positively influenced the credit culture, but Crisil Ratings reveals a decline in recoveries...
- SC holds IBC cannot be held to be operating in retroactive mannerIn a setback to promoter industrialists, the Supreme Court holds the statute (IBC) does not suffer from any manifest arbitrariness to viola...
- NCLAT says IBC not a recovery mechanism; dismisses insolvency plea against United TelecomsThe National Company Law Appellate Tribunal has dismissed a plea against United Telecoms Ltd, stating that the Insolvency & Bankruptcy Code...
- International Battery Company plans $1b India Li-ion unitThe privately owned company, which is making some initial batches of its prismatic or rectangular cells in South Korea, will acquire 100 ac...
- Deep haircuts: Comparing realisations with outstanding loans not reasonable to assess IBC effectiveness, says RBI DGFinancial creditors have been able to realise 166 per cent in comparison to the liquidation value of the debtors, indicating that creditors...
- Oyo subsidiary gets NCLAT reprieve in bankruptcy caseNCLAT has ordered a stay on the formation of the committee of creditors in the bankruptcy proceedings Oyo Hotels & Homes Pvt. Ltd., the sub...
- IBC tweak challenges flaggedMany lenders, particularly state-owned banks, are not in a hurry to initiate IBC proceedings.
- Home buyers welcome SC ruling, say move to help claim duesThere are around 1.74 lakh stalled housing units across the top seven cities and their buyers can now stake claims to their dues by initiat...
- Fewer cases admitted for insolvency action in Q1There are four companies — Tehri Iron & Steel Castings, JD Aneja Edibles, Shivam Fragrances and Dadi Impex — where financial creditors will...
- View: Will the near future challenge the Modi hypothesis on growth?Here's what might happen if economic numbers take a noticeable turn for the worse but BJP continues unabated.
- The time of India has come and nobody can stop it: Sajjan Jindal, JSW GroupIn the last five years, we have not seen any real big bad news, says chairman of JSW Group.
- Need to rethink over PSBs ownership if to ward frauds off in future: CEA Arvind SubramanianSubramanian said that going forward, India needs to have radical agenda for reform of banking if we want such frauds not to happen in futur...
- 12 defaulters identified by RBI to be named soon: Finance MinistryThe Finance Ministry said that NCLT was being strengthened to fast track bankruptcy proceedings under the Insolvency and Bankruptcy Code (I...
- Bhushan Steel, Videocon, Lanco tank up to 10% on RBI's bankruptcy identificationThe top 25 accounts were identified by an RBI-constituted panel comprising independent board members.
- Anchor had to read out breaking news of husband’s death on live TVIn a very unfortunate incident, a TV anchor of a regional news channel of Chattisgarh had to read out a breaking-news of her husband’s deat...
- Bankruptcy Code: Huge pile-up is the real challengeThe country’s debt recovery rates trail even the South Asia average (36.2 cents) and, obviously, the OECD average, says the World Bank.
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