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IBC NORMS
Family Trusts need a rethink: DPDP, PMLA rules collide with informal promoter structuresIndia's family businesses face a complex succession era due to evolving regulations and generational differences. Law firms like Veritas Le...- IBBI issues new guidelines to speed up appointment of insolvency professionalsThe Insolvency and Bankruptcy Board of India has released new rules for insolvency professionals. These guidelines aim to speed up appointm...
- Union Cabinet approves key changes to IBC and Companies Act 2013The Union Cabinet has approved amendments to the Insolvency and Bankruptcy Code (IBC) and the Companies Act, 2013, according to sources. Th...
- ARCs seek bigger role in RBI's new securitisation frameworkThe RBI's draft allows pooling and securitising stressed retail and corporate loans, barring categories like farm loans, education loans, f...
- Key amendments to IBC, companies law likely in winter sessionMCA will amend IBC and Companies Act, 2013 to expedite resolutions, reduce compliance burdens, and broaden CSR norms in the winter session....
- Cross-border insolvency: MCA proposes exclusion of financial service providers; exempts pre-pack process for MSMEsThe ministry specified that such exclusion is in line with the IBC, where financial service providers are subject to a special insolvency p...
- Bad loans of banks may cross Rs 10 lakh crore by end of this fiscal, says studyAccording to the study, this time, smaller accounts, especially the MSME and retail segments, are expected to be more vulnerable than large...
- New Sebi norms to give more fund-raising flexibility to stressed firmsClear criteria for a company to qualify as a 'stressed company' have been laid down.
- RBI may soften restructuring norms after govt's IBC relaxationBankers said the blanket ban on new IBC entries leaves restructuring of loans as the only plausible route to cure default but stringent RBI...
- Govt decides to suspend up to 1 year IBC provisions that trigger fresh insolvency proceedings: ReportSection 7, 9 and 10 of the IBC would be suspended for six months and the suspension time can be extended up to one year. An enabling provis...
- Changes in IBBI norms to prevent backdoor entry of ex-promoters in cos under liquidation: ExpertsNow, those who were ineligible are barred from being part of any arrangement at the stage of liquidation.
- New IBC rules to cover financial service providersThe corporate affairs ministry has notified the Insolvency and Bankruptcy Rules, 2019. It will provide a generic framework for insolvency a...
- RBI's norms to give more headroom to lenders to resolve big ticket NPAs: ReportRBI's new norms provides some leeway to lenders and encourages them to refer cases to IBC.
- Government, legal experts welcome new NPA resolution frameworkLegal experts said the new framework retains the core of the February 12, 2018, circular intact and provides a more implementable mechanism...
- Government move to clear IBC amendments to expedite NPA cases: FicciEnabling MSME promoters to bid for their companies under the IBC resolution process will help in speedy resolution in a large number of cas...
- Insolvency and Bankruptcy Code changes likely to be prospectiveThis will mean that ongoing cases in which the eligibility of bidders to participate in resolution plans has come up may not benefit from t...
- Banks to negotiate only with top bidder in insolvency casesLenders will now follow the guidelines prescribed by the Central Vigilance Commission for such deals since IBC has no rules in place for th...
- RBI sends 2nd list of large NPAs for resolution, advocates IBCRecent reports have been saying the RBI has given banks a new list of 40 accounts, over and above the 12 large accounts marked for resoluti...
- SBI urges government to ease provisioningThe bank has also demanded that if any other creditor takes the NCLT route, no additional provisioning should be mandated on that particula...
- RBI identifies big bad loans which can be recast likely to revise existing debt restructuring normsRBI has indicated that it would revise the existing debt restructuring norms.
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