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IBC PANEL
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...- IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...
- Personal guarantors to bankrupt firms will need to declare crypto holding, art collections in IBC proceedingsNew draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...
- New creditor-led IBC framework to put in place safeguards for stressed firm's managementNew creditor-led insolvency rules will impose strict financial transaction limits on stressed companies, requiring committee of creditors' ...
- Parliamentary panel moots advance ruling mechanism in IBC framework to tackle litigationsThe panel, in its report, has also recommended setting up a transparent, online mechanism for issuing 'no dues' certificates and statutory ...
- Baijayant Panda to head select House committee on IBC changesSenior BJP leader Baijayant Panda has been appointed to chair a 24-member Parliamentary committee vetting proposed amendments to the insolv...
- Panel on insolvency proposes mediation at pre-default stageAn expert committee, led by TK Viswanathan, has recommended mediation between lenders and borrowers at the pre-default stage for faster out...
- Panel bats for phased adoption of mediation in insolvency casesAn expert committee appointed by the insolvency regulator has recommended the phased introduction of voluntary mediation as a dispute resol...
- RBI governor appears before Parliamentary panel; assures steps to strengthen banking systemSources present at the meeting of the Parliamentary Standing Committee on Finance said the RBI Governor expressed confidence of tiding over...
- 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...
- ET View: Amend IBC to bring it in sync with RERAFor this, the government must amend the IBC to recognise the legitimate claim of home buyers. After all, they use their lifetime savings to...
- Par panel discusses NPA issue with RBI Guv, bankersSeveral bankers apprised the Committee on Subordinate Legislation of Rajya Sabha about different aspects of NPA and the efforts being made ...
- IBC panel recommends changes to revamp insolvency resolution processThe panel has recommended changes to the insolvency resolution framework to make it flexible for Resolution Professionals to raise interim ...
- IBC panel bats for flexibility and accountability for stakeholdersThe panel has recommended a reduction in the voting threshold from the existing 75% to 66% for critical actions like approval of the resolu...
- Insolvency law panel likely to finalise report this monthA rising number of cases involving stressed assets are being taken up for resolution under the Insolvency and Bankruptcy Code (IBC), which ...
- 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...
- Give interest to lenders to companies under IBC: PanelAt present, most lenders are reluctant to fund companies facing bankruptcy proceedings.
- IBC panel for allowing lenders to invoke personal guaranteesIf accepted, this will be a significant move in the light of a recent decision by the NCLAT that SBI cannot invoke personal guarantees and ...
- Insolvency Board to consider cross-border normsCross-border insolvency is on top of the agenda. The authorities are keen to make that happen as there is no provision under the IBC for it...
- Resolve 55 accounts in six months under bankruptcy code: RBI to banksRBI has asked banks to find solution for 55 identified NPA accounts within 6 months otherwise it would examine those cases and refer for re...
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