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IBC REGULATIONS REVIEW
Bhushan Steel and Power's ex-promoters seek open court hearing on liquidation review plea; CJI to constitute a benchThe former promoters of Bhushan Steel and Power Limited have appealed to the Supreme Court. They want their review petition against the com...
CCI nod only after CoC: Govt working on amendments to insolvency lawThe government is planning to amend the Insolvency and Bankruptcy Code (IBC) to streamline the resolution process. A key change involves Se...
IBC rules under review after scrapping of JSW Steel's BPSL acquisitionIndia is examining its insolvency rules after a Supreme Court ruling. The review focuses on adherence to processes and timelines by stakeho...
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....
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...
IBC review proposed to speed up resolutionsThe Parliamentary Standing Committee on Finance calls for a review of the Insolvency and Bankruptcy Code (IBC) to address implementation ch...
Insolvency watchdog seeks public comments to further simplify regulationsThe latest move is also part of the broader efforts by authorities to expedite the insolvency resolution process and prevent erosion of str...
Recovery through IBC to get better as macros look up: RBIRBI argued that since significant value destruction may have already happened in stressed assets, a comparison of realised value with admit...
Finally giving ARCs financial muscleThe revised rules require ARCs to have a minimum net- owned fund of Rs 1,000 crore to qualify as an RA. They should also make additional di...
Sebi tells trustees to follow its norms in votes on resolutionSebi rules say that all bondholders have to vote for a resolution to pass. That is contrary to the IBC rules, which allow voting to be done...
IL&FS moves SC against show-cause notice by SebiThe case has been admitted by the apex court and a two-member bench comprising Justices Vineet Saran and Dinesh Maheshwari will be hearing ...
RBI names six member committee to review ARC normsThe committee will review legal and regulatory framework of ARCs and recommend measures to improve their efficacy and also their role in re...
A special panel of FSDC considers changes in AIF regulationsThe Financial Stability and Development Council held a meeting on Wednesday as members discussed a wide range of matters that could pose th...
Faster CCI approvals for the IBC cases will help quick revival process for stressed firms: Vaibhav Choukse, JSAThe antimonopoly regulator CCI has so far expeditiously reviewed and clear 15 insolvency-related transactions and the draft amendment bill ...
IBC tweak challenges flaggedMany lenders, particularly state-owned banks, are not in a hurry to initiate IBC proceedings.
Homebuyers seek PM's help on right to take errant realtors to NCLTLast year, the government amended the Insolvency & Bankruptcy Code to treat homebuyers as financial creditors and allowing them to initiate...
IBC panel seeks to draw more bidders, cut lossesThe committee also proposed changes to Section 29A dealing with ineligibility to ensure that persons remotely related to the insolvent enti...