IBC 10-year anniversary scorecard: Over Rs 4 lakh crore realised, big implications for credit markets, economic efficiencyThe Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies...
IBC: Creditors realised Rs 4 lakh cr; cases involving Rs 14 lakh cr settled in pre-admission stageIndia's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisations from resolved cases. Additionall...
SBI seeks Supreme Court review of spectrum ruling in Aircel case, warns of banking and IBC risksSBI has moved the Supreme Court seeking review of its February 13 ruling that barred telecom spectrum from being treated as an asset under ...
SBI moves Supreme Court seeking review of spectrum ruling, flags impact on telecom insolvenciesThe State Bank of India is asking the Supreme Court to reconsider a recent ruling. The judgment prevents telecom spectrum from being treate...
Govt plans to rationalise filing framework under companies lawThe Corporate Affairs Ministry is embarking on an initiative to streamline company law filings, merging various forms into a more user-frie...
IBC study calls for auction reform to boost MSME insolvency resolutionA new study suggests changes to how bankrupt micro, small, and medium enterprises are rescued. It proposes a single objective auction model...
FinMin advises banks to speed up IBC resolutionsBanks are urged by the finance ministry to work together on insolvency cases. This aims to get more money back and resolve issues faster. A...
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...
SBI seeks review of SC ruling denying secured creditors priority over attached assetsThe State Bank of India has filed a review petition against the Supreme Court’s May 15 ruling, which held that secured creditors cannot cla...
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....
View: Quit tinkering with IBCThe Supreme Court's decision to grant the NCLT the power to recall approval orders may lead to more litigation in insolvency cases. However...
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...
In setback for lenders, Supreme Court dismisses pleas over govt dues under IBCIn a setback for creditors, including State Bank of India and Indian Overseas Bank, the Supreme Court dismissed their petitions seeking a r...
SC rejects pleas seeking review of its judgment considering tax authorities as secured creditorsIndia's top court has rejected pleas which sought a review of its earlier judgment in which it said that statutory creditors like tax autho...
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...
IBC review likely to keep promoters outThe government will examine the Insolvency and Bankruptcy Code (IBC) to stop defaulting promoters from wresting back control of companies b...
IBC tweak challenges flaggedMany lenders, particularly state-owned banks, are not in a hurry to initiate IBC proceedings.