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INDIAN INSOLVENCY FRAMEWORK
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...
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...
NCLAT reserves order in Jaypee insolvency case; Vedanta alleges flawed evaluation, Adani defends bidding processThe National Company Law Appellate Tribunal has reserved its judgment in the Jaypee insolvency case. Vedanta Group argued the resolution pr...
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...
India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
The rupee’s swing: When currency becomes the deal maker or breakerRupee volatility has become central to India’s distressed deals, driving stress for firms with dollar debt despite stable operations. Eleva...
Defaulting company promoters to be given new lease of life? All eyes on a big new IBC proposalIBC: India's insolvency regulations could soon see a significant shift. The proposed changes could allow company promoters facing defaults ...
Adani Enterprises gets NCLT nod for JAL takeoverThe National Company Law Tribunal has officially sanctioned Adani Enterprises' acquisition of Jaiprakash Associates, marking a historic mom...
House panel calls for strict case disposal timeline by NCLATA parliamentary panel has urged the government to set strict deadlines for resolving bankruptcy cases. It also called for designing framewo...
On hold: Plan to bring in cross-border, individual insolvency frameworksThe government has delayed plans to introduce cross-border insolvency and an out-of-court individual delinquency mechanism. These provision...
Need framework to study impact of insolvency law: Corporate Affairs Secretary Rajesh VermaEmphasising that the government and regulator IBBI have been constantly making course corrections to address any gaps in the Insolvency and...
Economic Survey underlines need for standardised framework for cross border insolvencyIt mentioned about the report of the Insolvency Law Committee, which had recommended the adoption of the United Nations Commission on Inter...
IBC to get welcome cross-border teethRightly, India wants to adopt the UNCITRAL Model Law of Cross Border Insolvency, 1997, aligning with global practice.
Cross-border insolvency cases: Government will soon put out for consultation the draft legal frameworkBased on the feedback, the government will try and move a Bill to amend the Insolvency and Bankruptcy Code (IBC) in the upcoming winter ses...
Pre-packaged insolvency plan for MSMEs to save jobs: MCA SecyThe new framework applies to defaults occurring during the pandemic and is based on the ‘debtor-in-possession’ model with the involvement o...
'Changes to bankruptcy code ready, to be sent to cabinet’The changes include cross-border insolvency framework and harsher punishments for irregularities.
Government-appointed panel suggests UN model law for cross-border insolvency casesThe Insolvency Law Committee (ILC), chaired by Corporate Affairs Secretary Injeti Srinivas, on Monday submitted its report on the matter to...
Government looking at adopting UN model for cross-border insolvency normsThe Insolvency Law Committee (ILC), headed by Corporate Affairs Secretary Injeti Srinivas, is studying the feasibility of introducing cross...