Special insolvency resolution framework for MSMEs at advanced stage: IBBI chiefAmid the coronavirus pandemic that has also significantly impacted economic activities, the government has already suspended certain provis...
IBC provides lifeline for distressed companies: SahooThe insolvency law provides a new lifeline for stressed companies to save them from premature death, IBBI Chairman M S Sahoo said on Friday.
Work is on to amend IBC to address cross-border insolvency: M S Sahoo"There is proposal to amend the IBC to provide for such cases like cross border insolvency," the IBBI chief said.
Challenges have made insolvency law stronger, says IBBI chiefThe Insolvency and Bankruptcy Board of India chief M S Sahoo said that prompt corrective actions have been taken for the insolvency law (IB...
Creditors can expect 100 per cent recoveries under IBCThere are few cases of active businesses where creditors have recovered 100 per cent due to them, said Sahoo.
Resolution plans under IBC have yielded 200% of liquidation value: IBBI chiefHe noted that the repayment of debt is no longer an option, it is an obligation as tolerance for default has disappeared.
305 EVMs, 525 VVPATs changed in TN after mock polls ahead of votingTamil Nadu recorded 30.62 per cent voting by 11 a.m
Operational creditors benefit equally from IBC: IBBIIn December, the NCLT had observed that operational creditors should have voting rights to have a bigger say in any resolution process.
Individual Insolvency Code may soon be a realityThree sets of entities will fall under the individual insolvency code, M S Sahoo, chairman of the Insolvency and Bankruptcy Board of India ...
Focus should be resolution, not liquidation: MS SahooHe said that the soul of the Code was to keep the firm alive by balancing the interest of all stakeholders for which a successful resolutio...
IBC not being used to full extent; CoCs need to do more: M S SahooThe head of the regulatory oversight board for the nascent Insolvency and Bankruptcy Code, 2016 (IBC), rued that we are not making best use...
Don't look for ready-made solutions: IBBI chief to insolvency professionalsIBBI Chairperson M S Sahoo's remarks come against the backdrop of concerns about the conduct and independence of insolvency professionals i...
Individual insolvency norms a priority, says IBBI ChairmanIn one year of existence, the Insolvency and Bankruptcy Board of India has already put in place the infrastructure ecosystem and now has ov...
IBC segregates judicial, commercial aspects of insolvencyThe Code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process.
Bankruptcy Code to improve ease of doing biz: IBBI chief M S Sahoo"This will improve the ease of doing business, promote entrepreneurship, develop debt market and consequently, develop the economy," Sahoo ...
Remove limits on overseas borrowings by corporates, recommends Sahoo committee: ReportThe committee headed by M S Sahoo, a former member of the Indian market regulator, was given the task to review the rules on external comme...
PM Modi's US visit: India pitches for US companies to list on its exchangesBharat Depository Receipts is a rupee dominated instrument that would be issued by domestic depository against listed equities a foreign co...