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MSMES INSOLVENCY BENEFITS
NeSL enabling real-time access to digital debt & claims data in insolvency casesNeSL is providing instant access to digital default records for insolvency cases. This helps authorities quickly verify debt and claims. Am...- IBBI allows easier possession, registration of flats during bankruptcy resolutionThe Insolvency and Bankruptcy Board of India allows homebuyers possession or registration of properties during resolution, provided they me...
- Budget 2025: Relief for a larger segment of Indian promoters under the insolvency codeThe Indian government's reclassification of MSMEs brings more companies under Pre-packaged Insolvency Resolution Process (Prepacks). This a...
- IBBI proposes amendments to insolvency rules; seeks public commentsIBBI proposes amendments to enhance efficiency and reduce costs in the Insolvency Resolution Process for Corporates, seeking stakeholder in...
- MCA seeks inputs from shareholders to revamp IBC rulesIn a notice, the ministry also said it’s seeking to tweak the rules on the application to the adjudicating authority, the annual statement ...
- Pre-packaged insolvency process can be potential game changer for resolving stressed assets: Shaktikanta DasThe Insolvency and Bankruptcy Board of India (IBBI) is a key institution in implementing the IBC.
- A Latvian lesson: How India can ensure MSMEs get loans more easilyThe small Baltic nation and others in the “Rapid Reformers” group have been able to improve their loan rejection rates to small businesses....
- Insolvency law cannot lose sheen: Nirmala SitharamanFinance minister Nirmala Sitharaman on Saturday said the insolvency law cannot lose its "sheen" and asked the insolvency regulator and reso...
- IBC bill in Lok Sabha; Pre-packaged insolvency solution on offerPre-packaged process allows creditors and shareholders to come together to identify a prospective buyer and negotiate a resolution plan bef...
- Budget 2021-2022: Bad Bank for large corporates and a new framework for MSMEsA special framework for MSME has been on cards for some time. According to the Economic Survey there are 6 crore MSMEs employing 11 crore p...
- Insolvency and bankruptcy code (IBC) suspension extended till March 31The government had suspended fresh proceedings under IBC for loan defaults on or after March 25, for six months, as part of measures to pro...
- COVID-19 impact: RBI may opt for loan recast for select sectorsIn 2008 also, when the world was hit by the global financial crisis following Lehman Brothers going insolvent, the RBI had announced a one-...
- Government’s Covid-19 insolvency relief may be a double-edged swordThe directives of the Central Government to tide over these trying times are laudable. However, many of these changes are myopic and will c...
- Banks let 124 companies slip into liquidation despite resolution plans“The code envisages maximisation of value and not price,” wrote Dr M.S.Sahoo, chairman, IBBI, in the latest newsletter released by the bank...
- Government to exempt coronavirus-related debt of companies from insolvency law ambitProcedural violations under the Companies Act, such as shortcomings in corporate social responsibility reporting, inadequacies in board rep...
- FM provides Covid-19 relief, no fresh insolvency proceeding against MSMEs for 1 yearNow, insolvency proceedings will not be initiated up to 1 year. Earlier, the MCA had extended it to six months.
- Another shot for MSMEs to reclaim bankrupt companiesPromoters can be considered for resolution of their own cos as they are exempt from section 29(A) of IBC.
- Due to anomalies in IBC, corporate NPAs can lead to bankruptcy in MSMEs: FISME"The critical reforms that MSMEs need are in areas such as banking sector and labour markets," said Anil Bhardwaj, Secretary General, FISME.
- Relief for MSMEs under IBC, promoter can bid for his enterpriseThe President’s assent to the IBC Amendment Ordinance 2018 has brought in key changes for home buyers and MSMEs.
- Micro, small and medium enterprises too deserve exit optionWe need a personal insolvency code that would cover unregistered micro, small and medium enterprises.
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