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Proposed IBC amendment on guarantees to aid NPA recovery: India RatingsThe amendments state that a resolution plan does not automatically release guarantors from their liabilities, aligning with the Supreme Cou...- Government plans to introduce bills to amend companies, insolvency laws in Parliament's monsoon sessionThe IBC, which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets. It has already undergone...
- MCA proposes IBC tweaks to put resolution on fast trackA discussion paper floated by the Ministry of Corporate Affairs proposes to introduce Fast Track Corporate Insolvency (FIRP) through which ...
- 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...
- Make pre-packaged resolution not scaryThe pre-packaged insolvency resolution process (PIRP), a debtor-initiated reorganisation plan in advance with creditors on board, has repor...
- Bankers uncomfortable taking haircuts in Pre-packaged Insolvency Resolution ProcessIt was notified more than a year ago but so far only two insolvency cases have been initiated under this regime, available exclusively to m...
- Insolvency Board proposes amends in liquidation process, increases transparencyThe proposed amendments include capping revisions on bids to two times, banning unsolicited bids and empowering the Committee of Creditors ...
- Government sets minimum default threshold at Rs 10 lakh for MSME prepack insolvency resolutionThis distancing of the resolution professional will also work as a countermeasure to the debtor-in-control model that works in such pre-pac...
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