In a notice, the ministry also said it’s seeking to tweak the rules on the application to the adjudicating authority, the annual statement ...

As part of amendments to the IBC, the corporate affairs ministry will likely include the provision to extend the pre-packaged insolvency fr...

Sudal Industries, an aluminium products manufacturer, has become the first Indian company to get a debt resolution from banks under the ins...

The government is preparing to come out with a cross-border insolvency resolution framework based on the UNCITRAL model law and is proposed...

As per the laws, MSMEs should not have a turnover of more than Rs 250 crore excluding exports, and the investment in plant and machinery sh...

The notification was issued after the IBC amendment bill approved by the Parliament received presidential assent.

Regulation should be light-touch, however, and pre-packs should cover larger companies.

The prepack regulations define the eligibility and terms of appointment of resolution professionals, the norms for meetings between credito...

The new framework applies to defaults occurring during the pandemic and is based on the ‘debtor-in-possession’ model with the involvement o...

A pre-packaged resolution essentially translates to a company preparing a restructuring plan with its creditors before initiating insolvenc...

Jurisprudence of any legislation takes time to evolve and IBC was no exception.

The draft regulations seek to hasten the resolution process with the bulk of the discussions between debtors and creditors taking place out...

In place for more than four years, the Insolvency and Bankruptcy Code (IBC) is helping in resolution of stressed assets in a market-linked ...

The move was aimed at quickening the pace of insolvency resolution while reducing the burden on the NCLT since prepacks will be decided out...

Amid the coronavirus pandemic that has also significantly impacted economic activities, the government has already suspended certain provis...

While restructuring outside the Code is a possible option, it would not offer certain benefits available under the Code, such as the morato...

As part of efforts to fast-track processing of cases, the government has been mulling introduction of the provision for pre-packaged (pre-p...