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STAKEHOLDER ENGAGEMENT IN INSOLVENCY
MCA plans unified digital platform for insolvency ecosystem, seeks stakeholders’ inputsThe Ministry of Corporate Affairs has proposed creating a unified digital platform for India's insolvency ecosystem to speed up the resolut...- Corporate affairs secy exhorts insolvency professionals to fast-track resolutionCorporate affairs secretary Deepti Gaur Mukerjee urged insolvency professionals to "push boundaries of corporate turnaround" to rescue dist...
- From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
- Court-monitored resolution process needed for 'Supernova' project: Amicus to SCThe Supreme Court is considering a resolution for Supertech's Supernova project. This project faces insolvency proceedings. The court is lo...
- Madhvani Group begins takeover of Hindustan National Glass after NCLT clears ₹2,250 crore planThe Madhvani Group, through INSCO, is set to acquire Hindustan National Glass & Industries Limited after NCLT approval of its ₹2,250 crore ...
- Bankruptcy Court approves listed-firm parental drugs India’s acquisition by IHL LifescienceThe Mumbai bankruptcy court has approved IHL Lifesciences' acquisition of Parental Drugs India Ltd. The resolution plan received 100% appro...
- IBC under scrutiny: RBI's Rao urges better oversight for creditors’ committeesRBI Deputy Governor M Rajeshwar Rao advocated for a mandatory code of conduct for the Committee of Creditors (CoC) in insolvency resolution...
- NCLT clears J Kumar infra's bid to buy Pranav ConstructionJ Kumar Infraprojects' bid to acquire Pranav Construction Systems Pvt Ltd. in bankruptcy court approved. J Kumar Infraprojects to pay ₹45 c...
- Building a Better Boardroom: The role of IBC in advancing corporate governance in IndiaIn recent years, the Insolvency and Bankruptcy Code, 2016 (IBC) has emerged as a vital instrument in advancing corporate governance practic...
- Eye on more speed & efficiency, govt readies major strength upgrade for NCLTThe primary objective is not only to expedite resolution of insolvency cases, which has significantly slowed down recently, but also to ens...
- NCLT approves Rs 1,814 cr resolution plan for Lavasa; Darwin Platform winning bidderDarwin Platform Infrastructure Ltd (DPIL) has emerged as the winning bidder for Lavasa Corporation Ltd, which is primarily into the busines...
- Bankers expect minimal losses from Go First insolvencyWhile promoter Wadia group has refused to infuse any more equity, banking sources said that the airline has sufficient collateral against i...
- IBBI tightens scrutiny: Resolution professionals told to disclose related partiesThe insolvency regulator has asked all the RPs to disclose their financial relationship with various stakeholders such as the corporate deb...
- Deep haircuts: Comparing realisations with outstanding loans not reasonable to assess IBC effectiveness, says RBI DGFinancial creditors have been able to realise 166 per cent in comparison to the liquidation value of the debtors, indicating that creditors...
- IBBI will strive for 'malleable regulatory framework' within confines of insolvency law: MS SahooThe Insolvency and Bankruptcy Board of India (IBBI) has adapted itself to the new environment in the wake of the coronavirus pandemic and w...
- Proposed insolvency law amendments credit positive for banks: Moody'sThe proposed amendments aim to improve the code's effectiveness, said Moody's.
- Insolvency law: Government to review sale ban on guarantors’ personal assetsThe law committee has identified issues that may impact the efficiency of corporate insolvency resolution and will submit its recommendatio...
- Lack of awareness of insolvency code hindrance to resolution: Ashish ChhawchhariaThe only feasible way to do it is make the people in the organisation work for you. Sometimes, you use the stick, sometimes carrot and some...
- Banks aware of Bankruptcy code, some initiated corporate insolvency resolution: Madhusudan SahooThe Bankruptcy Code has three elements —institutional infrastructure, transactions relating to corporate insolvency, transactions relating ...
- 'Many SMEs may turn insolvent'Sumant Batra, a leading bankruptcy expert and vice-president of INSOL International believes that the SMEs would bear the brunt of the curr...
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