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YOGENDRA ALDAK
Faster insolvency process proposed with creditor-led resolution frameworkA new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt...- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- With mounting pendency, infra woes, NCLT struggles as insolvency cases surge beyond capacityThe Insolvency and Bankruptcy Code (IBC) framework faced significant timeline and capacity stress in 2025, with resolution processes exceed...
- House panel calls for strict case disposal timeline by NCLATA parliamentary panel has urged the government to set strict deadlines for resolving bankruptcy cases. It also called for designing framewo...
- IBBI moots resolution gains for all affected homebuyersThe insolvency watchdog has proposed extending resolution benefits to all homebuyers of bankrupt real estate developers, regardless of clai...
- New IBBI circular clears path for restoration of assets attached by EDInsolvency professionals can now seek restitution of assets attached by the Directorate of Enforcement (ED) for stressed companies. A new c...
- CCI nod only after CoC: Govt working on amendments to insolvency lawThe government is planning to amend the Insolvency and Bankruptcy Code (IBC) to streamline the resolution process. A key change involves Se...
- IBC rules under review after scrapping of JSW Steel's BPSL acquisitionIndia is examining its insolvency rules after a Supreme Court ruling. The review focuses on adherence to processes and timelines by stakeho...
- IBBI moots two-stage approval process to speed up rescue of bankrupt firmsThe Insolvency and Bankruptcy Board of India has suggested regulatory amendments like a two-stage approval for rescue plans, early takeover...
- New registration of insolvency professionals on downhill trekRegistrations of new insolvency professionals have been steadily decreasing since 2017-18, causing challenges for authorities in resolving ...
- Go First bankers hire Burford Capital for litigation against Pratt & WhitneyLenders to the bankrupt airline Go First have enlisted Burford Capital, a US-based litigation finance firm, to support their arbitration ca...
- Meet India's Insolvency professionals: Male, chartered accountants and not so youngThe typical Indian insolvency professional (IP) is a middle-aged male chartered accountant. Only 10% of the 4,352 registered IPs are women,...
- Panel on insolvency proposes mediation at pre-default stageAn expert committee, led by TK Viswanathan, has recommended mediation between lenders and borrowers at the pre-default stage for faster out...
- Insolvency resolution proceedings: Missed timelines, manpower crunch pose challengesStressed asset resolutions under the Insolvency and Bankruptcy Code faced delays due to staff shortages at the National Company Law Tribuna...
- Quickest way to get defaulters to pay up? The threat of insolvencyIn absolute terms, the default amount involved in the withdrawn cases was almost three times the Rs 3.16 lakh crore realised through the re...
- NCLT rejects CIRP plea against Dilip Buildcon"The NCLT only adjudicates based on admitted dues and cannot be made to conduct the proceedings by way of a detailed trial to ascertain the...
- Bombay Rayon Fashions' lenders reject all resolution proposalsAll resolution plans received for the assets of Bombay Rayon Fashions have been rejected by lenders. The textile manufacturer has liabiliti...
- Govt weighs flats' registration even if developer insolventThe Indian government is considering amending insolvency code to allow the registration of flats in completed projects, even if the develop...
- Partial sale of companies won't be default under Insolvency and Bankruptcy CodeThe Indian government may permit the partial sale of a stressed company only if it fails to attract a buyer for the entire entity under the...
- SC takes dim view of arrest of Makemytrip.com finance head over alleged tax arrearsThe central government then went in appeal to the top court against the High Court decision which it said had curtailed the powers of the t...
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