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BANKRUPTCY PANEL
IBBI issues new guidelines to speed up appointment of insolvency professionalsThe Insolvency and Bankruptcy Board of India has released new rules for insolvency professionals. These guidelines aim to speed up appointm...
IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...
Mallikarjun Kharge faces police, EC complaints from BJP over Assam speechThe Bharatiya Janata Party has lodged complaints with Assam Police and the Election Commission against Congress president Mallikarjun Kharg...
Personal guarantors to bankrupt firms will need to declare crypto holding, art collections in IBC proceedingsNew draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...
New creditor-led IBC framework to put in place safeguards for stressed firm's managementNew creditor-led insolvency rules will impose strict financial transaction limits on stressed companies, requiring committee of creditors' ...
IBBI issues new guidelines to streamline process of appointing IPs as resolution professionalsThe Insolvency and Bankruptcy Board of India (IBBI) issues new guidelines to streamline the appointment of insolvency professionals (IPs) a...
IBBI to form 'common panel' of insolvency professionalsThe bankruptcy regulator will prepare a "common panel" of insolvency professionals (IPs) from those registered with it and share the list i...
Govt Panel for amendments to Insolvency and Bankruptcy CodeThe Insolvency and Bankruptcy Code (IBC) came into force in 2016 and has already undergone various amendments.
IBC panel recommends changes to revamp insolvency resolution processThe panel has recommended changes to the insolvency resolution framework to make it flexible for Resolution Professionals to raise interim ...
IBC panel bats for flexibility and accountability for stakeholdersThe panel has recommended a reduction in the voting threshold from the existing 75% to 66% for critical actions like approval of the resolu...
Government sets up personal bankruptcy panel to aid individualsWhile an expert group is finalising the framework for bankruptcy code for individuals, the advisory committee will provide technical inputs...
Panel examining bankruptcy code given extensionDuring the winter session in December last, the bill was referred to a 30-member joint committee of Members of Parliament for further scrut...
Government to introduce bankruptcy bill in Parliament tomorrowThe draft legislation prepared by the panel also proposes early identification of financial distress so that steps could be taken to revive...
Bankruptcy law to improve ease of doing business: Shaktikanta DasThe panel's report, which entails the draft legislation, noted that the recovery rates obtained in India are among the lowest in the world.
Centre working on comprehensive bankruptcy code for improving business environmentThe bankruptcy code will help reorganise a stressed business in a short span without endless litigation which erodes the viability of an en...
Government forms panel to frame bankruptcy codeThe government has set up a committee to frame bankruptcy law to enable entrepreneurs to close down unviable businesses.
- Barclays made gains from bankruptcy panel info: SEC
Barclays, Europe’s biggest underwriter of corporate bonds, used confidential information from serving on creditors’ committees to trade sec...