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BANKRUPTCY REGIME
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
IBC 10-year anniversary scorecard: Over Rs 4 lakh crore realised, big implications for credit markets, economic efficiencyThe Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies...
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...
View: Trump got schooled by Iran. He’ll never learnIran war: Donald Trump's actions regarding Iran have led to significant financial costs for American taxpayers and human casualties. His rh...
Defaulting company promoters to be given new lease of life? All eyes on a big new IBC proposalIBC: India's insolvency regulations could soon see a significant shift. The proposed changes could allow company promoters facing defaults ...
Piyush Goyal questions Tamil Nadu finances, unveils white paper, attacks DMK over 'family rule'Union Minister Piyush Goyal has sharply criticized the DMK government in Tamil Nadu. He questioned Chief Minister MK Stalin about the state...
Finance Minister Nirmala Sitharaman moves Bill to amend IBC, speed up resolutionA new bill aims to speed up bankruptcy resolution in India. Finance Minister Nirmala Sitharaman introduced amendments to the Insolvency and...
India’s bankruptcy regime gains global boost; S&P lifts jurisdiction rankingS&P Global Ratings has upgraded India's insolvency regime to Group B from Group C, citing improved creditor-friendliness and a record of su...
Parliamentary panel moots advance ruling mechanism in IBC framework to tackle litigationsThe panel, in its report, has also recommended setting up a transparent, online mechanism for issuing 'no dues' certificates and statutory ...
On hold: Plan to bring in cross-border, individual insolvency frameworksThe government has delayed plans to introduce cross-border insolvency and an out-of-court individual delinquency mechanism. These provision...
IBBI moots mediation between operational creditors & stressed companiesThe Insolvency and Bankruptcy Board of India (IBBI) has proposed a new rule that would give operational creditors of stressed companies the...
Timely rescue of firms pushes IBC recovery to 49%Creditors in India have been able to recover nearly half of their claims under the Insolvency and Bankruptcy Code (IBC) when the resolution...
The ten big policy plays: Key economic initiatives India has seen under Modi from 2014 to 2024Over the last decade, India has witnessed significant economic initiatives like the Goods and Services Tax, bankruptcy code, and PM-Kisan. ...
IL&FS: Delays to key India shadow bank insolvency show coronavirus pandemic falloutPayments to creditors from Infrastructure Leasing & Financial Services Ltd., whose default in September 2018 triggered a lingering credit c...
Ex-Lehman banker sees gold mine in India bankruptcy overhaulModi government has been trying to clean up $210 billion of bad loans on banks’ balance sheets and that’s attracting global funds.
CBDT relaxes norms for MAT on firms facing insolvencyAppropriate legislative amendment in this regard will be made in due course, a Central Board of Direct Taxes statement said on Saturday.
India business optimism positive, but slides to lowest in 4 years: ReportIBR survey data showed that India's businesses are the most positive in the region when it comes to the opportunity presented by increasing...
Bankruptcy code: US, UK allow owners to bid, India doesn’tET looks at the laws in some of the countries that have fast-tracked bankruptcy resolution to see the differences and similarities with Ind...
Bankruptcy Code to give fillip to ease of doing biz: FinMinHitherto, India was lacking the legal and institutional machinery for dealing with debt defaults as per global standards.
- Quick settlement for Satyam
The way govt & corporates managed to settle Satyam issue is laudable.