New draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...

New creditor-led insolvency rules will impose strict financial transaction limits on stressed companies, requiring committee of creditors' ...

A parliamentary panel has urged the government to set strict deadlines for resolving bankruptcy cases. It also called for designing framewo...

The Centre is set to introduce a creditor-led insolvency resolution mechanism to expedite recoveries and reduce the burden on bankruptcy co...

An expert committee, led by TK Viswanathan, has recommended mediation between lenders and borrowers at the pre-default stage for faster out...

The Insolvency and Bankruptcy Code (IBC), which came into effect in 2016, provides for a market-linked and time-bound resolution of stresse...

Sources said homebuyers' representative in the panel will this week conduct a voting process for flatowners to decide whether extra time sh...

The CoC will be viewing the report submitted by the interim resolution professional (IRP) on claims of dues filed against RCom.

Refusing to entertain the plea by banks, a two-member NCLAT bench headed by S J Mukhopadhaya also warned banks that they would get "zero ru...

It is also looking to appoint a claim adviser at the group level.

Experts warn that lenders would not only pull back on lending to the realty sector but it will also lead to delay in decision making in ban...

The government is considering setting a time limit for withdrawing cases admitted for insolvency resolution, ending ambiguity on a key aspe...

Binani Industries had moved the NCLAT against the resolution professional of Binani Cement, alleging that its order was not followed while ...

The 14-member Insolvency and Bankruptcy Code panel was constituted to review the working of the law and to address concerns around its impl...

The panel’s recommendation of 90% lender support effectively gives likely buyers an opportunity to enter into one-time settlement with bank...

Currently, the resolution professional needs the consent from 75 per cent of the creditors to act upon anything.

The IRP and the CoC could not decide on the eligibility of the bidders who have submitted resolution plans for Essar Steel, a person in the...