In a landmark decision, the Supreme Court has clarified that insolvency law is not intended for the mere pursuit of debt recovery. It highl...

IBC: India's insolvency regulations could soon see a significant shift. The proposed changes could allow company promoters facing defaults ...

NeSL is providing instant access to digital default records for insolvency cases. This helps authorities quickly verify debt and claims. Am...

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

ASK Property Fund has successfully exited Mahagun Group's Noida project. The fund invested Rs 310 crore in 2021 and received Rs 650 crore u...

The pandemic has made several people prone to debt traps with revolving credit card bills and easy personal loans taken from fintech compan...

The changes include cross-border insolvency framework and harsher punishments for irregularities.

Scheme structured under IBC, micro-enterprises, small farmers, artisans, cottage industries to benefit.

While bankruptcy filing for corporates is well-organised under the IBC, it isn't as streamlined for individuals.

The law mandates a moratorium of 180 days against a corporate debtor once insolvency proceedings start.

The ministry has suggested that DRTs designate special benches for resolution of individual insolvency cases. DRTs were established in 1993...

IBC, billed as the biggest economic reform in India after the Goods and Services Tax (GST), is a rare example of a speedy rollout and imple...

Personal guarantors who may have escaped action in the NCLT process will no longer be immune. Their assets may now be encashed and used for...

Draft regulations specify excluded assets, such as unencumbered personal ornaments or house in use by the individual, will not be transferr...

Addressing the same event, chairman of Insolvency and Bankruptcy Board of India, M S Sahoo said the board will soon come out with an insolv...

Ultimately, political will is key to effective implementation which will require concerted efforts from interested parties and reforms in t...

The Supreme Court will decide whether banks can initiate insolvency proceedings while recovering dues from individual defaulters as private...