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M-cap of stressed firms zooms three times after IBC resolution, says IBBI chairmanThe market capitalization of stressed companies resolved under India's Insolvency and Bankruptcy Code (IBC) has increased from INR 2 lakh c...
NCLT admits plea against McLeod Russel under IBCThe Kolkata bench of the National Company Law Tribunal (NCLT) has appointed Ritesh Prasad Adatiya as the interim resolution professional (I...
Deep haircuts: Comparing realisations with outstanding loans not reasonable to assess IBC effectiveness, says RBI DGFinancial creditors have been able to realise 166 per cent in comparison to the liquidation value of the debtors, indicating that creditors...
Supreme Court verdict: Banks explore option of invoking personal guarantee of promotionErstwhile promoter Wadhawan stands guarantee to loans taken by DHFL, which is sitting on debt of about Rs 90,000 crore, while Dhoot has als...
IBC has changed debtor-creditor dynamicsThe Insolvency and Bankruptcy Code has hence brought about significant behavioural changes among the creditors and debtors thereby redefini...
IBC has changed lender-borrower dynamics: Economic Survey"The inevitable consequence of a resolution process(the control and management of the firm move away from existing promoters and managers, ...
Can IBC override existing contracts? Why giving primacy to insolvency law may set a wrong precedentThere is no bar against the termination of agreements during the moratorium period under IBC other than contracts relating to essential ser...
Haircuts for operational creditors are at par with financial creditors: IcraOf the 1,858 corporate debtors referred to the NCLT upto March 31, 920 or 49 per cent cases have been referred by the operational creditors.
Haircuts for operational creditors in line with that for financial creditorsOne of the biggest successes for IBC has been the power given to operational creditors, Icra said.
NCLT helped creditors recover Rs 80k crore: FM Arun JaitleyJaitley said National Company Law Tribunal (NCLT) had started receiving corporate insolvency cases by the end of 2016 and so far 1,322 case...
Board brings in stricter norms for insolvency professionalsIBBI has explained the definition of ‘relationship’ citing different case.
Insolvency professionals to disclose relationship with related partiesIt will be deemed as in-relation if an insolvency professional derives 5% or more of his gross revenues in a year from professional service...
Insolvency law aims at saving promoters not banishing them: Arun JaitleyThe new regulations are viewed by some as giving upper hand to lenders who are reeling under Rs 8 lakh crore of non- performing assets (NPA...
FM Arun Jaitley warns defaulting debtor to either pay up or lose their companyRBI's earlier efforts met with some success but eventually it was still hard for creditors to change defaulting debtors, said Arun Jaitley.
Arun Jaitley slams Congress for hurting economy, 'in power and as opposition'He also said he was "deeply disappointed" with Mamata's reaction to the interrogation and arrest of some of her party leaders in the Saradh...
Lighting lamps and second chancesLighting lamps is the essence of Diwali. It gives its name to the festival & illuminates its nights. Lamps welcome Lakshmi in & keep away b...
- Don't delay insolvency reforms anymore
While world is undertaking fourth-generation laws,India is yet to implement first-generation reforms.