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IBC AMENDMENT ON GUARANTEES
Corporate Affairs ministry proposes easing company incorporation rulesIn an effort to boost entrepreneurship, the corporate affairs ministry is poised to revamp the company incorporation process. By consolidat...- 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 ...
- NeSL enabling real-time access to digital debt & claims data in insolvency casesNeSL is providing instant access to digital default records for insolvency cases. This helps authorities quickly verify debt and claims. Am...
- Regulatory changes to provide necessary push to surety bonds business, say expertsRegulatory changes and standardization are set to boost surety bonds introduced in 2022 by general insurance companies. These bonds will su...
- Proposed IBC amendment on guarantees to aid NPA recovery: India RatingsThe amendments state that a resolution plan does not automatically release guarantors from their liabilities, aligning with the Supreme Cou...
- Surge in personal guarantor cases under IBC in FY23In the first three quarters of the ongoing fiscal 2023, National Company Law Tribunals (NCLTs) have admitted 117 such cases against persona...
- Will the upcoming Budget make reforms to the Insolvency and Bankruptcy Code, 2016?As time is of the essence in the insolvency resolution process, therefore the government in the budget session 2023 may take proactive meas...
- Supreme Court's order on defaulter tycoons plugs an important bankruptcy loopholeLawyers and bankers were said the order sets a precedence for future recoveries in bankrutpcy cases and more importantly act as a deterrent...
- MCA challenges Anil Ambani’s stance on personal insolvency lawThe Ministry of Corporate Affairs has told the Delhi high court that the personal insolvency law is not unconstitutional and the government...
- IBC tweak challenges flaggedMany lenders, particularly state-owned banks, are not in a hurry to initiate IBC proceedings.
- Home buyers file plea in SC challenging Insolvency & Bankruptcy Code amendment"The writ petition has been filed by 11 petitioners of 11 projects being constructed by Pioneer Urban Land & Infrastructure, Emaar MGF Land...
- First personal insolvency petition filed in AmaravatiOmkaram Venkata Ramana, who had stood personal guarantor to five firms that defaulted on Rs 38.66 crore of bank loans, filed the petition t...
- Personal guarantees may aid bad loan resolutionIn a notification on November 15, the ministry of corporate affairs (MCA) included personal guarantees on corporate loans under the bankrup...
- Essar case: New amendments in IBC come under SC scannerThe top court sought assistance of the Attorney General in the matter and requested him to be present on August 19.
- Personal insolvency regulation in phases, indemnity to successful bidder under IBC: FMSitharaman -- who is also the Corporate Affairs Minister -- said criminal matters will continue to be pursued against individuals of the lo...
- Guarantors too will be in insolvency netIBBI is readying rules that will enable creditors to go after guarantors of failed cos to recover dues.
- Government promulgates IBC ordinance; home buyers to be treated as financial creditorsPresident Ram Nath Kovind has given his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, according to a...
- IBC panel eases insolvency rules for MSME owners, treat home buyers as creditorsThe committee proposed that promoters of MSMEs who are not wilful defaulters should be allowed to bid during the insolvency process.
- IBC panel for allowing lenders to invoke personal guaranteesIf accepted, this will be a significant move in the light of a recent decision by the NCLAT that SBI cannot invoke personal guarantees and ...
- Blanket ban on guarantors of stressed firms may goThe ordinance also barred those that have executed an enforceable guarantee in favour of a creditor with respect to a company undergoing re...
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