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IBC RESTRUCTURING
The rupee’s swing: When currency becomes the deal maker or breakerRupee volatility has become central to India’s distressed deals, driving stress for firms with dollar debt despite stable operations. Eleva...
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 ...
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...
Supreme Court rules telecom spectrum cannot be transferred under Insolvency and Bankruptcy CodeThe Supreme Court has made a pivotal ruling regarding telecommunications: spectrum is off the table when it comes to insolvency resolutions...
Religare Finvest lenders to move RBI for insolvencyUnder the Insolvency and Bankruptcy Code (IBC) framework, only the RBI can refer a finance company for insolvency proceedings. Lenders are ...
NCLAT rejects Kotak Bank's plea to set aside insolvency proceedings against MSELA two-member NCLAT bench upheld the orders of the Kolkata bench of the National Company Law Tribunal (NCLT), which had on February 11, 2021...
Legal and Consulting firms gear up for jump in restructuring and bankruptciesThe central government had announced the suspension of fresh Insolvency & Bankruptcy Code (IBC) proceedings and the Reserve Bank of India h...
IBC tweak challenges flaggedMany lenders, particularly state-owned banks, are not in a hurry to initiate IBC proceedings.
IBC deferral plan and absence of loan rejig put banks in a fixUnlike the meltdown of 2008-09, Covid-19 has impacted a far higher number of industries.
RBI may soften restructuring norms after govt's IBC relaxationBankers said the blanket ban on new IBC entries leaves restructuring of loans as the only plausible route to cure default but stringent RBI...
View: IBC requires urgent need for clarityIt is easy to be critical of past steps but it is more important to look forward. As corporate India aims to get back on its feet, there is...
Govt decides to suspend up to 1 year IBC provisions that trigger fresh insolvency proceedings: ReportSection 7, 9 and 10 of the IBC would be suspended for six months and the suspension time can be extended up to one year. An enabling provis...
The Bankruptcy Code isn't broken, but it still needs fixingThe govt needs to make the Insolvency and Bankruptcy Code speedier, more transparent and hazard-free.
IBC, settlement scheme may be linked in future: Arun JaitleyHowever, Arun Jaitley said, various RBI schemes for settlements and restructuring did not bring much result.
New delisting norms for IBC companies could trip punters’ betsThese delisting prices are a fraction of even the actual face value of the shares of the company.
Insolvency and Bankruptcy Code to end crony capitalism in India: Niti Aayog"Earlier, you could borrow and not repay. Now if you don't pay, you lose your business," Kant said highlighting the major structural reform...
Right to equality can be invoked if COC violates IBC: NCLT ChairmanKumar further said in case of any violation of enacted law by CoCs comes into notice in examining the business restructuring plan and propo...