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IBC TWEAKS
IBC tweaks will align Indian laws with global regime: IBBIIndia's insolvency law is set for significant changes. These amendments aim to bring the system in line with global practices. The goal is ...- Regular IBC tweaks needed to address bankruptcy challenges, says Corporate Affairs MinistryThe corporate affairs ministry emphasizes continuous refinement of the Insolvency and Bankruptcy Code to address future challenges in corpo...
- SC holds IBC cannot be held to be operating in retroactive mannerIn a setback to promoter industrialists, the Supreme Court holds the statute (IBC) does not suffer from any manifest arbitrariness to viola...
- Bankruptcy Code tweak to lift freeze on idle waves unlikelyThe draft Telecom Bill proposes provisions that will enable the government to regain control of idle airwaves of insolvent telecom operator...
- Insolvency resolution, the new realty showPerformance has held up IBC's spread to new segments. Prepackaged insolvency resolution for small firms, as available to micro-enterprises ...
- Govt considering fast-track route to solve insolvency, unclog pipelinesThe Insolvency and Bankruptcy Code (IBC) is yet to deliver on its promise to speedily free up capital locked in zombie companies, and tweak...
- MCA proposes IBC tweaks to put resolution on fast trackA discussion paper floated by the Ministry of Corporate Affairs proposes to introduce Fast Track Corporate Insolvency (FIRP) through which ...
- Tweaking IBC to facilitate recoveryAn amendment to allow financial creditors to be the beneficiaries of recoveries from avoidance transactions is not a bad idea. It will enab...
- Insolvency and Bankruptcy Code changes to hasten, maximise recoveryIn separate notifications over the weekend, IBBI allowed creditors to sell part assets in case they get more value. More importantly, the r...
- Holders of convertible preference shares in a spot over Supreme Court rulingThe top court also made clear that investors cannot redeem such shares before the National Company Law Tribunal has ruled either way – whet...
- 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.
- Proposed amendment to insolvency law: Jayant Sinha to meet homebuyers' lobbyAbout 10 days ago, the Forum for People’s Collective Efforts had written to the committee saying the threshold requirement was suggested by...
- IBC proceeds formula may be reworked to avoid squabbles, legal delaysDistribution of resolution booty has been a key factor behind extended litigation, delaying major cases.
- ET View: Welcome tweaks in the bankruptcy codeThe changes, to be ratified by Parliament, will help clear backlog of pending cases.
- Cabinet okays IBC tweaks, gives financial creditors upper handChanges aimed at faster resolution, follow NCLAT Essar Steel decision; boost to homebuyers.
- ET View: Amend IBC to bring it in sync with RERAFor this, the government must amend the IBC to recognise the legitimate claim of home buyers. After all, they use their lifetime savings to...
- Will include ibc panel inputs: Subhash Garg, DEA SecretaryGarg said government will continue to make adjustments to the IBC to encourage competitive participation.
- How companies will change hands to the next generationIn November, through an ordinance, the Centre tweaked the IBC to debar wilful defaulters and those with NPA accounts from bidding for their...
- Promoters will look to settle out of court, post IBC tweakOn November 22, President Ram Nath Kovind gave his assent to a new section in the IBC.
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