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PERSONAL INSOLVENCY REGIME
RMG cos reel from GST ruling; new-age firms’ costly rideHappy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms after last year’s ban. This and more ...- Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...
- On hold: Plan to bring in cross-border, individual insolvency frameworksThe government has delayed plans to introduce cross-border insolvency and an out-of-court individual delinquency mechanism. These provision...
- Key amendments to IBC, companies law likely in winter sessionMCA will amend IBC and Companies Act, 2013 to expedite resolutions, reduce compliance burdens, and broaden CSR norms in the winter session....
- Centre may junk special IBC framework plan for real estateAfter extensive deliberations, the government now reckons that such sector-specific mechanisms within the IBC could dilute the very essence...
- Realtors unlikely to get greater shelter under insolvencyThe rethink was warranted by fears that unscrupulous promoters may use any such relief to dump certain housing projects midway after grabbi...
- IBC may come up in Budget session for faster resolution, cross-border normsThe proposed legislative changes also include a code of conduct for the committee of creditors (CoC) that decides on insolvency resolution ...
- IBC seminal reform; instrumental in changing feudal mindset of promoters: CEA"One big change that the IBC has brought is that it has ended feudalism of the promoters in a capitalistic society. There is absolutely no ...
- View: Fear of flattening the business curveTo deal with Covid fallout, the Ordinance amended IBC, & suspended the law for six months, starting June 5.
- 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...
- Personal guarantor insolvency under IBC from December 1According to the Supreme Court’s recent ruling in the Essar Steel case, overturning an order of the National Company Law Appellate Tribunal...
- Insolvency regime for personal guarantors to corporate debtors from December 1The provisions for resolution for individuals under the Insolvency and Bankruptcy Code (IBC) is being implemented in a phased manner. On Fr...
- Personal insolvency regime to be fully operational in one year: Injeti SrinivasThe corporate affairs ministry will be implementing the personal insolvency regime in phases.
- 'Changes to bankruptcy code ready, to be sent to cabinet’The changes include cross-border insolvency framework and harsher punishments for irregularities.
- Buyers of insolvent firms with stressed arms may get to bid for other companiesGovernment mulling change in IBC as norms do not allow promoters of a defaulting firm to bid for other insolvent assets.
- Lok Sabha passes Insolvency and Bankruptcy Code Amendment BillThe bill seeks to replace an ordinance which was promulgated in November to prevent unscrupulous persons from misusing or vitiating the pro...
- Insolvency and Bankruptcy Board of India to decide fate of loan guarantorsA working committee of insolvency professionals had submitted its recommendations on proposed regulations to IBBI more than a month ago.
- Arundhati Bhattacharya advices SMEs to go in for equity capital, not debtAddressing the same event, chairman of Insolvency and Bankruptcy Board of India, M S Sahoo said the board will soon come out with an insolv...
- Bankruptcy Code to improve ease of doing biz: IBBI chief M S Sahoo"This will improve the ease of doing business, promote entrepreneurship, develop debt market and consequently, develop the economy," Sahoo ...
- Proposed insolvency law is adequate: Sumant BatraSumant Batra, president of UK-based International Association of Restructuring and Insolvency Professionals (INSOL), which has been assisti...
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