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PRE PACK INSOLVENCY
IBC study calls for auction reform to boost MSME insolvency resolutionA new study suggests changes to how bankrupt micro, small, and medium enterprises are rescued. It proposes a single objective auction model...- Pre-pack insolvency a success for five companiesThe Pre-packaged Insolvency Resolution Process (PPIRP) settled operational creditors' claims in five cases. Introduced under the Insolvency...
- MCA seeks inputs from shareholders to revamp IBC rulesIn a notice, the ministry also said it’s seeking to tweak the rules on the application to the adjudicating authority, the annual statement ...
- Pre-pack scheme under IBC likely for large companies tooAs part of amendments to the IBC, the corporate affairs ministry will likely include the provision to extend the pre-packaged insolvency fr...
- Aluminum Co. becomes first to get debt resolution from banks under pre-pack rulesSudal Industries, an aluminium products manufacturer, has become the first Indian company to get a debt resolution from banks under the ins...
- Government mulls new framework to put IBC cases on fast trackThe details will be finalised after broader stakeholder consultations. "The government has studied the best practices of several jurisdicti...
- Govt proposes framework for cross-border insolvency; seeks comments till Dec 15The government is preparing to come out with a cross-border insolvency resolution framework based on the UNCITRAL model law and is proposed...
- IIIPI panel lays out norms for RPs in MSME pre-packPersonal guarantees will likely get a disproportionate share of attention as experts craft the broad role definitions for professionals han...
- In a first, NCLT admits first pre-pack resolution caseAs per the laws, MSMEs should not have a turnover of more than Rs 250 crore excluding exports, and the investment in plant and machinery sh...
- Change in IBC paves way for prepack solutions for the MSME sectorThe notification was issued after the IBC amendment bill approved by the Parliament received presidential assent.
- Rajya Sabha adjourned for day, passes Insolvency and Bankruptcy Code (Amendment) BillAs soon as the House resumed after lunch at 2 pm, BJP member Bhubaneshwar Kalita in Chair asked Finance Minister Nirmala Sitharaman to move...
- Insolvency pre-packs good for small firmsRegulation should be light-touch, however, and pre-packs should cover larger companies.
- IBC bill in Lok Sabha; Pre-packaged insolvency solution on offerPre-packaged process allows creditors and shareholders to come together to identify a prospective buyer and negotiate a resolution plan bef...
- Insolvency board setting up two portals for sale of distressed assetsThe move will likely unlock big opportunities amid lockdown restrictions.
- Ground seems ready for new options to resolve stressed assets: IBBI chiefIn place for more than four years, the Insolvency and Bankruptcy Code (IBC) is helping in resolution of stressed assets in a market-linked ...
- Pre-packaged insolvency resolution framework for MSMEs soon, say officialsThe government is drawing up a framework for resolution of MSMEs under the Insolvency and Bankruptcy Code (IBC), which could be rolled out ...
- Pre-pack plan for insolvency to be tested with MSMEsUnder a pre-packaged insolvency plan, debtors and creditors agree upon the restructuring plan in advance, helping speed up the process.
- Getting a move on: Is it time for pre-packaged insolvency in India?While restructuring outside the Code is a possible option, it would not offer certain benefits available under the Code, such as the morato...
- Pre-packaged resolution plan to help expedite insolvency process: ExpertsAs part of efforts to fast-track processing of cases, the government has been mulling introduction of the provision for pre-packaged (pre-p...
- View: How to ringfence the IBCIt is true that NCLT and NCLAT often had to adjudicate. But there are certain innovations possible within IBC.
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