Page 15 - Latest Updates on IBC
Stressed assets funds may return to India after relaxed ECB norms
Companies seek returns of over 20 per cent but RBI has put restrictions on yields and tenure
 "Stressed assets funds may return to India after relaxed ECB norms")
IBC Bill won't encroach on SC domain, says FM Nirmala Sitharaman
The amendments are largely to clear the Code's legislative intent, says Nirmala Sitharaman
 "IBC Bill won't encroach on SC domain, says FM Nirmala Sitharaman")
IBC Bill: Pressure on NCLT benches as 330-day deadline for resolution looms
Big IBC cases such as those of Amtek Auto, Bhushan Power & Steel, Era Infra Engineering, and Jaypee Infratech have gone well beyond the 270-day deadline set under the IBC
 "IBC Bill: Pressure on NCLT benches as 330-day deadline for resolution looms")
Empee Distilleries receives four resolution plans; CoC to decide, says RP
NCLT had started the insolvency process after a petition was filed by the Union Bank of India
 "Empee Distilleries receives four resolution plans; CoC to decide, says RP")
The Jet Airways insolvency case brings to fore grey areas in aviation law
One of the issues is how long the airline can enjoy rights over its parking slots at airports
 "The Jet Airways insolvency case brings to fore grey areas in aviation law")
Can we pass an arrest order under insolvency law, NCLAT asks Centre
Section 74(3) of the IBC stipulates that officers of those companies who knowingly and wilfuly contravene the terms of the resolution plan should be sentenced to imprisonment
 "Can we pass an arrest order under insolvency law, NCLAT asks Centre")
New amendments to IBC will protect interest of homebuyers: Centre to SC
The Centre told this to a bench comprising justices A M Khanwilkar and Dinesh Maheshwari, hearing the homebuyers matter of Jaypee Infratech Ltd
 "New amendments to IBC will protect interest of homebuyers: Centre to SC")
Lenders wary of using IBC for debt resolution over creditors' parity
Secured financial creditors will now get the same - 60.7% of the total amount
 "Lenders wary of using IBC for debt resolution over creditors' parity")
Bring uniform proposal outside IBC to solve Jaypee homebuyers' woes: SC
Top court defers hearing to July 11, says such policy issues should be solved by Centre
 "Bring uniform proposal outside IBC to solve Jaypee homebuyers' woes: SC")
Financial creditors recover more under IBC, says Economic Survey
In the two years of the IBC, real estate was the top sector, with 20 per cent of the insolvency cases being registered
 "Financial creditors recover more under IBC, says Economic Survey")
Promoters can take part in liquidation process if lenders okay IBC exit
Fate of several companies is hanging in the balance as defaulting promoters approach the NCLT to settle dues with creditors
IBC: Introduce pre-packs, group insolvency to facilitate speedy resolutions
In the coming months, we are hopeful of a few more cracks in the framework being filled
 "IBC: Introduce pre-packs, group insolvency to facilitate speedy resolutions")
Another bad idea
Govt should not amend IBC to introduce small loan waivers
 "Another bad idea")
IBC resulted in recovery rate of 43%, figure is respectable: CRISIL
As on March 31 of this year, the resolution plan for 94 stressed assets was approved by the National Company Law Tribunal (NCLT)
 "IBC resulted in recovery rate of 43%, figure is respectable: CRISIL")
IBC resolution: Towards the inevitable
The successful implementation of the IBC depended on a much bigger involvement of the state through a huge new superstructure of registration, certification and supervision
 "IBC resolution: Towards the inevitable")
IBC takes 300 days, BIFR took 5-8 yrs: IBBI chairman M S Sahoo
As many as 12,000 cases have been filed since the implementation of the IBC and setting up of NCLT, shows government data
 "IBC takes 300 days, BIFR took 5-8 yrs: IBBI chairman M S Sahoo")
Is the Insolvency and Bankruptcy Code losing its effectiveness?
On the contrary, it has the potential to change the behaviour of investors, lenders and borrowers to create a more healthy ecosystem for India Inc
 "Is the Insolvency and Bankruptcy Code losing its effectiveness?")
Should there be different IBC resolution mechanisms for different sectors?
Harmonise special regulations for each sector with the IBC, instead of creating carve-outs, say experts
 "Should there be different IBC resolution mechanisms for different sectors?")
Give details of insolvency law committee, Supreme Court tells Centre
It had been tasked to issues which might 'impact the efficiency of the corporate insolvency resolution and liquidation framework' and make recommendations
 "Give details of insolvency law committee, Supreme Court tells Centre")
CoC, RP faced with grey areas in IBC as bidders hold-up plan implementation
At least seven resolutions at stake as bidders raise issues
 "CoC, RP faced with grey areas in IBC as bidders hold-up plan implementation")
