Page 8 - Latest Updates on IBC
Insolvency process: Parl panel suggests benchmark for 'quantum of haircut'
The Insolvency and Bankruptcy Code (IBC), which came into effect in 2016, provides for a market-linked and time-bound resolution of stressed assets.
 "Insolvency process: Parl panel suggests benchmark for 'quantum of haircut'")
Rajya Sabha adjourned for day amid protest, passes IBC (Amendment) Bill
Rajya Sabha was adjourned on Tuesday amid continuous protest by opposition parties over their demand for a discussion on the use of Pegasus spyware, farmers' agitation and other issues
 "Rajya Sabha adjourned for day amid protest, passes IBC (Amendment) Bill")
Lok Sabha passes bill to amend insolvency law without debate
Minister of State for Corporate Affairs Rao Inderjit Singh moved the Bill for consideration and passage amid the din
 "Lok Sabha passes bill to amend insolvency law without debate")
The other side of IBC
Any restructuring of stressed accounts outside the IBC would not look credible till the performance of PSBs improves
 "The other side of IBC")
Vijay Mallya's bankruptcy: What it means for fugitive businessman, lenders
As per British law, a bankruptcy trustee takes charge of a bankrupt person's financial and physical assets
 "Vijay Mallya's bankruptcy: What it means for fugitive businessman, lenders")
Decoded: What is prepackaged insolvency resolution & how does process work?
The prepackage process for resolution has been popular in Europe and the US over the past decade
 "Decoded: What is prepackaged insolvency resolution & how does process work?")
Nirmala Sitharaman introduces IBC (Amendment) Bill 2021 in Lok Sabha
Sitharaman is in charge of both finance and corporate affairs ministries.
 "Nirmala Sitharaman introduces IBC (Amendment) Bill 2021 in Lok Sabha")
Top headlines: Kerala seeks Sputnik V plant; Covid crimps budget housing
Business Standard brings to you the top headlines on Thursday
 "Top headlines: Kerala seeks Sputnik V plant; Covid crimps budget housing")
Creditors got Rs 2.45 trn from 394 resolution cases under IBC: FinMin
Amount realised in top 100 CIRPs is Rs 2.37 trillion, over 36% of admitted claims
 "Creditors got Rs 2.45 trn from 394 resolution cases under IBC: FinMin")
Vedanta among 11 bidders vying for Videocon's Brazil assets worth $2 bn
If sale is successful, lenders will get Rs 15,000 cr more from Videocon's debt resolution, taking their recovery to over 40%
 "Vedanta among 11 bidders vying for Videocon's Brazil assets worth $2 bn")
Financial creditors can realise Rs 60,000 crore through IBC: ICRA
The second wave of Covid-19 could again delay resolutions and increase haircuts
Lenders can realise Rs 55,000-60,000 crore from IBC cases in FY22
Large housing finance company resolution seen as key drive; second wave could cause delays and increase haircuts
 "Lenders can realise Rs 55,000-60,000 crore from IBC cases in FY22")
Creditors may realise Rs 55,000-60,000 cr through IBC in FY22: Report
The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common.
 "Creditors may realise Rs 55,000-60,000 cr through IBC in FY22: Report")
Half the cases closed under IBC end in liquidation, only 13% resolved
Haircut rises to 60% of lenders' claims in FY21
 "Half the cases closed under IBC end in liquidation, only 13% resolved")
DHFL resolution: Lenders weigh options after NCLT's surprise call
Tribunal gave direction to have a look at offer by Kapil Wadhawan
 "DHFL resolution: Lenders weigh options after NCLT's surprise call")
Reimpose moratorium on taking cos to NCLT under IBC due to Covid: Assocham
Industry body Assocham on Friday urged the government to reimpose moratorium on taking debt-ridden firms to the NCLT under the IBC till December
 "Reimpose moratorium on taking cos to NCLT under IBC due to Covid: Assocham")
West Bengal polls LIVE: EC notice to Mamata for 'communal' appeal
Stay tuned for Latest LIVE news
 "West Bengal polls LIVE: EC notice to Mamata for 'communal' appeal")
IBC in the slow lane: CIRP cases decline almost 12%, shows IBBI data
New corporate insolvency being at halt reflected in the continuing drop in the number of ongoing corporate resolution cases in the October-December period
 "IBC in the slow lane: CIRP cases decline almost 12%, shows IBBI data")
IBC ordinance allows prepack for MSMEs, eases resolution with minimum pain
Ordinance is designed to ensure quicker, cost-effective and value maximising outcomes for all stakeholders in a manner that least disrupts their businesses and preserves jobs too
 "IBC ordinance allows prepack for MSMEs, eases resolution with minimum pain")
Diamond in the rough: Why NINL is attracting interest from all the big boys
Why the sale of a loss-making public sector steel company, which has been closed for over a year, is attracting interest from all the big boys of the industry
 "Diamond in the rough: Why NINL is attracting interest from all the big boys")
