IBC Proceeding

It is surprising as the lenders mostly lend loans keeping in mind the margin and the promotor's contribution

The Board is short of about Rs 21 crore to be self-sufficient and must shift from relying on the government, it says

Such a move requires strengthening of information utility system: Official

Centre likely to review situation after a few months; another extension is economically and legally untenable, say officials

Fifth tranche of economic package: 7 measures announced by FM today

The fifth and last set of measures focuses on MGNREGA, health and education (rural and urban), businesses, decriminalisation of Companies Act, etc

The sources said an ordinance would be promulgated to suspend three sections of IBC for up to one year and a decision in this regard was taken by the Union Cabinet on Wednesday.

IBC has had a carrot-and-stick effect - making companies serious about governance and bringing stuck capital back into the economy. It seems to be a work in progress, but the system is surely working

Banks led by SBI may make a representation to the RBI, stating the current resolution process did not find much success and they would like to opt for resolution under the IBC

These are the number of cases pending before the National Company Law Tribunal (NCLT) as on September 30.

The share of financial creditors has risen from 40 per cent to 43 per cent in the same period

In a regulatory filing, HDIL said the IRP has been appointed to carry the functions as mentioned under Insolvency and Bankruptcy Code.

Of the 2,162 cases admitted under the IBC, corporate insolvency resolution process of 1,292 cases are going on

The Competition Law Review Committee, chaired by Corporate Affairs Secretary Injeti Srinivas, has recommended a slew of changes with respect to the Act

For now, cross-border insolvency can be enforced only if India enters bilateral treaties with foreign governments, said an official at the Ministry of Corporate Affairs

Court's observations came while rejecting Liberty House's plea to stop SBI from invoking bank guarantee

A two-judge Bench was hearing the petitions moved by several operational creditors alleging discrim­inatory treatment given to a certain class of operational creditors

Section 29(A) of Code needs amendment, says Jaitley

Data up to the end of September 2018 shows that of the total 1,198 cases that have been admitted into insolvency proceedings so far, 816 are undergoing resolution

Regulations define 'dissenting financial creditors' as those who vote against the Resolution Plan or abstain from the voting for the Resolution Plan approved by the committee

Litigations have been a drag on the 270-day deadline for resolution under the Insolvency and Bankruptcy Code