IBC Resolution

For cases that have been resolved, creditors have continued to face a haircut of around 70 per cent of the admitted claims

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

Faster insolvency resolution is crucial

NCLT Mumbai will resume hearing in the Reliance Capital resolution matter on Monday

The NCLAT upheld the old order, along with the fine of Rs 1 crore

RBCL Projects had filed the petition in the NCLT to initiate CIRP against the BPTP, which was incorporated in 2003

IBBI says while this reflects extent of value erosion by the time a corporate debtor enters CIRP, it remains the highest among all options available to creditors for recovery

Appearing for Twinstar, Senior Advocate Abhishek Manu Singhvi said their bid for Videocon Industries Limited was approved by the CoC during the insolvency process of the group

Sum includes transactions amounting to Rs 1,283 cr determined as undervalued; Srei Equipment Finance is currently undergoing corporate insolvency resolution process

This is the third deadline extension as the lenders seek better offers from the bidders

Resolution professional in Anil Ambani insolvency case says that it had been more than a year since a suit for recovery was filed against the businessman

IBBI wants liquidation timeline reduced

Transaction auditor's methodology 'opaque' and legal fight over it could derail resolution process, say sources close to Kanoria.

Where does IBC stand five years after RBI's 'dirty dozen' announcement?

The Insolvency and Bankruptcy Code, 2016 was introduced to tackle bad loan problems. But it has been plagued with high haircuts for banks and delays. What can be done to achieve a quicker resolution?

IBBI latest data suggest only 14 per cent yielded resolution plans since the inception of IBC

So far only eight out of 54 Prospective Resolution Applicants (PRAs) have engaged with lenders of the bankrupt firm.

March 31 deadline for Rs 22,600 cr debt resolution missed as litigation delays process; matter has been dragging on for five years instead of six-month deadline under IBC

The IBC has seen higher acceptance in the last ten quarters as maximum cases were admitted during this time

Chief Economic Advisor Krishnamurthy Subramanian on Friday said that before the Insolvency and Bankruptcy Code (IBC) was implemented, there used to be feudalism.

The IBC, which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets.