Page 6 - Debt Resolution

Resolution professionals latch on to older cases, new restructuring windows

Over 13,000 IBC applications are currently pending in NCLT, where only matters seen as urgent are being heard

IBC suspended for a year, Covid-19 related debt exempted from default

The Corporate Affairs ministry will issue a special circular to define the time period which will cover "covid related debt" to be exempted from default, the finance minister said

What next, Reliance Home Finance?

This is no default caused by liquidity tightness. It could have been avoided had the loans to group companies not been given. Period.

Lenders likely to opt for IBC for debt resolution of big accounts

May resort to debt recovery tribunals or Sarfaesi Act for the smaller ones

Synergy group gets a month to submit resolution plan for Jet Airways

It had been given time till November 15 to submit its bid. However, the group sought more time as it seeks clarity on airport slots in India and London

Govt paves way for insolvency resolution of financial service providers

Insolvency proceedings will be initiated only on an application by the appropriate regulator, who will be notified by the MCA, depending upon the FSP

Lenders may miss RBI's six-month deadline to approve debt-resolution plans

Resolution plans were to be implemented within 180 days from the end of the one-month review period

NCLAT sets aside Dhanuka's resolution plan for debt-laden Orchid Pharma

NCLT had approved Dhanuka's resolution plan on June 25, 2019

Lavasa CoC rejects bids of Haldiram, Deshpande; seeks more time from NCLT

Lenders expect the entire debt resolution process to be delayed further as the NCLT takes a call on a single debt resolution for Lavasa and its subsidiaries

PG&E gets $34 billion in debt financing as part of restructuring plan

The financing was included in a PG&E filing defending its exclusive right to move forward with a plan to exit the largest utility bankruptcy in US history

Liquidity crunch is impacting debt resolution plans, say lenders

One-time settlements on the decline, say lenders

RInfra claims 100% lenders have signed agreement for resolving debt

With the signing of the inter-creditor agreement, it has got a standstill period for 180 days

Debt resolution under IBC process: Banks take 47% haircut in RBI first list

Lack of capacity at the NCLTs is turning out to be a big concern for the investors as well as lenders