Ibc Proceeding

165 IBC liquidation cases saw 94% asset value erosion since 2016: Report

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

IBBI discussion paper proposes increasing fees on service providers

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

Govt considers automatic route for creditors in IBC to speed up resolution

Such a move requires strengthening of information utility system: Official

Suspension of IBC proceedings may not be extended beyond March 24

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

Govt to suspend up to 1-year IBC provisions that trigger insolvency cases

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.

Systemic change: Hits and misses of India's bankruptcy reforms code

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

State Bank may seek RBI approval for DHFL insolvency proceedings

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

Homebuyers filed 1,800 cases under insolvency law since June 2018: Govt

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

Insolvency resolution: Share of operational creditors reduces to 48% in Q2

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

HDIL slumps 5% as it goes insolvent, recovers later

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

3 years on, just 6% resolution plans accepted under IBC, says report

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

Govt panel recommends automatic CCI approval for cases under insolvency law

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

Govt likely to tweak IBC for cross-border cases, Bill after elections

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

IBC reigns supreme over other civil laws, says Delhi High Court

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

Supreme Court reserves judgment on plea challenging validity of IBC

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

Revisiting pre-IBC norms only after current rush: FM Arun Jaitley

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

80% of resolved IBC cases in liquidation at the end of Q2FY19: Report

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

IBC proceedings: Why homebuyers are in a bind over voting rights

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

IBC process: Delays put role of adjudicating authorities in spotlight

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