Individual Bankruptcy
Individual insolvency misuse by personal guarantors in govt cross hairs
Draft IBC amendments propose to remove 'perverse incentives'
 "Individual insolvency misuse by personal guarantors in govt cross hairs")
New amendments to bankruptcy code look to boost returns of stressed assets
IBBI had invited comments from the stakeholders to suggest if parts of stressed assets could be sold off instead of as a whole
 "New amendments to bankruptcy code look to boost returns of stressed assets")
Vijay Mallya loses bankruptcy petition amendment High Court battle in UK
A consortium of Indian banks led by the State Bank of India (SBI) on Tuesday moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya's now-defunct Kingfisher Airlines
 "Vijay Mallya loses bankruptcy petition amendment High Court battle in UK")
When broke, apply for bankruptcy, but process could be excruciating
Though the Insolvency and Bankruptcy Code, 2016 came into effect on December 2, 2016, and has rules for individual bankruptcy too, they have not been notified yet
 "When broke, apply for bankruptcy, but process could be excruciating")
Individual insolvency rules: Breach of personal guarantee is quite severe
The law can help keep a check on instances where loans are given not on the basis of the debtor's creditworthiness, but because of a personal guarantor
 "Individual insolvency rules: Breach of personal guarantee is quite severe")
Individual bankruptcy: Draft rules propose mediation over litigation
For the first time in India, debtors and operational creditors will be able to trigger insolvency once the individual insolvency code is notified
 "Individual bankruptcy: Draft rules propose mediation over litigation")
