Page 17 - Insolvency And Bankruptcy Code

Top headlines: 10 Indian startups may get $10 bn in IPO, IBC set to resume

Bitcoin reached a new record on Sunday, rising above $49,000 for the first time. Read Business Standard's top stories here

IBC set to resume; relief for key worst-affected sectors on the cards

Top officials to meet this week to discuss the matter

Trademark row to 'financial creditor' under IBC, here're key court orders

A selection of key court orders

Pre-pack scheme for insolvency banks on fair debtor-creditor ties

The journey of a pre-pack starts with an informal understanding, engages stakeholders, and ends with a judicial blessing of the outcome

Retail investors hold around Rs 1,000 crore in bankrupt listed companies

Each bankrupt company has around 7,500 retail investors on a median basis

An impact analysis: Decoding the changes in rules and regulations in Budget

The Budget proposes to strengthen the NCLT framework with e-Courts system

Litigation turning out to be a big hurdle for IBC: Economic Survey

Cites World Bank's Ease of Doing Business report, which said it takes 1,445 days to resolve a commercial contract in India, versus 589.6 days in OECD high income countries, 120 days in Singapore

Record steel prices help firms acquired under insolvency code out of red

Tata Steel BSL has posted a profit of Rs 913.19 crore in the December quarter, its highest since its acquisition by Tata Steel in 2018

IBC redefines debtor-creditor relationship, says Economic Survey

IBC has ushered in significant behavioural changes, the survey said

NCLT begins insolvency proceedings against The Pioneer group firm

Interim resolution professional appointed; public notice issued

Supreme Court upholds changes in IBC to initiate case against debtor firms

Justice Joseph, who wrote the 465-page judgement for the bench, upheld the amendments made in Sections 3, 4 and 10 of the IBC (Amendment) Act 2020

Brace for selective interest in stressed assets

With looming uncertainty, investors will be very selective, cautious and careful in allocating funds towards this asset class

Banks vote in favour of Piramal offer for DHFL, see holes in Oaktree bid

With this Piramal succeeds in getting the requisite 66 per cent voting, says source

DHFL a test case whose successful resolution is critical for banking sector

Reports suggest a potential recovery of 35 per cent from the bid process compared to an average recovery of seven per cent

MCA proposes pre-packaged insolvency resolution process for Covid defaults

The future phases would cover a default above Rs 1 crore, followed by Rs 1 to Rs 1 lakh

Prepack insolvency resolution: Swiss Challenge options, IBC tweaks on cards

The prepack is to start with a base resolution plan (BRP), which will face a Swiss Challenge; and this should come from the promoters if they are eligible and interested

Nithia Capital, CarVal Investors complete purchase of two Uttam Group firms

Total consideration Rs 2,000 cr; companies were on RBI's second list of NPAs mandated for resolution under IBC

Videocon lenders, 12 other group companies to meet on Tuesday under IRP

The lenders of debt-ridden Videocon Industries and 12 other group companies will meet on Tuesday under the insolvency resolution process (IRP)

Not a penny to equity holders as DHFL bidders value firm's shares at zero

Investors baffled as DHFL had a market valuation of Rs 941 cr on Monday, with its stock trading at Rs 30 a share even after the company was sent for bankruptcy proceedings

ArcelorMittal, JSW Steel among six firms keen on buying Uttam Galva Steel

Uttam Galva's total admitted claims are Rs 9,070.66 crore, with ArcelorMittal having an 87 per cent voting share among financial creditors