Page 27 - Insolvency And Bankruptcy Code

Economic Survey: IBC reduces resolution time to 340 days from 4.3 years

The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for market-linked and time-bound resolution of stressed assets

45 bills on government's agenda during Budget session of Parliament

The government's legislative agenda for the budget session of parliament includes 45 bills and seven financial items.

Dalmia Cement to move NCLAT against NCLT over subsidiary insolvency case

The cement company is guided by RBI norms and directions, and there stands a strong legal ground for quashing of the NCLT order

Success fee gaining currency among insolvency resolution professionals

No official data is available on the charges but Insolvency and Bankruptcy Code (IBC) experts say the fee is being paid in more than half of the overall cases going for resolution

Banking consortium declares Rs 14,000-cr ABG Shipyard loan 'fraud' account

With the account being declared 'fraud', banks are not expected to make additional provisioning; it has been already classified a non-performing asset

Budget 2020: Prakash Javadekar hints at 'action plan' for economic revival

Markets to open for regular trading on February 1

ED opposes dropping ongoing investigation against Bhushan Power and Steel

This is because the immunity provided by the new provision in the insolvency law is not applicable to the new promoter (JSW Steel)

Legislative adventurism

A proposal for a new law on bank resolution has already raised many troubling questions

IBBI amends voluntary liquidation norms, unclaimed dividends to go to CVLA

The Insolvency and Bankruptcy Board of India (IBBI) has notified changes to the voluntary liquidation process regulations

A luxury yacht and 5-year-old firm in middle of an unusual insolvency case

The luxury vessel has been docked on the banks of Hooghly for nearly a year without generating any business for the company

Jio, UVARC emerge top bidders for RCom assets with bids worth Rs 21,000 cr

Delhi-based UVARC has offered to pay about Rs 16,000 crore for the spectrum, real estate, and enterprise and data centre businesses of RCom and Reliance Telecom, which houses these assets

Banks, bankers may face fines for poor progress over RBI's June 7 circular

The fresh set of guidelines, which will usher in a stricter compliance regime, is in the works and could be in the public domain by end of March

SC agrees to examine validity of Centre's decision to amend IBC Ordinance

The bench issued notice to the Centre seeking its response on the pleas

NPA provisioning should be based on assessment: Srei Infra vice chairman

Sunil Kanoria Vice Chairman, Srei Infrastructure Finance Limited talks about some radical reforms in the banking sector

Changes in IBBI norms bar re-entry of ex-promoters in cos under liquidation

The amendment is in line with the intent of the Section 29A of Code preventing any sort of re-entry of ex-promoters

Will not face insolvency proceedings, says Anil Ambani's Reliance Infra

The executive mentioned earlier said with the payment of Rs 1,700 crore to lenders, RInfra would not need to go through an insolvency process

Top Headlines: India's economic growth to 'weaken', SC Maha verdict Tuesday

From DBS Bank on India's economic growth to Sena-NCP-Congress staking claim in Maharashtra, Business Standard brings you the top headlines of the day

Year in Review: Citizenship Act to Ayodhya verdict, key decisions of 2019

Days before curtains come down on 2019, we look at the key decisions and ideas that shaped the year

SC upholds IBC amendments, status of homebuyers as financial creditors

The bench said only genuine homebuyers can invoke insolvency proceedings against the builder and asked the Centre to file an affidavit taking the corrective measures

Despite relaxation in norms, 25 stressed power assets yet to be resolved

Of the 36 identified stressed assets, seven have been resolved through debt-restructuring schemes by lenders