Page 28 - Insolvency And Bankruptcy Code

Disqualified parties barred from liquidation process, says IBBI

Such persons will also not be eligible to enter into any settlement or arrangement with the creditors of the insolvent company under Section 230 of the Companies Act, the IBBI has clarified

Jaypee Infra's IRP approaches NCLT Allahabad for approval of NBCC's bid

Last month, NBCC won the bid to acquire Jaypee Infratech after financial creditors, including lenders and homebuyers, approved its resolution plan

Here's why Insolvency and Bankruptcy Code is a policy masterstroke

From 161 resolved cases, the realisable amount stands at over Rs 1.6 trn

Jet Airways lenders give time till January 15 for submission of EoIs

Jet has completed 180 days of its insolvency proceedings and has extended the corporate insolvency process by another 90 days.

SBI to float $2-bn distressed asset fund; to bring in global partners

The size of the distressed asset fund is expected to be on the lines of the government of India-backed AIF for distressed housing projects

Decade in review: How state-owned banks rose to the occasion amid crisis

At the start of the decade, the government was busy infusing stimulus packages to revive various sectors affected by the global credit crisis

Top 50 corporates reduce debt by about Rs 60,000 cr in first half of FY20

In the last financial year 2018-19, sources said, these companies had reduced their debt burden by about Rs 43,000 crore

Does IBC work for financial firms?

The economy might be better off with a dedicated legal regime for the resolution of financial service providers and financial market infrastructure

Recovery of stressed assets improved marginally in FY19 driven by IBC: RBI

The amount involved under IBC was Rs 1.66 trillion and more than Rs 70,819 crore was recovered, with a recovery rate of 42.5%

Is IBC in ICU?

Senior judges need briefings on economy-wide consequences of their decisions

Govt to bring in ordinance to amend insolvency law to remove ambiguities

The Code has already been amended thrice and a Bill to amend it was introduced in the Lok Sabha on December 12

Ordinance to amend Insolvency and Bankruptcy Code gets Cabinet approval

Union minister Prakash Javadekar on Tuesday said the Cabinet has cleared an ordinance to amend the Code

LS Speaker refers IBC Amendment Bill to standing committee on finance

It was passed by the Cabinet and subsequently introduced in the Lok Sabha during the Winter session earlier this month

Rise in defaults could make things even worse for India, China in 2020

Defaults in China will likely rise in both the onshore and offshore bond markets next year amid a tightening in funding

IBC to Central GST Act, 10 laws that changed the way India does business

IBC is considered one of the biggest success stories in the government's efforts to de-clog the economic system from ill-effects of stressed assets

Subhash Garg explains why RBI's surplus profits belong to the govt

Over lunch with Arup Roychoudhury, Garg talks about his two years as finance secretary as the government went into an unprecedented confrontation with the Reserve Bank of India

Jet Airways' insolvency resolution extended by 90 days as bidders seek time

On Thursday, Synergy Group Jet Airways' sole potential bidder had sought more time to take a decision on investing in the grounded airline

IBC process helps creditors recover Rs 1.6 trn, revives 160 companies

But, also this amount is 210 per cent of their liquidation value," Insolvency and Bankruptcy Board of India (IBBI) chairman M S Sahoo said.

With rise in financial frauds, forensic audits prove handy for India Inc

Audit firms are also reporting a rising demand for background checks of senior executives when they join a company

Jet lenders to invite fresh bids as parties are willing to revive airline

The CoC will vote on restarting the bid process on Friday and the results will be out on Saturday