Page 29 - Insolvency And Bankruptcy Code

Positive impact of the insolvency law to be visible in 5 years: Ajay Tyagi

The Code came into force in December 2016

Proposed changes to IBC may augur well, but apprehensions still remain

In its third year, IBC has managed to plug important gaps, but this is not the end of the road with issues coming to light at every turn

Over 9,600 cases worth Rs 3.75 trn disposed of at IBC pre-admission stage

Further, the ministry said that in the 161 resolved cases, the realisable amount is Rs 1,56,814 crore

PMLA vs IBC: Experts explain why battle for primacy is far from over

Experts are sceptical about how it will play out

Bhushan Power resolution may have to wait longer due to IBC amendments

Process tied in legal knots even with the latest set of amendments to IBC

ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition

After the payment to the lenders, this will be the single-biggest recovery under the IBC

Amended IBC sets threshold for initiating corporate insolvency cases

The IBC has taken a big step in providing a clean slate to buyers of stressed companies

The right reaction

Govt steps in again to protect the IBC

Stressed asset buyers get protection after Cabinet clears IBC amendment

Cabinet clears Code amendments to shield new owners from criminal liabilities

Govt clears IBC amendments to ring-fence successful bidders from risks

It assumes significance against the backdrop of instances of enforcement agencies taking action in case of companies where the resolution process has already been completed.

NCLAT stays NCLT directive making MCA party in all insolvency cases

The appellate tribunal's direction came over a petition filed by the government through the Ministry of Corporate Affairs (MCA) challenging the NCLT order

Three dangerous myths

The errors and misapprehensions that led to constant optimism about Indian growth

Will ensure regulations are 'grounded on realities': IBBI chairman Sahoo

Sahoo said the IBC has re-defined the debtor-creditor relationship and brought in significant behavioural changes among the stakeholders

DHFL insolvency proceedings: Irdai rules out troubles for two insurers

The two insurance subsidiaries of the crippled mortgage lender Dewan Housing Finance (DHFL) are unlikely to be impacted by the ongoing bankruptcy proceedings of their parent as they continue to have adequate solvency ratios, Irdai chairman SC Khuntia said on Friday. He also asked insurance companies to write off their exposure to the bankrupt DHFL as they did in case of IL&FS. DHFL, admitted for bankruptcy proceedings on December 3, has two insurance joint ventures -- DHFL Pramerica Life Insurance and DHFL General Insurance. DHFL Pramerica Life, launched in 2008, is a joint venture between DHFL Investments, a wholly-owned arm of DHFL, and Prudential International Insurance Holdings of the US, has Rs 4,675 crore assets under management and employs 3,100. DHFL General Insurance, on the other hand, is a fully-owned subsidiary of Wadhawan Global Capital, the holding company of the HDFL Group, and manages USD 18.6 billion assets through its lending, investment and ...

Odisha Slurry Pipeline bidding hots up as Thriveni offers Rs 4,000 crore

The 253-km slurry pipeline that the companies are vying for is critical to Essar Steel

Govt moves NCLAT against NCLT order making MCA party in all IBC cases

The appellate tribunal is expected to hear the case on Friday

Recoveries from Odisha Slurry Pipeline under CIRP could be low: Srei fund

IGOF has written to the resolution professional and the committee of creditors, requesting that OSPIL be withdrawn from CIRP

Firms under IBC: Govt to allow resolution professionals to make filings

The RP is not empowered to carry on compliances such as signing and uploading the audited and unaudited financial results

Govt plans to amend IBC 2016 to address cross-border insolvency: MS Sahoo

When IBC came in 2016, everything was new, and there was no insolvency professional, IBBI or all members of the NCLT, everything was created afresh, but it worked, he added.

In a first, RBI moves NCLT seeking insolvency proceeding against DHFL

An interim moratorium on the assets of the beleaguered company has also commenced following the RBI's application, and will continue till it is accepted or rejected by the NCLT