Page 30 - Insolvency And Bankruptcy Code

India's banks wrote off Rs 2 trillion worth of bad loans in 2018-19

Even as banks have written off more loans than before, recovery of bad loans has also improved substantially in the past couple of years

SBI Caps to give report on four bidders for Anil Ambani's RCom to CoC

The report will be presented to the committee of creditors (CoC) on Friday to take a final call on the potential best offers

Aviva Life settles Apeejay Trust's Rs 27-lakh insolvency case in NCLT

Earlier this month, the NCLT had ordered to initiate insolvency proceedings against Aviva Life Insurance in a case filed by Apeejay Trust

Govt may amend IBC, go for buyer protection and stricter homebuyers' norms

In October, Corporate Affair Secretary Injeti Srinivas said the ministry is mulling setting up of a threshold for home buyers for starting insolvency proceedings against real estate developers.

Ruling in Essar case a watershed moment in insolvency law, says IBBI chief

The Insolvency and Bankruptcy Code, 2016 envisages closure of a corporate insolvency resolution process in a time-bound manner

Lenders likely to opt for IBC for debt resolution of big accounts

May resort to debt recovery tribunals or Sarfaesi Act for the smaller ones

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

Govt to amend IBC to ring-fence buyers of stressed assets from prosecution

This will help make the insolvency process more attractive for the bidders and instil confidence in them, sources said

Jaypee insolvency: Lenders meet on Nov 28 to review NBCC, Suraksha bids

NBCC and Suraksha might be asked to submit their final plans after the next CoC meet on November 28 and voting process could be conducted before December 10

RBI to supersede DHFL board, approach NCLT for bankruptcy proceedings

The central bank said it had appointed R Subramaniakumar, ex-MD and CEO of Indian Overseas Bank, the administrator for DHFL

Mutual funds will join DHFL's IBC resolution process: Sebi chief Tyagi

Mutual funds, which have lent substantial sums of money to DHFL had not joined previous attempts at resolution, after financial woes at the company came to light

Ahead of bankruptcy process, RBI puts DHFL board under administrator

The announcement comes after the government last week empowered the RBI to refer stressed NBFCs and HFCs having assets worth of at least Rs 500 crore to insolvency court

From contractor plights to discharge vouchers, here're the key court orders

The project - part of the highway and tunnel on NH-1 in Jammu & Kashmir - is stuck due to insolvency.

State Bank may seek RBI approval for DHFL insolvency proceedings

Banks led by SBI may make a representation to the RBI, stating the current resolution process did not find much success and they would like to opt for resolution under the IBC

NCLAT gives Sterling promoters 30 more days to settle creditors' dues

The NCLAT had said it will not come in the way of the individuals such as promoters and directors

Homebuyers have filed over 1,800 cases under insolvency law: Govt

These are the number of cases pending before the National Company Law Tribunal (NCLT) as on September 30

Homebuyers filed 1,800 cases under insolvency law since June 2018: Govt

These are the number of cases pending before the National Company Law Tribunal (NCLT) as on September 30.

Rescue financiers call for ministry's protection in insolvency proceedings

The ministry of corporate affairs (MCA) has representations from fund managers and private lenders providing rescue financing to stressed projects

Insolvency rules for FSPs: Regulator has more control than CoC, say experts

Experts say a separate framework for financial service providers is required to protect retail investors, and for systemic reasons

NBCC in a fresh bid for Jaypee Infra, may keep unsold flats of Rs 1,750 cr

This was one of the reasons for lenders voting out the NBCC's resolution plan in June this year