Page 31 - Insolvency And Bankruptcy Code

Easing of IBC deadline to serve interests of public, debtor: MCA secretary

The Supreme Court has relaxed the 330-day timeline for resolving stressed assets

Govt paves way for insolvency resolution of financial service providers

Insolvency proceedings will be initiated only on an application by the appropriate regulator, who will be notified by the MCA, depending upon the FSP

Insolvency regime for personal guarantors to corporate debtors from Dec 1

A case is taken up for resolution under the law only after approval from the National Company Law Tribunal (NCLT)

Govt notifies insolvency rules for financial service providers' resolution

The move also comes against the backdrop of instances of various FSPs facing problems

NCLT asks Kwality lenders to reconsider Haldiram's Rs 145-cr revised offer

On November 2, the CoC had rejected Haldiram Snacks' Rs 142 crore resolution plan

Insolvency resolution: Share of operational creditors reduces to 48% in Q2

The share of financial creditors has risen from 40 per cent to 43 per cent in the same period

NCLAT asks for Sebi reply on new share delisting norms for insolvency firms

The NCLAT direction came while hearing the petition filed by Reliance Industries Ltd, which is seeking waiver in delisting procedure for Alok Industries.

Resolution of financial service providers possible under IBC: IBBI chief

Currently, resolution of stressed financial institutions cannot be taken up under the Insolvency and Bankruptcy Code (IBC).

Sebi disposes of ABG Shipyard disclosure case as firm is under liquidation

ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC, 2016) as per NCLT orders

Challenges have made Insolvency and Bankruptcy Code stronger: IBBI chief

The code came into force in December 2016 and the first resolution case was approved in August 2017

Realty revival: IBC, Rera may need tweaking for booster shot to take effect

In September, Finance Minister Nirmala Sitharaman had announced the Special Window fund but projects in the NCLT or those dubbed NPAs had been kept out of its ambit

Govt considers special window for resolution of stressed NBFCs under IBC

The move also comes against the backdrop of financial sector players like Dewan Housing Finance Corporation Ltd facing troubles

Change in Binani brandname, quality upgrade spur UltraTech turnaround

The last part of the series on the Insolvency and Bankruptcy Code takes a look at how Ultratech's acquisition of Binani helped it become North India's biggest cement firm by capacity

After DHFL crisis, centre to issue new rules to bring NBFCs under IBC

DHFL is one of the largest HFCs that ran into trouble last year soon after the collapse of IL&FS

A year after resolution, Monnet's DRI plant running at 100% capacity

The third of a four-part series on the Insolvency and Bankruptcy Code takes a look at how the steel firm's turnaround plan was to be undertaken in phases

Essential goods may soon come under IBC regulations: Details here

Electricity, water, telecommunications, and information technology are currently covered under essential goods

SMEs can call out big companies for dues, thanks to a tweak in IBC

Information utility National e-governance Services (NeSL) will now make public the names of companies which default on payments

Explained: How Tata Steel put its soul into debt-laden Bhushan Steel

The first of a four-part series takes a look at how erstwhile Bhushan Steel is faring as Tata Steel BSL under a new command

Best of BS Opinion: In every systemic crisis there is a human factor

Here's a selection of Business Standard opinion pieces for the day

Explained: Are Enforcement Directorate's seizures harming the economy?

ED's move could stall the resolution process, prevent banks from recovering their pending dues