Centre seeks comments on proposed changes to insolvency law ahead of Budget 2022-23
The Central government has invited comments on several amendments proposed to the insolvency law.
Dec 23, 2021, 18:43 PM IST
DHFL insolvency case: Here’s why RBI’s IBC route didn’t work well for the lender
Experts say as evidenced in DHFL, the IBC process is plagued by drawbacks that need to be addressed or alternatives need to be explored in the interest of all stakeholders and the economy at large.
Sep 11, 2021, 14:23 PM IST
Supreme Court permits banks to proceed against personal guarantors under IBC
"In the judgment, we have upheld the notification," Justice Bhat said while reading out the conclusion of the judgement which decided as many as 75 petitions pertaining to the validity of the notification.
May 21, 2021, 13:32 PM IST
Jet Airways insolvency resolution professional seeks fresh EoI for defunct airline
This is the fourth time that EoI has been invited for Jet Airways, which was shuttered last year.
May 13, 2020, 15:05 PM IST
Business failure must not be looked down upon: FM Sitharaman on VG Siddhartha's death
Siddhartha's body was found on the banks of the Netravathi river in Karnataka on Wednesday. In a letter purportedly written by him, Siddhartha alleged, among other reasons, harassment by the Income Tax department as the cause for taking his own life.
Aug 02, 2019, 12:50 PM IST
IBC process helps recover Rs 70K cr bad loans in FY19: Report
According to its president Gurpreet Chatwal, the recovery rate for the 94 cases resolved through IBC by FY2018-19 is 43 per cent, compared with 26.5 per cent through earlier resolution mechanisms.
May 15, 2019, 14:15 PM IST
Non-adherence to timelines under IBC a major concern, says govt official
The code, which became fully operational in December 2016, provides for a market-determined and time-bound insolvency resolution process.
Dec 27, 2018, 14:27 PM IST
IFCI gets Rs 492 cr for Binani Cement resolution under IBC
On November 14, Aditya Birla Group firm UltraTech Cement won bid to acquire debt-ridden Binani Cement.
Nov 27, 2018, 11:26 AM IST
Cabinet clears amendments to bankruptcy code
A 14-member Insolvency Law Committee had made suggestions to the Ministry of Corporate Affairs, including addressing woes of home buyers and making recoveries easier for lenders.
May 23, 2018, 17:34 PM IST
To avoid future frauds, need to rethink PSB's ownership: Arvind Subramanian
He said that we need to have radical agenda for reform of the banking sector if we want these things not happen in future.
Mar 23, 2018, 00:02 AM IST
IBC mechanism used actively to resolve bad loan problem: Economic Survey
Insolvency and Bankruptcy Code has provided a resolution framework that will help corporates clean up their balance sheets and reduce debts.
Jan 29, 2018, 14:23 PM IST
Parliament passes amendments to insolvency bill to bar defaulters from bidding process
The bill seeks to replace an ordinance which was promulgated in November to prevent unscrupulous persons from misusing or vitiating the provisions of the Insolvency and Bankruptcy Code (IBC).
Jan 02, 2018, 19:13 PM IST
Bankruptcy code can help deepen bond markets: Sebi chairman
Capital markets regulator Sebi chairman Ajay Tyagi on Saturday expressed hope that the Insolvency and Bankruptcy Code (IBC) will help boost investor confidence and encourage fund inflows into the corporate bonds market, especially in low-rated instruments.
Aug 19, 2017, 15:27 PM IST
Banks may have to take 60% haircut on 12 largest NPAs: Crisil
The strong steps taken by Reserve Bank to resolve NPAs are likely to raise provisioning by a whopping 25 per cent this year as lenders will take up to 60 percent hair cut while resolving these accounts.
Jun 26, 2017, 16:46 PM IST
