IBC

Pre-packaged IBC deals may get going soon to reduce pressure on NCLT

Pre-packaged IBC deals may get going soon to reduce pressure on NCLT

The government may soon introduce a new pre-packaged resolution plan for stressed assets to provide a seamless system to address bankrup...Read More

Banks need effective steps to curb stress as IBC suspension gets extended

Banks need effective steps to curb stress as IBC suspension gets extended

In a bid to provide relief to stressed businesses amid the pandemic, the suspension on fresh insolvency proceedings under the Insolvency ...Read More

Govt extends suspension of fresh proceedings under insolvency law for 3 months

Govt extends suspension of fresh proceedings under insolvency law for 3 months

The six-month period of suspension, which was effective from March 25, was to end on Thursday.

Delhi HC seeks Centre's response on plea by Bhushan Power and Steel ex-chief against IBC proceedings

Delhi HC seeks Centre's response on plea by Bhushan Power and Steel ex-chief against IBC proceedings

The Delhi High Court has sought a response from the Centre and others on a petition filed by ex-Chairman of Bhushan Power and Steel Ltd. ...Read More

Parliament clears IBC amendments to protect stressed companies amid COVID-19

Parliament clears IBC amendments to protect stressed companies amid COVID-19

Parliament on Monday approved the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 to protect COVID-19-stressed companies fro...Read More

Parliament passes bill to amend the Insolvency and Bankruptcy Code

Parliament passes bill to amend the Insolvency and Bankruptcy Code

The Parliament on Monday passed a bill that temporarily suspends initiation of corporate insolvency resolution process under the IBC, for...Read More

Capital conservation for banks important as moratorium ends: Report

Capital conservation for banks important as moratorium ends: Report

State-owned banks need to be recapitalised or given the alternative of capital conservation as one-year suspension under insolvency and b...Read More

Govt promulgates ordinance to amend insolvency law

Govt promulgates ordinance to amend insolvency law

Default on repayments from March 25, the day when the nationwide lockdown began to curb coronavirus infections, would not be considered f...Read More

Cabinet clears amendments to insolvency law

Cabinet clears amendments to insolvency law

New Delhi: The Union Cabinet on Wednesday approved changes to the insolvency law, including provision to ring- fence successful resolutio...Read More

Govt plans to amend IBC to provide immunity to companies taking over stressed assets from prosecution

Govt plans to amend IBC to provide immunity to companies taking over stressed assets from prosecution

New Delhi: The government plans to amend the Insolvency and Bankruptcy Code (IBC) to provide immunity to companies taking over stressed a...Read More

'We are not a suitcase-carrying government': Nirmala Sitharaman

'We are not a suitcase-carrying government': Nirmala Sitharaman

Speaking at the International Business Conference of Nagarathar, she said: "For Budget 2019, I did not carry a suitcase. We are not a sui...Read More

Government okays IBC amendments, ups resolution time limit to 330 days

Government okays IBC amendments, ups resolution time limit to 330 days

Experts said the changes would help in clearing various road blocks for resolution process and smoothen the process as well as save time.

Debt recovery mechanism strengthened with IBC, claims of Rs 1.73 lakh crore settled: Eco Survey

Debt recovery mechanism strengthened with IBC, claims of Rs 1.73 lakh crore settled: Eco Survey

It said the ecosystem for insolvency and bankruptcy is getting systematically built out with recovery and resolution of significant amoun...Read More

Economic Survey 2018-19: Claims worth over Rs 1.73 lakh crore settled under IBC

Economic Survey 2018-19: Claims worth over Rs 1.73 lakh crore settled under IBC

New Delhi: The corporate insolvency resolution process yielded a resolution of 94 cases till March 31 which has resulted in the settlemen...Read More

ABG Shipyard initiates liquidation process under IBC

ABG Shipyard initiates liquidation process under IBC

New Delhi: Debt-ridden ABG Shipyard has announced commencement of the liquidation process under the Insolvency and Bankruptcy Code.  “NCL...Read More

‘Effective steps’ on anvil to deal with frivolous bids under IBC: Official

‘Effective steps’ on anvil to deal with frivolous bids under IBC: Official

New Delhi: The government will soon come out with “effective steps” to deal with instances where entities back out after making frivolous...Read More

SC upholds constitutional validity of IBC in entirety

SC upholds constitutional validity of IBC in entirety

Delhi: The Supreme Court upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC), thus striking down a batch of pl...Read More

Sec 29 (A) of IBC ‘stretched too far’, needs clarity: SBI chief

Sec 29 (A) of IBC ‘stretched too far’, needs clarity: SBI chief

Mumbai: State Bank of India’s chairman Rajnish Kumar on Thursday said Section 29 (A) of the Insolvency and Bankruptcy Code (IBC) is being...Read More

Option of marrying IBC with settlement schemes can be looked at in future: FM

Option of marrying IBC with settlement schemes can be looked at in future: FM

New Delhi: To deal with the resolution of debt-laden companies, the option of “marrying” insolvency framework with possible settlement sc...Read More

Pending corporate insolvency resolution processes on the rise

Pending corporate insolvency resolution processes on the rise

Staff Reporter : The increasing number of pending corporate insolvency resolution processes under The Insolvency and Bankruptcy Code (IBC...Read More

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