IBC

Classification of creditors under IBC

The issue of categorisation has been persisting since the inception of the Insolvency and Bankruptcy Code, 2016 because of the underlying scheme of the IBC.

published on : 24th August 2022

VIT-AP to train students on blockchain, data science

The V-C praised the content prepared by Edifypath and thanked it for giving students much-needed chance for industry exposure through their internship programmes.

published on : 19th August 2022

NCLAT upholds late filing of homebuyer claims

When the payment is received by the corporate debtor from an allottee, it becomes obliged to hand over the possession of the house and the allied liabilities.

published on : 19th July 2022

IBC mulls increased 'regional cooperation' for Pro Boxing

The IBC has started working with boxing bodies in neighbouring countries like Bangladesh and Nepal with an aim to set up 'regional cooperation in Pro Boxing.

published on : 20th May 2022

Comparing realisations with outstanding loans not reasonable to assess IBC effectiveness: RBI DG

Industrialist Harsh Goenka had alleged that public money was being "stolen" through such resolutions.

published on : 30th April 2022

IBC, TIAR announce 'people-owned' pro boxing league

The Hellsbay Fight League (HFL) is planned to be held outside India in August, and will run on a "unique concept of people's ownership".

published on : 14th April 2022

Recoveries from insolvency code shrink to 33 per cent  

Narendra Modi government’s much touted reform - the Insolvency and Bankruptcy Code (IBC) -- is floundering as recoveries under IBC continue to shrink further.

published on : 5th March 2022

Jet Airways crisis: Lenders keen on non-IBC resolution in case bidding process fails

While lenders are 'reasonably hopeful' of a successful bidding process, sources said banks are working on a plan B in case things don't progress as expected.

published on : 21st April 2019

Insolvency and Bankruptcy Code: India Inc's sudden and gradual road to freedom

Tata Steel acquired Bhushan Steel through its subsidiary for about Rs 37,000 crore in May 2018 under the IBC.

published on : 30th December 2018

Insolvency and Bankruptcy Code ordinance: Several companies say they are not 'wilful defaulters'

The government today promulgated an ordinance to bar wilful bank loan defaulters as well as those with NPA accounts from bidding in auctions being done to recover loans.

published on : 23rd November 2017

President Kovind approves bankruptcy code ordinance; defaulting company owners can't easily bid to buy back assets

The ordinance that bars wilful and habitual defaulters from bidding for stressed assets got tougher provisions to prevent any attempts by them to regain control of companies in difficulty.

published on : 23rd November 2017