Insolvency and Bankruptcy Code

Challenges posed by insolvency in real estate sector

The status of a homebuyer has been alleviated to the status of the financial creditor and can bring proceedings against the alleged defaulter.

published on : 5th April 2022

Adani, KKR, Piramal among 14 prominent bidders for Reliance Capital

The bidders have two options - either they can bid for the entire RCL or any one or more than one of the eight subsidiaries of the NBFC firm.

published on : 13th March 2022

Videocon Group insolvency: NCLAT junks Anil Agarwal-led firm's takeover, calls for fresh bids

The tribunal said that provisions of the Insolvency and Bankruptcy Code have not been complied with during the corporate insolvency resolution process of Videocon.

published on : 5th January 2022

Government proposes framework for cross-border insolvency; seeks comments till December 15

The corporate affairs ministry, which is implementing the Insolvency and Bankruptcy Code (IBC), has sought comments on the draft framework till December 15.

published on : 26th November 2021

Building a tiger economy in India: Daunting but doable

Since 2015, except for the Covid-19 impacted period, India has been the fastest-growing major economy and according to IMF projections is expected to remain so in the immediate years ahead.

published on : 25th November 2021

Lot more room for improvement in IBC: Crisil

The new Insolvency law, which came into existence in 2016, is a complete shift from the earlier laws as unlike the earlier laws, IBC gives the creditors full control of the recovery process.

published on : 5th November 2021

Tracing the evolution of Bankruptcy Code

There is a lot of pendency at both the NCLT and NCLAT due to unfulfilled vacancies, and more than 70% of cases are not resolved within the 180-day timeline

published on : 5th November 2021

Recoveries under IBC only one-third of claims, process needs stronger push: Crisil Ratings

It can be noted that the commentary from the leading credit rating agency comes amid concerns raised over low recoveries of about 5 per cent in recent high-value cases.

published on : 3rd November 2021

No takers for seaplane two years after Federal Bank took possession of Kochi-based company

For the auction of the 'Quest Kodiak' aircraft, manufactured by P&W Canada, the IBC has put a reserve price of about Rs 5.45 crore.

published on : 30th October 2021

Hyderabad's National Company Law Tribunal pulled up in Viceroy Hotels case

A division bench suspended the orders passed by the NCLT on September 1, 2021. It may be recalled that CFM Asset Re-construction Pvt. Ltd. had submitted a bid for Rs 185 crore for the Viceroy Hotels.

published on : 19th September 2021

Resolution plan if cleared can’t be withdrawn, says SC

The apex court also said that the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC) has to be completed within the 330-day deadline.

published on : 14th September 2021

Need objective assessment of working of insolvency law: IBBI chief

M S Sahoo's remarks come against the backdrop of diverse views being expressed on the overall impact of the Insolvency and Bankruptcy Code (IBC), which came into force in 2016.

published on : 2nd September 2021

Why insolvency regulator wants code of conduct for bankers?

Paying heed to the demand of several stakeholders, the insolvency regulator has finally released a code of conduct for the committee of creditors.

published on : 28th August 2021

Feudalism of corporate debtors gone after IBC implementation: CEA KV Subramanian

Once a stressed company is admitted for resolution under the IBC, the Committee of Creditors (CoC) will be in charge and the company's affairs are managed by a resolution professional.

published on : 27th August 2021

Insolvency and Bankruptcy Bill enables efficient resolution framework: FM Nirmala Sitharaman

The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 provides for a pre-packaged insolvency resolution mechanism for micro, small and medium enterprises.

published on : 4th August 2021
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