 | Challenges posed by insolvency in real estate sectorThe status of a homebuyer has been alleviated to the status of the financial creditor and can bring proceedings against the alleged defaulter. |
 | Adani, KKR, Piramal among 14 prominent bidders for Reliance CapitalThe 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. |
 | Videocon Group insolvency: NCLAT junks Anil Agarwal-led firm's takeover, calls for fresh bidsThe tribunal said that provisions of the Insolvency and Bankruptcy Code have not been complied with during the corporate insolvency resolution process of Videocon. |
 | Government proposes framework for cross-border insolvency; seeks comments till December 15The corporate affairs ministry, which is implementing the Insolvency and Bankruptcy Code (IBC), has sought comments on the draft framework till December 15. |
 | Building a tiger economy in India: Daunting but doableSince 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. |
 | Lot more room for improvement in IBC: CrisilThe 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. |
 | Tracing the evolution of Bankruptcy CodeThere 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 |
 | Recoveries under IBC only one-third of claims, process needs stronger push: Crisil RatingsIt 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. |
 | No takers for seaplane two years after Federal Bank took possession of Kochi-based companyFor 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. |
 | Hyderabad's National Company Law Tribunal pulled up in Viceroy Hotels caseA 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. |
 | Resolution plan if cleared can’t be withdrawn, says SCThe apex court also said that the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC) has to be completed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. |
 | Need objective assessment of working of insolvency law: IBBI chiefM 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. |
 | 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. |
 | Feudalism of corporate debtors gone after IBC implementation: CEA KV SubramanianOnce 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. |
 | Insolvency and Bankruptcy Bill enables efficient resolution framework: FM Nirmala SitharamanThe Insolvency and Bankruptcy Code (Amendment) Bill, 2021 provides for a pre-packaged insolvency resolution mechanism for micro, small and medium enterprises. |
