How countries are shielding businesses from insolvency in times of Covid-19
Even as India’s central bank – Reserve Bank of India (RBI) – on today announced a slew of measures to...
Day: August 6, 2020
New resolution plan offers additional credit, tenure extension, debt conversion facilities to corporate debtors
The separate resolution plan for corporate borrowers announced by the Reserve Bank of India (RBI) today will have steps like...
Banks can restructure loans of covid-hit MSMEs without asset downgrade
Existing loans to MSMEs facing stress due to Coronavirus-related restrictions could be restructured without a downgrade in the asset classification....
RBI moots new resolution plan for Corona-hit personal loan borrowers
The Reserve Bank of India (RBI) moots a separate resolution plan to deal with personal loan borrowers facing financial stress...
NCLT rejects plea to start insolvency proceeding against Network18 Media
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 4 August rejected a petition to start insolvency proceedings...
Cos under voluntary liquidation can replace liquidator
The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process)...