Is IBC losing its sting? Recovery rate drops to 39%
Is the Insolvency and Bankruptcy Code (IBC) losing its sting? After the recent controversies on giving backdoor entry to ‘unscrupulous’...
Year: 2021
Appellate tribunal questions NCLT’s hurry in forcing CoC to consider DHFL promoter’s settlement offer
While staying the NCLT’s 19th May order asking the administrator and the Committee of Creditors (CoC) in the Dewan Housing...
IFC to invest $100 million in JC Flowers’ India distressed assets fund
International Financial Corporation (IFC), a member of the World Bank Group, is partnering with JC Flowers & Co to help...
Invesco Mutual Fund initiates insolvency proceedings against Sintex Industries
Invesco Mutual Fund, also Invesco Asset Management (India) Private Ltd , has initiated corporate insolvency resolution process against Gujarat-based Sintex...
Resolution plan binding on Central & state govts, local authorities, says Supreme Court
The Supreme Court in an important judgement on has reiterated that once a resolution plan is duly approved by the...
No conflict between insolvency and anti-money laundering laws, says NCLAT
There is no conflict between Prevention of Money Laundering Act (PMLA) and Insolvency and Bankruptcy Code (IBC), and even if...
Why approval of fees of a professional is not treated as commercial wisdom of CoC
By Arvind Mangla In a recent judgement the Supreme Court of India in Alok Kaushik Vs Bhuvaneshwari Ramanathan and Others...
Govt unveils pre-pack regulations
The Insolvency and Bankruptcy Board of India (IBBI) releases the pre-pack regulations to be called the Insolvency and Bankruptcy Board...
53% in Canada within $200 of financial insolvency
More than 53% in Canada say that they are $200 or less from being financially insolvent, says the latest survey...
List of amendments made in IBC laws to pave way for pre-pack scheme
The President promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 on 4 April 2021, paving the way for pre-pack...