Parliamentary committee recommends threshold for haircuts, code of conduct for CoCs under IBC
The parliamentary standing committee on Finance has expressed its concern over low recovery rates under the Insolvency and Bankruptcy Code...
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Former promoter moves NCLAT against Twinstar’s bid for Videocon
Venugopal Dhoot, former promoter of the Videocon Group, has moved the National Company Appellate Tribunal (NCLAT) against the approval of...
IP agencies can now levy monetary penalty on insolvency professionals
The Insolvency and Bankruptcy Board of India (IBBI), the insolvency regulator, has allowed the Disciplinary Committee of an Insolvency Professional...
Important sections of Bill on pre-packaged insolvency resolution tabled in parliament
The government recently tabled the Insolvency and Bankruptcy Code (Amendment) Bill, 2021, which deals with the Pre-packaged insolvency resolution plan....
Ten is too many assignments as resolution professional, five at a time is enough?
The Insolvency and Bankruptcy Board of India, the insolvency regulator, has amended the law to put a cap on the...
IBC acquisitions contribute Rs 323 crore to JSW Steel’s Q1FY22 profits
As JSW Steel registered the highest ever quarterly revenue from operations of Rs 28,902 crores and highest ever Profit after...
Stressed steel plants acquired via IBC seeing faster turnaround: Crisil
Stressed steel plants, acquired under the Insolvency and Bankruptcy Code (IBC) resolution process are seeing faster returns. Despite pandemic-linked blips,...
India Ratings downgrades IRB Infra outlook from stable to negative
India Ratings and Research has revised IRB Infrastructure Developers Limited’s (IRB Infra) outlook to Negative from Stable while affirming its Long-Term Issuer...
IRP/RPs can appoint any professional for assistance in insolvency proceedings
A resolution professional conducting corporate insolvency resolution process (CIRP) will have to disclose all former names and registered office address(es)...
NCLAT stays implementation of Videocon resolution plan
In a setback to the resolution process of Videocon Industries and other group companies, the National Company Law Appellate Tribunal...