Pre-pack resolution: A faster alternative to an insolvency proceeding
With the National Company Law Tribunal (NCLT) inundated with cases under the Insolvency and Bankruptcy Code (IBC) leading to unending...
Govt extends suspension of IBC by three months till December 2020
The government has decided to extend the suspension of Sections 7,9, 10 of the Insolvency and Bankruptcy Code (IBC) for...
Ex-RBI gov Raghuram Rajan bats for allowing promoters to participate in IBC proceedings
Former Reserve Bank of India (RBI) governor Raghuram Rajan and former deputy governor Viral Acharya have said in a jointly...
Just out of insolvency, Kwality Ltd now under CBI net for duping banks of Rs 1,400 crore
Another corporate debtor undergoing insolvency proceedings finds itself on the wrong side of the law. The Central Bureau of Investigation...
Creditors lose more than Rs 5 lakh crore as 950 insolvent companies go into liquidation
Could the Insolvency and Bankruptcy Code (IBC) have saved thousands of crores of banks’ money if it had worked more...
Pitfalls and impracticalities of KV Kamath Committee recommendations
The recently announced parameters by the KV Kamath Committee for companies and businesses to be eligible under new resolution framework...
Second time unlucky for Amtek Auto as DVI withdraws resolution plan
Amtek Auto, which is undergoing insolvency proceeding, proved to be second time unlucky as successful resolution applicant Deccan Value Investors...
An IBBI letter reminds government agencies of their many follies
The Insolvency and Bankruptcy Board of India (IBBI), it seems, has found an indirect way to remind government agencies like...
Suraksha ARC withdraws ‘approved’ resolution plan due to delay in legal processes
Suraksha Asset Reconstruction Ltd (Suraksha ARC), an asset reconstruction company, has withdrawn its resolution application for corporate debtor Wind World...
IPA governing board directors may be required to have certain minimum qualifications
The Insolvency and Bankruptcy Board of India (IBBI) has now proposed that the independent and shareholder directors in the governing...