Summary of changes proposed in insolvency laws
To strengthen the functioning of the IBC, changes to the Code are being considered in relation to the admission of...
CIRP
Insolvency regulator proposes early liquidation of defunct corporate debtors
Why waste time in trying to go for resolution of a corporate debtor which is defunct and has no or...
Issuer can submit claims if bank guarantee is invoked during CIRP, clarifies Insolvency regulator
Should a live Bank Guarantee (BG) or Letter of Credit (LC) be considered as claims in a corporate insolvency resolution...
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)...
Financial creditors recover only 10% of claims in 23 resolutions during Oct-Dec quarter
In the October-December 2020 quarter, 23 Corporate Insolvency Resolution Processes (CIRPs) yielded resolution plans helping banks and other financial institutions...
No relationship between size of debt and delay in resolution under IBC, says IBBI study
Inordinate delay in the resolution process is one of the biggest challenges that the insolvency and bankruptcy regime in the...
Resolution professional seeks ‘immunity’ after FIRs by Bhatia Coke and Energy promoters
The Chennai bench of NCLT has ordered the Madhya Pradesh and Tamil Nadu police to not take action on FIRs...
Post-Ruchi Soya, Sebi rethinks exemptions given to listed CIRP companies
The unexpected surge in Ruchi Soya share prices post-acquisition by Patanjali Ayurveda Ltd has forced the Securities and Exchange Board...