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...
Liquidation
For success of sale as Going Concern under liquidation, more process rationalisation needed
Satyam Poddar Sale of a corporate debtor as Going Concern under liquidation process is needs further rationalisation of the processes...
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...
Insolvency regulator proposes part resolution of corporate debtor’s assets, business
The insolvency regulator and the government, in order to make resolution under the Corporate Insolvency Resolution Process (CIRP) more viable,...
“Don’t shy away from liquidating ineffective companies”
An effective insolvency legislation should not shy away from liquidating ventures, M Rajeshwar Rao, deputy governor of Reserve Bank of...
Govt proposes sweeping changes to strengthen the liquidation process
In a consultation paper floated on 27 August 2021, the insolvency regulator in India – Insolvency and Bankruptcy Board of...
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...
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’...
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...
83% of default cases getting resolved before going into CIRP: Economic Survey
The Insolvency and Bankruptcy Code (IBC) has brought about significant behavioural changes among the creditors and debtors thereby redefining debtor-creditor...