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’...
Liquidation
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...
Kwality Ltd goes for liquidation after CoC rejected Haldiram Snacks bid
Kwality Ltd, the Delhi-based dairy company, has been ordered to be liquidated after the insolvency proceeding failed to yield any...
CoC can reject any number of resolution plans, if it does not find them viable
No matter how many resolution plans have been submitted in a corporate insolvency resolution process (CIRP), if the Committee of...
Canara Bank clarifies exposure to Transstroy (India) only Rs 678 crore
Government-owned Canara Bank has clarified that it has a total exposure of Rs 678.28 crore in Transstroy (India) Ltd, which...
NCLT asked to deliver final verdict on Bharati Defence & Infrastructure liquidation case within a week
The National Company law Appellate Tribunal (NCLAT) has asked the Mumbai Bench of the National Company law Tribunal (NCLT) to...
On what parameters should an insolvency professional be judged? Here are some views
It has been more than four years since the Insolvency and Bankruptcy Code (IBC) came into existence. And during these...
Bankers take 80% haircut in 22 insolvency resolutions in July-September; total recovery at Rs 3,779 cr
As many as 22 CIRP resolutions were reported to the Insolvency and Bankruptcy Board of India (IBBI) in the July-September...
Liquidation process gets easier; quicker disposal of disputed assets, early exit option for creditors
In order to make the liquidation process faster, the insolvency regulator has made a couple of important amendments in the...