Bankruptcy Code

The Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of NARCL for takeover of the twin Srei firms under Insolvency and Bankruptcy Code.

Total 1,999 insolvency cases were going on as of June 2022: Govt

The resolution for corporate debtors is done under the Insolvency and Bankruptcy Code which provides for resolution through a market-driven process.

Three major initiatives by PM Modi for transforming Indian businesses

The small and medium enterprises will be the new engines of growth of the economy.

International insolvency in India has a long way to go

IBC may have had an enabling provision with respect to cross border bankruptcy, but more work needs to be done

Insolvency Resolution | Endless delays the Achilles heel of bankruptcy law

While improving NCLT infrastructure is a welcome move, the lack of adequate information utilities have handicapped the bankruptcy law.

CXO Corner | New government should continue strengthening already introduced reforms

Immediate reform measures include widening tax base, lowering tax rates, promoting Make in India and focusing on the Smart Cities Mission.

Opinion | How fast can the Indian economy grow?

Although there are signs that the inflation targeting framework is working, policymakers would do well to not declare victory in a hurry

Opinion | Essar Steel: Bankruptcy delayed is resolution denied

Many cases are embroiled in endless litigation and there isn’t enough institutional infrastructure to deal with this deluge. It's up to the government to boost institutional capacity and support the courts

Govt looks to double the number of benches at NCLT as bankruptcy cases mount

Around 9,000 cases are pending with the NCLT benches for insolvency and other routine cases

Bhushan Steel auction: NCLAT asks Tata Steel, others to respond on Neeraj Singhal's charges

Singhal, promoter of Bhushan Steel, has alleged that the Tata company's takeover of Bhushan Steel is against the Bankrupcty Code

Macro@Moneycontrol | How Binani Cement saga is challenging the bankruptcy code

The Binani Cement case has turned out to be a test of India’s recently implemented Insolvency and Bankruptcy Code

New IBC provisions to deepen losses for banks: Report

"Promoters of most large steel companies were quite intent to regain control and did appear to offer the most competitive bid during the resolution process but are barred from doing so now," domestic brokerage Kotak Securities said in a report today.

Individual businesses to soon be under ambit of bankruptcy code

The government on Tuesday widened the scope of insolvency rules to bring individual businesses under its ambit.

Reliance Communications to challenge Ericsson's insolvency petition

Ericsson has also filed similar petitions against RCom subsidiaries, Reliance Infratel and Reliance Telecom, for recovery of Rs 534.75 crore and Rs 129.34 crore, respectively, the filing added.

Insolvency law aims at saving promoters not banishing them: FM

The new regulations are viewed by some as giving upper hand to lenders who are reeling under Rs 8 lakh crore of non- performing assets (NPAs) or bad loans.

Why the banking ordinance belies expectations

The ordinance announced on Friday lacks adequate substance and can be considered as incrementalism at best.

SC raises concerns over NPA ordinance; asks govt to disclose names of big defaulters

While many are congratulating the government on the new ordinance on bad loans, the Supreme Court has raised concerns over it.

Debt recovery: Banks use Bankruptcy Code to crack down on companies with loan defaults

One such company is Bharati Shipyard, where lenders plan to use the bankruptcy code and file a case with National Companies Law Tribunal (NCLT), according to sources. They may appoint E&Y as resolution professional.

Bankruptcy Code to help improve ease of doing business: Arjun Ram Meghwal

The Insolvency and Bankruptcy Code is a key economic reform that will facilitate the ease of doing business, Union Minister Arjun Ram Meghwal said today.

Bankruptcy Code to improve ease of doing business: IBBI

Providing the first possible avenue to resolve insolvency in a market-determined and time-bound manner, the Insolvency and Bankruptcy Code will help improve ease of doing business as well as develop the debt market, says IBBI Chairperson M S Sahoo.

2016 was a year of reforms in corporate law

With the landmark legislation, the Insolvency and Bankruptcy Code, 2016 (Code) in its place, the country has now a single comprehensive legislation for dealing with varied facets of insolvency and bankruptcy

Big Deal: Decoding bankruptcy law!

Nisha Poddar of CNBC-TV18 discusses insolvency and bankruptcy code with the panel of experts who have been working on this issue and can throw more light on the complexities of this law.

Private wealth on course to touch Rs 558 trillion by 2022

Karvy Private Wealth today said individual wealth grew 8.5 per cent to race past Rs 300 trillion mark at the end of 2015-16, driven by faster-clipped growth in physical assets, and will grow to Rs 558 trillion in the next five years.