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    • Economic Survey 2022: Cases worth Rs 1.48 lakh crore rescued under IBC; Rs 52,000 crore sent for liquidation

      In value terms, around 74 percent of distressed assets were rescued. Of the CDs sent for liquidation, three-fourth were either sick or defunct and of the firms rescued, one-third were either sick or defunct, the Survey said.

    • Financial creditors may realise Rs 55,000-60,000 crore through IBC in FY22: Report

      The realisation for financial creditors from the resolution of Corporate Insolvency Resolution Process (CIRP) under the IBC declined significantly in FY2021 with a total resolution amount of around Rs 26,000 crore, almost a quarter of the realisations in FY2020, the agency said.

    • Macro@Moneycontrol | SC upholds IBC Amendments

      Supreme Court on August 9 upheld the amendment in the Insolvency and Bankruptcy Code that confers them the status of financial creditors under IBC

    • President approves promulgation of Insolvency and Bankruptcy Code (Amendment) Ordinance

      The Ordinance provides significant relief to homebuyers by recognising their status as financial creditors

    • Cabinet clears ordinance to amend Insolvency and Bankruptcy Code

      Homebuyers to be given status of financial creditors enabling them to invoke the insolvency code against builders for project delays

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