Ibc

The CIIRP will be different from the corporate insolvency resolution process CIRP, which comes into effect after the National Company Law Tribunal (NCLT) passes an order to initiate insolvency proceedings against a bankrupt company.

Essar Steel insolvency in focus as acquisition by ArcelorMittal Nippon Steel India questioned before NCLT

If allegations regarding stamp duty are upheld, potential liabilities for ArcelorMittal Nippon Steel India could run into thousands of crores, factoring in both duty and penalties.

IBC 2025: Ambitious reforms undermined by institutional weakness

The IBC Amendment Bill 2025 proposes major reforms to expedite insolvency resolution and empower creditors, but its success hinges on strengthening the NCLT’s capacity and addressing persistent institutional shortcomings

IBC Rewired: Practical fixes for a complex economy

Nearly a decade of insolvency law’s operation has shown that there are loopholes in its design which limit its potential benefit. The recently introduced amendment bill seeks to resolves key jurisprudential conflicts, streamline procedures, and empower creditors

IBC Amendment Bill brings in essential reform to speed up insolvency resolution

The underlying principle of IBC is that quick resolutions are more likely to preserve value in firms going through an insolvency process. The track record, however, is of timelines being breached frequently. The amendment bill tries to find a solution to delays and simultaneously empower creditors

Lenders prioritized over government’s dues in IBC Amendment Bill, guarantors can't disrupt insolvency

The bill extends the role of the committee of creditors to liquidation process as well, which was earlier restricted to resolution alone. It also proposes to now allow creditors to include assets belonging to corporate or personal guarantors as part of ongoing insolvency process.

India’s Distressed Asset Market: Ready for growth

The IBC and new RBI frameworks are transforming India’s distressed asset market, improving transparency, recovery rates, and investor confidence, while regulatory reforms and strategic partnerships create growing opportunities for global private equity participation

Fit case to recall judgment, consider matter afresh: SC bench on JSW Steel and lenders' plea

The comments by the apex court bench brought relief to stakeholders of JSW Steel, with the shares of JSW Steel at the day's high soon after the hearing commenced.

Oberoi Realty-backed consortium picked by lenders for insolvency resolution of Mumbai’s Hotel Horizon

Under the resolution plan, the consortium will pay various creditors a total of Rs 919 crore, although the amount may rise.

Data Story: IBC showed big success in FY25, but its failures are bigger

As of March 2025, the average time for a bankruptcy case from commencement date to approval of resolution plan was a whopping 865 days.

The never ending CIRP process: Why the IBC needs better coordination

Experts say a multi-pronged approach such as strengthening enforcement against non-cooperating promoters, improving coordination among statutory authorities, etc, is required to ensure that the mandatory timeline is not violated.

Apex court’s ruling in JSW-Bhushan Power case casts no aspersions on IBC, say officials

The verdict had triggered questions over whether the court's ruling casts a shadow over the broader insolvency regime, which has been a centrepiece of India’s economic reform since its enactment in 2016.

NCLT asks JSW Steel, lenders to present plan to reverse JSW Steel’s Bhushan Power takeover in May 26 hearing

Tribunal asks JSW, lenders to present concrete steps by May 26 to comply with Supreme Court's directions on resolution plan reversal

Revamped IBC regulations can further streamline liquidation and ease supervision, say experts

Experts said in order to simplify and consolidate the regulations - which could lead to faster completion of CIRP - the IBBI should club regulations pertaining to administrative matters.

IBC amendment bill likely during in monsoon session, Cabinet nod by end of April, say government officials

The IBC amendment Bill is likely to introduce group insolvency and cross-border insolvency, as well as the creditor-led resolution process (CLRP) framework, in order to enable out-of-court settlement for large companies.

What the latest IBC data tell us on recovery rates

Recovery rate from IBC deals kept falling as delayed resolutions proved costly.

IBC’s section on protecting creditors from fraudulent applications is anomalous

If Parliament actually intended to prevent one creditor from filing an application with an intent to defraud other creditors, then a new sub-section has to be added which clearly stipulates the consequences of such an application. Parliament has to step in to rectify the error which persists

Next IBC reform should focus on speeding up resolution process: CEA Nageswaran

Speaking at the eighth annual day of the IBBI, Nageswaran said, "The next step for IBC reform is to improve operational efficiencies, to speed up the resolution process..."

IBC recovers 84% of fair value, not responsible for delay in admission by creditors: IBBI Chairman

The recoveries under IBC stand at 31-32 percent of the admitted claims

Banks are left nearly bald after IBC haircuts; what's the cure?

The recovery track record of banks in the insolvency process has been poor. Losses incurred in corporate lending imply big sacrifices made by shareholders.

Rethinking Section 29A of IBC to get the best out of a resolution process

The challenge of business recovery lies in balancing regulatory protections with realistic opportunities for revival. It is important to recognise that not all distressed companies are beyond repair, and not all promoters are incapable of restoring their businesses to health. One potential solution is to implement a tiered system within IBC’s Section 29A that allows for exceptions based on the promoter's past performance/conduct in business and their proposed resolution plan

Will the government walk the talk on IBC reforms announcements?

In the Budget, FM Nirmala Sitharaman announced a slew of measures to make the IBC process faster. That’s great news to de-clog the system, provided execution is proper

Tribunals, tech support to make IBC smarter and faster in resolution: Experts on Budget proposal

Tech platform under IBC may enhance effectiveness and quick handling of cases,On February 25, 2015, in the Union Budget 2015-16, the then Finance Minister Arun Jaitley announced the formation of a comprehensive bankruptcy code of global standards. Further, Jaitley introduced the Insolvency and Bankruptcy Code, 2015, in the sixteenth Lok Sabha. say experts.

Government to establish additional tribunals, integrated technology system for IBC, says FM Sitharaman

The IBC has dissolved more than 1000 companies, resulting in direct recovery of Rs 3.3 lakh crore, FM Sitharaman added.

Govt likely to decriminalise 14 provisions in Companies Act, IBC, Competition Act

The decriminalisation of these Acts is likely to be a part of Jan Vishwas Bill II. The next edition of the Jan Vishwas Bill is likely to decriminalise a total of over 100 provisions in various Acts, including the Income-Tax Act.