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  • NCLT grants DGCA time till March 2 for Jet Airways slots Feb 26, 2021 10:49 AM IST

    NCLT grants DGCA time till March 2 for Jet Airways slots

    In September 2020, DGCA and the Ministry of Civil Aviation had said that the slots were temporarily allotted to other airlines.

  • Jet Airways proposed resolution to pay off Rs 1,118 crores in 5 years, public stake to fall to 0.21% Feb 24, 2021 01:05 PM IST

    Jet Airways proposed resolution to pay off Rs 1,118 crores in 5 years, public stake to fall to 0.21%

    The Kalrock-Jalan consortium was declared the winning bidder for Jet Airways by the creditors' committee in October last year.

  • Debt-ridden Altico's Board approves settlement plan with lenders Feb 24, 2021 09:35 AM IST

    Debt-ridden Altico's Board approves settlement plan with lenders

    Subsequent to sale of its assets, Altico will surrender its NBFC license to RBI

  • Analysis | SC ruling on IBC augurs well for bad loans-hit banks Jan 20, 2021 02:32 PM IST

    Analysis | SC ruling on IBC augurs well for bad loans-hit banks

    Potential acquirers don’t need to worry now about criminal proceedings post resolution

  • Minimum 100 homebuyers must to file insolvency application against defaulting real estate developer: SC Jan 19, 2021 08:45 PM IST

    Minimum 100 homebuyers must to file insolvency application against defaulting real estate developer: SC

    The Supreme Court upheld the validity of IBC Act 2020, saying sections 3 and 10 of the Act do not violate the right to equality under Article 14 of the Constitution. However, homebuyers say decision is a big blow as it will now be difficult to initiate IBC proceedings against builders.

  • How to prevent a logjam of insolvency infrastructure Jan 12, 2021 01:50 PM IST

    How to prevent a logjam of insolvency infrastructure

    Since the government's effort has been towards increasing the ease of business, it would be prudent to establish mechanisms that enable interested parties to conclude proceedings speedily

  • Panel recommends changes to Insolvency and Bankruptcy Code through an ordinance: Report Jan 09, 2021 10:02 AM IST

    Panel recommends changes to Insolvency and Bankruptcy Code through an ordinance: Report

    The panel, led by Insolvency and Bankruptcy Board of India (IBBI) chairperson MS Sahoo, has invited public comments on the proposed amendments.

  • SC transfers all pleas against lenders invoking personal guarantees by promoters to itself Oct 29, 2020 01:31 PM IST

    SC transfers all pleas against lenders invoking personal guarantees by promoters to itself

    It has also directed that High Courts will not entertain any new petitions in this regard

  • Oaktree Capital offers Rs 28,000 crore for entire DHFL portfolio: Report Oct 19, 2020 03:51 PM IST

    Oaktree Capital offers Rs 28,000 crore for entire DHFL portfolio: Report

    Oaktree Capital is said to have offered the highest recovery for lenders by far and maybe a natural choice. However, banks are planning to negotiate the offer higher and would hold discussions with the bidders over this week

  • Adani Group, Piramal among 4 bidders for DHFL, lenders stare at over Rs 60,000 crore write-off Oct 18, 2020 07:59 PM IST

    Adani Group, Piramal among 4 bidders for DHFL, lenders stare at over Rs 60,000 crore write-off

    DHFL was the first finance company to be referred to NCLT by the RBI using special powers under section 227.

  • Big Story | Government extends IBC suspension by 3 months Sep 25, 2020 06:57 PM IST

    Big Story | Government extends IBC suspension by 3 months

    Earlier this year, the government had suspended fresh bankruptcy filings under the IBC for a period of 6 months starting March 25, 2020, corresponding with the announcement of the nationwide lockdown.

  • Delhi HC stays IBC proceedings against Anil Ambani in Rs 1,200 crore loan default case Aug 27, 2020 01:37 PM IST

    Delhi HC stays IBC proceedings against Anil Ambani in Rs 1,200 crore loan default case

    Anil Ambani earlier moved the Delhi High Court against the appointment of a resolution professional (RP) on the personal guarantee given by him against a loan taken by Reliance Communications Ltd (RCom) and Reliance Infratel Ltd (RITL) from SBI.

  • RBI rejects resolution plan to sell Aircel's assets to UVARC: Report Aug 26, 2020 02:26 PM IST

    RBI rejects resolution plan to sell Aircel's assets to UVARC: Report

    The RBI said the Aircel resolution plan did not conform to the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act, 2002

  • Sebi trains gun on IBC loopholes Aug 20, 2020 01:15 PM IST

    Sebi trains gun on IBC loopholes

    Sebi’s proposals seek to prevent a repeat of the embarrassing spike in Ruchi Soya’s share price, improve post-resolution disclosures and includes a sop for acquirers

  • IL&FS board upgrades estimates of debt addressed to over Rs 57,000 crore Jul 20, 2020 12:49 PM IST

    IL&FS board upgrades estimates of debt addressed to over Rs 57,000 crore

    Aggregate value of debt being addressed is now estimated as over Rs 57,000 crore – with around Rs 50,500 crore likely to be addressed by March 2021

  • COVID-19 impact | Recoveries from stressed assets may slip 30-40%, says ICRA Jun 04, 2020 04:43 PM IST

    COVID-19 impact | Recoveries from stressed assets may slip 30-40%, says ICRA

    New insolvency proceedings initiated in FY22 are unlikely to get resolved in the same fiscal, ICRA said in a report.

  • Cabinet approves six-month IBC holiday for NPAs; what will be the impact on banks? Jun 03, 2020 03:44 PM IST

    Cabinet approves six-month IBC holiday for NPAs; what will be the impact on banks?

    This will be applicable for NPAs (non-performing assets) after March 25. This was one of the proposals Finance Minister Nirmala Sitharaman had announced in her series of press conferences on the Rs 20 lakh crore economic package.

  • What does the IBC data tell us about the state of Indian economy? May 27, 2020 12:12 PM IST

    What does the IBC data tell us about the state of Indian economy?

    Of the total 12 cases that were directed to the Insolvency and Bankruptcy Court by the Reserve Bank of India (RBI) in 2017, a resolution has been arrived in six cases while liquidation orders were passed against two companies.

  • Chart of the day | Liquidation trumps resolution under IBC May 27, 2020 10:24 AM IST

    Chart of the day | Liquidation trumps resolution under IBC

    Even as the number of cases filed under the corporate insolvency process keeps rising, liquidation occurs more often

  • Suspension of IBC: It’s a half-baked solution to ease financial stress May 19, 2020 09:41 AM IST

    Suspension of IBC: It’s a half-baked solution to ease financial stress

    Even in developed jurisdictions, none have suspended ability of debtor companies to submit themselves to the insolvency process

  • Explainer | FM’s ‘no fresh insolvency’ offer comforts builders, but what about homebuyers? May 19, 2020 07:55 AM IST

    Explainer | FM’s ‘no fresh insolvency’ offer comforts builders, but what about homebuyers?

    Measure does little to boost housing sales and may curtail remedies available to homebuyers, say legal experts

  • COVID-debt clause in economic package likely to worsen banking mess May 17, 2020 03:57 PM IST

    COVID-debt clause in economic package likely to worsen banking mess

    What does ‘COVID-related debt’ mean for the banking sector? How does a bank decide whether a loan is defaulted due to the coronavirus pandemic or not? To begin with, there are chances of rampant misuse of the definition by companies.

  • Suspending bankruptcy law will cause more harm than good Apr 28, 2020 11:41 AM IST

    Suspending bankruptcy law will cause more harm than good

    The main advantage of the IBC is that it lays out a clearly defined process that seeks to keep the business as a going concern

  • Policy | The Insolvency and Bankruptcy Code is needed now more than ever Apr 22, 2020 11:58 AM IST

    Policy | The Insolvency and Bankruptcy Code is needed now more than ever

    The current crisis demands not the suspension of the IBC, but a shift from the presumption against the promoters and management as the wrong-doers, and consequently the suspension of Section 29A of the code

  • Government mulls review of bankruptcy code: Report Mar 16, 2020 03:07 PM IST

    Government mulls review of bankruptcy code: Report

    The government is reportedly considering forming dedicated NCLT benches to handle insolvency proceedings.

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