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  • 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.

  • NBCC: the government’s newest milch cow Mar 05, 2020 09:28 AM IST

    NBCC: the government’s newest milch cow

    The market reacted negatively to the news of NBCC getting the Jaypee Infratech project, taking the stock to Rs 26, a level it had last seen in August 2014

  • Amendments to insolvency law must be dropped: Homebuyers Feb 24, 2020 07:28 PM IST

    Amendments to insolvency law must be dropped: Homebuyers

    The Standing Committee on Finance held a meeting with representatives of homebuyers on February 24 to give them a hearing on the proposed changes in the IBC.

  • JSW Steel’s Bhushan Power buy coincides with tough steel market conditions Feb 19, 2020 11:05 AM IST

    JSW Steel’s Bhushan Power buy coincides with tough steel market conditions

    The NCLAT verdict clears the path for JSW Steel to acquire Bhushan Power & Steel, giving it a large steel plant in Odisha

  • Chart of the Day | IBC recoveries fall Feb 18, 2020 11:16 AM IST

    Chart of the Day | IBC recoveries fall

    Overall, banks have recovered around Rs 1.5 lakh crore, at a recovery rate of 43 percent since the IBC process started.

  • Policy | Will 2020 mark a positive shift in India’s corporate governance? Jan 03, 2020 02:03 PM IST

    Policy | Will 2020 mark a positive shift in India’s corporate governance?

    A study showed markets mostly rewarded more stable and better governed companies.

  • A wake-up call from a friend of India Jan 03, 2020 09:47 AM IST

    A wake-up call from a friend of India

    The economy is too fragile to be burdened with a disruptive programme such as the NRC

  • What the data says about IBC, banks and recovery Jan 01, 2020 09:23 AM IST

    What the data says about IBC, banks and recovery

    The headline numbers suggest that recovery rates have been very good but a drill down shows it’s not all rosy

  • IBC taking the road less travelled, and that’s making all the difference Dec 30, 2019 10:49 AM IST

    IBC taking the road less travelled, and that’s making all the difference

    Three years since notified, the bankruptcy code is diving into uncharted waters hands-on and getting robust with each experience

  • Banking wrap 2019: The year of mergers, scams and recoveries  Dec 17, 2019 09:36 AM IST

    Banking wrap 2019: The year of mergers, scams and recoveries 

    India's banking sector witnessed a number of paradigm-changing developments this year. Here's a list of top five changes that dominated the sector in 2019:

  • ArcelorMittal completes acquisition of Essar Steel Dec 16, 2019 05:47 PM IST

    ArcelorMittal completes acquisition of Essar Steel

    According to a release, the company has also established a joint venture with Nippon Steel called ArcelorMittal Nippon Steel India (AM/NS India), which will own and operate Essar Steel.

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