IBC: Icra says lenders took 72 pc haircut in Q2; breach of timelines resulting in more liquidations
Indian banks are facing significant losses in corporate insolvency cases, with haircuts exceeding 70% due to delays in ...
NCLT Rules IBC Supersedes MSMED Act In Insolvency Cases
The Tribunal dismissed the Corporate Debtor's challenge to the July 15, 2024 order, ruling that the Insolvency and Bankruptcy ...
The Insolvency Code’s progress: From deep haircuts to fuller recoveries
Recent cases where creditors have recovered even more than the admitted amount under the IBC generate hope. Thank the courts ...
ndtvprofit3d
Insolvency Stays Shouldn't Mean Open Season On Assets, Experts Say
Once a firm is admitted into insolvency and a moratorium is imposed, it basically means that no judicial proceedings for ...
The Financial Express1d
Insolvency process getting only longer and more tedious; average resolution time rises to 761 days in April-Sept
Over 16 pages of the 169-page order dwelt on what the bench – comprising the outgoing chief justice DY Chandrachud and ...
Insolvency law must protect homebuyers, avoid complex resolution process
A more effective solution would be to adopt the waterfall mechanism from the FSC framework, which prioritises the interests ...
Mint2d
Jet Airways’ liquidation wasn’t the ideal way out of insolvency
The prolonged turbulence of its failing revival exposed troubling flaws in how cases are resolved under India’s Insolvency ...
cnbctv181d
BCCI to approach NCLT to withdraw insolvency proceedings against Byju's after SC setback
The NCLAT had allowed the Byju’s-BCCI settlement, but the Supreme Court on October 23 set aside an order that permitted a ...
Jet Airways insolvency: A blow to IBC’s credentials
After five years of trials and tribulations, the grounded airline Jet Airways’ wings have been clipped. Any hopes of a ...
Insolvency and Bankruptcy Board of India launches online bidding for liquidated assets to boost recovery efforts
This will maximise the liquidated value of stressed assets under the insolvency law and enhance creditors’ recovery ...
IBBI Proposes Voluntary Mediation for Operational Creditors Prior to Insolvency Applications
The IBBI suggests a mediation mechanism for operational creditors prior to insolvency applications, aiming to ease the burden ...
Tax Guru5d
IBBI Discussion Paper on Real Estate Insolvency Issues
The Insolvency and Bankruptcy Board of India (IBBI) released a discussion paper addressing key challenges in real estate insolvency cases under the Insolvency and Bankruptcy Code (IBC). Based on input ...