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Changes in IBBI norms to prevent backdoor entry of ex-promoters in cos under liquidation: Experts

New Delhi, Jan 12 () The amendments in the IBBI regulations will prevent backdoor entry of former p…

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IBC led to recovery of just 10% of defaulted loans in non-

Speaking on a bill to further amend the Insolvency andBankruptcy Code to give protection to new own…

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Homebuyers' body urges PM to stop proposed amendment to IBC in favour of builders

New Delhi, Nov 20 () Homebuyers' body FPCE has written to Prime Minister Narendra Modi to intervene…

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Personal insolvency beginning of a 'new learning', says Sahoo

New Delhi, Dec 1 () Personal insolvency framework will be the "beginning of a new learning" and the…

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Indian banks are recovering over 1.5 times as much money under the bankruptcy code — but it's still painfully slow

It’s been three years since the Insolvency and Bankruptcy Code (IBC) was implemented, and while…

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India is tweaking its bankruptcy law to prevent successful bidders from backing out

A new policy involving a “security deposit” of sorts will likely be implemented. This will req…

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Jet Airways is headed to bankruptcy court as bankers fail to find a buyer

Jet Airways’ lenders have given up hope of saving it from bankruptcy, as they have moved th…

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Coronavirus will hit IBC realisations by 30-40% as government suspends new proceedings

The outbreak of Covid-19 pandemic and the suspension of new proceedings under the Insolvency and Ba…

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India amends bankruptcy law to protect winning bidders from paying the price for sins of the previous promoter

The IBC (Second Amendment) Bill, 2019, is likely to be introduced in the current session of the…

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Recovery through insolvency process better compared to other options: IBBI chief

Citing an RBI data, he said it indicates that in 2018-19, banks recovered 5.3 per cent, 3.5 per ce…

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Work is on to amend IBC to address cross-border insolvency: Sahoo

Mumbai, Nov 30 () Insolvency and Bankruptcy Board of India chairman M S Sahoo on Saturday said work…

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Insolvency law a 'Swachhata drive' against non-performing assets: IBBI chief

"As and when they find a problem, they try to address it as expeditiously as possible. The insolve…

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IBC provides lifeline for distressed cos: Sahoo

Exemplifying his point, Sahoo said the average life of S&P 500 companies has reportedly come d…

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India’s finance minister touts the success of the country’s recently-implemented bankruptcy code — but it still requires significant improvement

In a post titled, “Two years of insolvency and Bankruptcy Code (IBC),” Jaitley said that as much…

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Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecution

New Delhi, Nov 24 () The government plans to amend the Insolvency and Bankruptcy Code (IBC) to prov…

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Parliament passes amendments to IBC

The minister said need for amendment in the IBC arosebecause of "changing requirement" and "require…

PTI