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“Nowhere in the world do bankruptcy cases have a 330-day deadline,” says bankruptcy board chief MS Sahoo
The Supreme Court on November 15 allowed the bankruptcy courts are free to relax the 330-day deadli…
6 mins read
EXCLUSIVE: India’s bankruptcy board Chairman explains the evolution of the country's insolvency laws
India’s new bankruptcy law is providing what the country now needs - a way for creditors to gain wh…
2 mins read
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…
2 mins read
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…
4 mins read
Here’s what the bankruptcy bill all about
For starters, the bankruptcy law is aimed at unifying and overhauling rules governing the liquidati…
2 mins read
Resolution professionals can make as much as ₹1.5 lakh a month and are in demand
Economic slowdown leads to job losses, but it there is a job that will thrive during bad times — th…
2 mins read
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…
PTI
2 mins read
Here's how the government’s new debt relief scheme for small business owners will work
Individuals with an annual income of ₹60,000 or less and assets worth up to ₹20,000 are elig…
2 mins read
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…
PTI
2 mins read
India's Supreme Court slams the government for leaving the country's bankruptcy court short-staffed
Chief Justice Gogoi reportedly said that there had been delays in appointing members to the body…
1 min read
IBC saved 160 cos from premature death, says Sahoo
New Delhi, Dec 16 () The Insolvency and Bankruptcy Code (IBC) has saved 160 companies from prematur…
PTI
3 mins read
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…
1 min read
IBC reduces resolution time to 340 days from 4.3 years earlier: Eco Survey
As per the survey, the government has been proactively addressing the issues that come up in imple…
PTI
2 mins read
A new ruling on forensic audits just gave banks more power to corner stubborn borrowers
In doing so, the NCLT established a significant precedent for future cases: a 51% vote by a comp…
2 mins read
The creditors of Anil Ambani’s cash-strapped Reliance Communications are finally making it undergo bankruptcy proceedings
RCom owes around 31 creditors - mainly the State Bank of India - around ₹500 billion. The ca…
1 min read
NCLT reserves order on SBI plea against Anil Ambani to recover over Rs 1,200 cr
The public sector lender had approached the tribunal under Section 97(3) of the Insolvency and Ban…
PTI
1 min read
Confident that Parliament will pass changes in companies law: FM
The amendments in the Companies Act, 2013, also aims at reduction in penalties for certain offence…
PTI
2 mins read
IBBI will ensure regulations are 'grounded on realities', says Sahoo
New Delhi, Dec 8 () Emphasising that the insolvency law provides a new lifeline to save a company f…
PTI
2 mins read
India badly needs bankruptcy experts — and this course could be your ticket to a hot, new career
India has a huge, emerging sector for helping distressed and bankrupt companies come out of financi…