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3 mins read
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
2 mins read
Amendments to competition law likely in Budget session
A bill to amend the competition law was introduced in Parliament on August 5 last year and was late…
PTI
2 mins read
NCLT approves ₹1,814 crore resolution plan for Lavasa: Darwin Platform winning bidder
In a 25-page order passed on Friday, the tribunal cleared the resolution plan at an investment o…
PTI
1 min read
NCLT reserves order on Go First's plea for insolvency resolution proceedings
The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go Fi…
PTI
2 mins read
Govt to amend insolvency law to reduce time taken for resolution process
The corporate affairs ministry's move to amend the law also comes against the backdrop of conce…
PTI
2 mins read
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…
3 mins read
Financial creditors forego Rs 790.626 cr under insolvency resolution process: CARE Ratings
With the debt recoverable rate going down to 30.8 per cent or Rs 243,452.5 crore (lenders foregoing…
2 mins read
EXCLUSIVE: New amendment to bankruptcy law has Prashant Ruia’s personal guarantee on its radar
India’s Finance Ministry is sitting on a new amendment to the bankruptcy law. That might be a big…
2 mins read
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…
PTI
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
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
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…
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…
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…