Insolvency And Bankruptcy Code Ibc
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Insolvency Regulator Warns Against Misuse Of IBC Provisions For Tax Avoidance, Evading Probes
IBBI has flagged potential misuse of the IBC and asked insolvency professionals to watch for red flags including creditor dominance, low competition and related-party transactions.
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Top Court Upholds Centre's Order, Permits Banks To Proceed Against Personal Guarantors Under IBC
Upholding the validity of the notification, the top court ruled that initiation of an insolvency resolution plan for a company does not absolve corporate guarantees given by individuals from paying up the dues to financial institutions.
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Supreme Court Upholds Insolvency Code, Setback For Operational Creditors
The operational creditors wanted to be treated at par with secured creditors such as banks and financial institutions.
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Credit Market's Big Worry After Bankruptcy Law Paused Over Virus Crisis
Credit investors are concerned that some weaker borrowers may use the temporary suspension of insolvency laws to delay payment
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'Rs 4 Lakh Crore Bad Loans Have Returned Due To Insolvency System'
The figure was revealed by Corporate Affairs Secretary Injeti Srinivas.
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Government Notifies New Insolvency Rules For Resolution Of Financial Service Providers
The corporate affairs ministry has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules). The latest move comes against the backdrop of financial stress faced by certain entities that are into financial services.
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Cabinet Clears Ordinance To Further Amend Insolvency Law
The bill, introduced in the Lok Sabha, seeks to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring-fenced from any risk of criminal proceedings for offences committed by previous promoters of the companies concerned.
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Cabinet Approves Ordinance For Amendment To IBC
"Under the amendments, the liability of a corporate debtor for an offence committed prior to the commencement of the corporate insolvency resolution process shall cease, and the corporate debtor shall not be prosecuted for such an offence from the date the resolution plan has been approved by the adjudicating authority," an official statement said.
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Cabinet Approves Ordinance For Amendment To IBC
"Under the amendments, the liability of a corporate debtor for an offence committed prior to the commencement of the corporate insolvency resolution process shall cease, and the corporate debtor shall not be prosecuted for such an offence from the date the resolution plan has been approved by the adjudicating authority," an official statement said.
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Court Seeks Centre's Response On Plea Against Suspension Of Insolvency Laws
Centre had suspended insolvency proceedings for default in payments for a period of six months, starting 25 March
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Centre Gives Nod To Amendments In Insolvency Law, Resolution Timeframe Increased
Experts said the changes would help in clearing various road blocks for resolution process and smoothen the process as well as save time
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Lenders Invoke IBC Norms To Keep Stressed Assets In Tribunal: Report
With relation to Avantha Power (Jhabua) an Rs 100 crore settlement for PFC got stalled after one of the operational creditors took the asset to NCLT.
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Lenders Invoke IBC Norms To Keep Stressed Assets In Tribunal: Report
With relation to Avantha Power (Jhabua) an Rs 100 crore settlement for PFC got stalled after one of the operational creditors took the asset to NCLT.
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IBC Changes Proposed To Quicken Resolution Process, Protect Against Avoidable Transactions
The Insolvency Law Committee has proposed a few changes to the existing insolvency law.
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IBC: Resolution Plan Submitted To NCLT Cannot Be Withdrawn, Says Supreme Court
No exit routes have been contemplated for the resolution applicant, the bench noted.
-
Insolvency Regulator Warns Against Misuse Of IBC Provisions For Tax Avoidance, Evading Probes
IBBI has flagged potential misuse of the IBC and asked insolvency professionals to watch for red flags including creditor dominance, low competition and related-party transactions.
-
Top Court Upholds Centre's Order, Permits Banks To Proceed Against Personal Guarantors Under IBC
Upholding the validity of the notification, the top court ruled that initiation of an insolvency resolution plan for a company does not absolve corporate guarantees given by individuals from paying up the dues to financial institutions.
-
Supreme Court Upholds Insolvency Code, Setback For Operational Creditors
The operational creditors wanted to be treated at par with secured creditors such as banks and financial institutions.
-
Credit Market's Big Worry After Bankruptcy Law Paused Over Virus Crisis
Credit investors are concerned that some weaker borrowers may use the temporary suspension of insolvency laws to delay payment
-
'Rs 4 Lakh Crore Bad Loans Have Returned Due To Insolvency System'
The figure was revealed by Corporate Affairs Secretary Injeti Srinivas.
-
Government Notifies New Insolvency Rules For Resolution Of Financial Service Providers
The corporate affairs ministry has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules). The latest move comes against the backdrop of financial stress faced by certain entities that are into financial services.
-
Cabinet Clears Ordinance To Further Amend Insolvency Law
The bill, introduced in the Lok Sabha, seeks to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring-fenced from any risk of criminal proceedings for offences committed by previous promoters of the companies concerned.
-
Cabinet Approves Ordinance For Amendment To IBC
"Under the amendments, the liability of a corporate debtor for an offence committed prior to the commencement of the corporate insolvency resolution process shall cease, and the corporate debtor shall not be prosecuted for such an offence from the date the resolution plan has been approved by the adjudicating authority," an official statement said.
-
Cabinet Approves Ordinance For Amendment To IBC
"Under the amendments, the liability of a corporate debtor for an offence committed prior to the commencement of the corporate insolvency resolution process shall cease, and the corporate debtor shall not be prosecuted for such an offence from the date the resolution plan has been approved by the adjudicating authority," an official statement said.
-
Court Seeks Centre's Response On Plea Against Suspension Of Insolvency Laws
Centre had suspended insolvency proceedings for default in payments for a period of six months, starting 25 March
-
Centre Gives Nod To Amendments In Insolvency Law, Resolution Timeframe Increased
Experts said the changes would help in clearing various road blocks for resolution process and smoothen the process as well as save time
-
Lenders Invoke IBC Norms To Keep Stressed Assets In Tribunal: Report
With relation to Avantha Power (Jhabua) an Rs 100 crore settlement for PFC got stalled after one of the operational creditors took the asset to NCLT.
-
Lenders Invoke IBC Norms To Keep Stressed Assets In Tribunal: Report
With relation to Avantha Power (Jhabua) an Rs 100 crore settlement for PFC got stalled after one of the operational creditors took the asset to NCLT.
-
IBC Changes Proposed To Quicken Resolution Process, Protect Against Avoidable Transactions
The Insolvency Law Committee has proposed a few changes to the existing insolvency law.
-
IBC: Resolution Plan Submitted To NCLT Cannot Be Withdrawn, Says Supreme Court
No exit routes have been contemplated for the resolution applicant, the bench noted.
