In managing the bad loan problem, IBC should be the last resort for banks
The lenders plan to move the NCLAT as NCLT slammed the banks repeatedly for not voting on the one time settlement proposal made by the promoters
'Real estate bankruptcy laws ought to be completely overhauled to right this egregious wrong', said the author
Siva Industries was admitted to the bankruptcy court on July 5, 2019
Retail entity's cash flows have been hit, and if the merger deal does not go through, the working of restructuring would be under strain
Once the world's largest tea producer, McLeod Russel, part of the Brij Mohan Khaitan group company, is now India's largest with about 31 estates
Less than 200 cases have been admitted to the National Company Law Tribunal till June after the suspension was lifted on March 24, revealed the Insolvency and Bankruptcy Board of India
The Insolvency and Bankruptcy Code (IBC), which came into effect in 2016, provides for a market-linked and time-bound resolution of stressed assets.
Rajya Sabha was adjourned on Tuesday amid continuous protest by opposition parties over their demand for a discussion on the use of Pegasus spyware, farmers' agitation and other issues
Minister of State for Corporate Affairs Rao Inderjit Singh moved the Bill for consideration and passage amid the din
Any restructuring of stressed accounts outside the IBC would not look credible till the performance of PSBs improves
As per British law, a bankruptcy trustee takes charge of a bankrupt person's financial and physical assets
The prepackage process for resolution has been popular in Europe and the US over the past decade
Sitharaman is in charge of both finance and corporate affairs ministries.
Business Standard brings to you the top headlines on Thursday
Amount realised in top 100 CIRPs is Rs 2.37 trillion, over 36% of admitted claims
If sale is successful, lenders will get Rs 15,000 cr more from Videocon's debt resolution, taking their recovery to over 40%
The second wave of Covid-19 could again delay resolutions and increase haircuts
Large housing finance company resolution seen as key drive; second wave could cause delays and increase haircuts
The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common.