Page 11 - Latest Updates on IBC
Bad loans: Prevention is better than cure
In managing the bad loan problem, IBC should be the last resort for banks
 "Bad loans: Prevention is better than cure")
Siva industries' IBC proceedings: Lenders to appeal against NCLT order
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
 "Siva industries' IBC proceedings: Lenders to appeal against NCLT order")
The unfairness of real estate bankruptcy resolution
'Real estate bankruptcy laws ought to be completely overhauled to right this egregious wrong', said the author
 "The unfairness of real estate bankruptcy resolution")
NCLT rejects Siva Industries' debt resolution under IBC, orders liquidation
Siva Industries was admitted to the bankruptcy court on July 5, 2019
 "NCLT rejects Siva Industries' debt resolution under IBC, orders liquidation")
RIL-Future deal: Lenders worried over big hair-cuts, IBC option open
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
 "RIL-Future deal: Lenders worried over big hair-cuts, IBC option open")
NCLT admits application for initiating CIRP against McLeod Russel
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
 "NCLT admits application for initiating CIRP against McLeod Russel")
Poor asset valuation, economic climate, NCLT delays see IBC losing favour
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
Insolvency process: Parl panel suggests benchmark for 'quantum of haircut'
The Insolvency and Bankruptcy Code (IBC), which came into effect in 2016, provides for a market-linked and time-bound resolution of stressed assets.
 "Insolvency process: Parl panel suggests benchmark for 'quantum of haircut'")
Rajya Sabha adjourned for day amid protest, passes IBC (Amendment) Bill
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
 "Rajya Sabha adjourned for day amid protest, passes IBC (Amendment) Bill")
Lok Sabha passes bill to amend insolvency law without debate
Minister of State for Corporate Affairs Rao Inderjit Singh moved the Bill for consideration and passage amid the din
 "Lok Sabha passes bill to amend insolvency law without debate")
The other side of IBC
Any restructuring of stressed accounts outside the IBC would not look credible till the performance of PSBs improves
 "The other side of IBC")
Vijay Mallya's bankruptcy: What it means for fugitive businessman, lenders
As per British law, a bankruptcy trustee takes charge of a bankrupt person's financial and physical assets
 "Vijay Mallya's bankruptcy: What it means for fugitive businessman, lenders")
Decoded: What is prepackaged insolvency resolution & how does process work?
The prepackage process for resolution has been popular in Europe and the US over the past decade
 "Decoded: What is prepackaged insolvency resolution & how does process work?")
Nirmala Sitharaman introduces IBC (Amendment) Bill 2021 in Lok Sabha
Sitharaman is in charge of both finance and corporate affairs ministries.
 "Nirmala Sitharaman introduces IBC (Amendment) Bill 2021 in Lok Sabha")
Top headlines: Kerala seeks Sputnik V plant; Covid crimps budget housing
Business Standard brings to you the top headlines on Thursday
 "Top headlines: Kerala seeks Sputnik V plant; Covid crimps budget housing")
Creditors got Rs 2.45 trn from 394 resolution cases under IBC: FinMin
Amount realised in top 100 CIRPs is Rs 2.37 trillion, over 36% of admitted claims
 "Creditors got Rs 2.45 trn from 394 resolution cases under IBC: FinMin")
Vedanta among 11 bidders vying for Videocon's Brazil assets worth $2 bn
If sale is successful, lenders will get Rs 15,000 cr more from Videocon's debt resolution, taking their recovery to over 40%
 "Vedanta among 11 bidders vying for Videocon's Brazil assets worth $2 bn")
Financial creditors can realise Rs 60,000 crore through IBC: ICRA
The second wave of Covid-19 could again delay resolutions and increase haircuts
Lenders can realise Rs 55,000-60,000 crore from IBC cases in FY22
Large housing finance company resolution seen as key drive; second wave could cause delays and increase haircuts
 "Lenders can realise Rs 55,000-60,000 crore from IBC cases in FY22")
Creditors may realise Rs 55,000-60,000 cr through IBC in FY22: Report
The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common.
 "Creditors may realise Rs 55,000-60,000 cr through IBC in FY22: Report")
