Page 12 - Latest Updates on IBC
Half the cases closed under IBC end in liquidation, only 13% resolved
Haircut rises to 60% of lenders' claims in FY21
 "Half the cases closed under IBC end in liquidation, only 13% resolved")
DHFL resolution: Lenders weigh options after NCLT's surprise call
Tribunal gave direction to have a look at offer by Kapil Wadhawan
 "DHFL resolution: Lenders weigh options after NCLT's surprise call")
Reimpose moratorium on taking cos to NCLT under IBC due to Covid: Assocham
Industry body Assocham on Friday urged the government to reimpose moratorium on taking debt-ridden firms to the NCLT under the IBC till December
 "Reimpose moratorium on taking cos to NCLT under IBC due to Covid: Assocham")
West Bengal polls LIVE: EC notice to Mamata for 'communal' appeal
Stay tuned for Latest LIVE news
 "West Bengal polls LIVE: EC notice to Mamata for 'communal' appeal")
IBC in the slow lane: CIRP cases decline almost 12%, shows IBBI data
New corporate insolvency being at halt reflected in the continuing drop in the number of ongoing corporate resolution cases in the October-December period
 "IBC in the slow lane: CIRP cases decline almost 12%, shows IBBI data")
IBC ordinance allows prepack for MSMEs, eases resolution with minimum pain
Ordinance is designed to ensure quicker, cost-effective and value maximising outcomes for all stakeholders in a manner that least disrupts their businesses and preserves jobs too
 "IBC ordinance allows prepack for MSMEs, eases resolution with minimum pain")
Diamond in the rough: Why NINL is attracting interest from all the big boys
Why the sale of a loss-making public sector steel company, which has been closed for over a year, is attracting interest from all the big boys of the industry
 "Diamond in the rough: Why NINL is attracting interest from all the big boys")
Liquidation an outcome of market forces: IBBI chairperson M S Sahoo
Sahoo was responding to the criticism that only 25 per cent of IBC cases end up in resolution while the remaining get liquidated
 "Liquidation an outcome of market forces: IBBI chairperson M S Sahoo")
Special insolvency relief framework for Covid-hit MSMEs in the works
Such firms may be allowed to opt for pre-packaged deal
 "Special insolvency relief framework for Covid-hit MSMEs in the works")
Top headlines: Apple's India plans, raw material crunch for vax maker, and more
With just about a fortnight left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely
 "Top headlines: Apple's India plans, raw material crunch for vax maker, and more")
M S Sahoo explains achievements, evolution, and challenges of the IBC
IBC is an option; stakeholders may not use it even if freeze not extended, says M S Sahoo
SC appalled over arrest of court-appointed Interim Resolution Professional
Anuj Jain was appointed by the top court under the Insolvency and Bankruptcy Code (IBC) and was entrusted with the task to ensure functioning of Jaypee Infratch
 "SC appalled over arrest of court-appointed Interim Resolution Professional")
Best of BS Opinion: Fragile democracy, IBC set to resume, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Fragile democracy, IBC set to resume, and more")
100 homebuyers' nod must for IBC against realtor, says Supreme Court
The top court also clarified that a company which is facing insolvency proceedings under the IBC can move an insolvency petition against other companies which owe it money
Supreme Court upholds changes in IBC to initiate case against debtor firms
Justice Joseph, who wrote the 465-page judgement for the bench, upheld the amendments made in Sections 3, 4 and 10 of the IBC (Amendment) Act 2020
 "Supreme Court upholds changes in IBC to initiate case against debtor firms")
Bad Bank: Good idea, but timing and execution being questioned
Without beefing up the regulatory framework, moral hazard may outweigh advantages, say experts
 "Bad Bank: Good idea, but timing and execution being questioned")
Dhanlaxmi Bank may appoint former SBI official J K Shivan as its MD & CEO
Sunil Gurbaxani was voted out after bitter battle with the Board
 "Dhanlaxmi Bank may appoint former SBI official J K Shivan as its MD & CEO")
Liquidations under IBC in Q2 jump, new applications remain subdued
Critics of the IBC have often pointed out that the delays in admission, resolution and liquidation might be making it an unattractive proposition
 "Liquidations under IBC in Q2 jump, new applications remain subdued")
Pre-packaged scheme, special rules for MSMEs in amendments to IBC
Changes likely to be tabled in Winter Session of Parliament
 "Pre-packaged scheme, special rules for MSMEs in amendments to IBC")
Amtek Auto's lenders invoke personal guarantee of former promoter
The issue of personal guarantee of a corporate debtor under Insolvency and Bankruptcy Code has been challenged in various high courts
 "Amtek Auto's lenders invoke personal guarantee of former promoter")
