Bankruptcy Cases In India

Bankruptcy process needs a re-look

A mechanism is needed to ensure bank-led resolution- not the NCLT- is the first resort for lenders

Haircuts and settlements

Gaming the system leads to losses to lenders

We didn't expect flood of insolvency cases, says IBBI chairman M S Sahoo

He also said that not many applications had been filed under the prepackaged scheme brought in for micro, small and medium enterprises (MSMEs)

Banks to send more cases to bankruptcy courts even as old ones lie stagnant

Several roads, real estate and power companies are headed to the bankruptcy courts once the one-year ban imposed by the RBI lifts in the coming week

Operational creditors trigger nearly half of all bankruptcy cases: RBI FSR

"Operational creditors triggered as much as 49.65 per cent of the bankruptcy petitions, followed by 43.61 per cent by financial creditors and the remaining by corporate debtors," the report said

Bidders jittery over coronavirus impact on bankrupt firms, seek legal help

Seek legal advice, want force majeure clause included in new contracts

IBC resolutions exceed new time limit of 330 days prescribed by govt

In July, in a bid to expedite the resolution process, the government made amendments to the Insolvency and Bankruptcy Code (IBC) that included revising the time limit to 330 days

Indian banks need $2.8 bn more provisioning for bankruptcy cases: Ind-Ra

The 12 companies account for 1.78 trillion rupees ($27.7 bn) in non-performing bank loans: RBI data