Ibc Amendments

Vacuum for Indian MSMEs seeking growth finance: Nishu Malhotra, ADM Capital

In India, shift to private credit, Nishu said, started before the Covid era, driven by regulatory reforms including the Insolvency and Bankruptcy code, Real Estate Regulatory Authority (RERA) Act etc.

Deregister Go First aircraft in five days, Delhi High Court tells DGCA

This means that the airline has to give back all 54 aircraft to the lessors if its Resolution Professional does not challenge the order or ask for the stay of the order

Govt starts interministerial discussions on the upcoming IBC Amendment Bill

MCA is aiming to bring the bill in the monsoon session of the parliament if the discussions are concluded by then

Centre likely to introduce the IBC amendment bill in winter session

The changes will will make amends to the cross-border insolvency regime. Among other changes, the bill will make it easier for overseas creditors to participate in the legal proceedings in India

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

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

NCLT needs clear set of protocols to flatten bankruptcy curve, say experts

Debt restructuring schemes under company law, and introduction of Code-based pre-packs are worth exploring, say experts

Fifth tranche of economic package: 7 measures announced by FM today

The fifth and last set of measures focuses on MGNREGA, health and education (rural and urban), businesses, decriminalisation of Companies Act, etc

India Inc gets IBC breather for six months amid coronavirus outbreak

Section 7 of the Code enables financial creditors to start insolvency proceedings against a company, while section 9 gives these powers to an operational creditor

Govt to suspend up to 1-year IBC provisions that trigger insolvency cases

The sources said an ordinance would be promulgated to suspend three sections of IBC for up to one year and a decision in this regard was taken by the Union Cabinet on Wednesday.

Govt breaks 150-year tradition, gives nod to restructuring of Railway board

Moving in corporate lines, the chairman will now be called as chief executive officer

LS Speaker refers IBC Amendment Bill to standing committee on finance

It was passed by the Cabinet and subsequently introduced in the Lok Sabha during the Winter session earlier this month

Bhushan Power resolution may have to wait longer due to IBC amendments

Process tied in legal knots even with the latest set of amendments to IBC

Amended IBC sets threshold for initiating corporate insolvency cases

The IBC has taken a big step in providing a clean slate to buyers of stressed companies

The right reaction

Govt steps in again to protect the IBC

Govt clears IBC amendments to ring-fence successful bidders from risks

It assumes significance against the backdrop of instances of enforcement agencies taking action in case of companies where the resolution process has already been completed.

A tweak in the IBC yields more power to homeowners, but gaps remain

Buyers should consider approaching the real estate regulator first, before taking the developers to National Company Law Tribunal

Amendments to the IBC: Correcting judicial errors

The operational creditors cited the NCLAT's decision on July 4, 2019, in Standard Chartered Bank vs Satish Kumar Gupta, R P of Essar Steel

Will challenge IBC amendments: Essar Steel operational creditors tell SC

Supreme Court agrees to hear operational creditors on August 19, asks them to file amended applications in a week

CCD crisis: Business failures should not be taboo, says Nirmala Sitharaman

Parliament approves changes in IBC, providing greater clarity over distribution of proceeds of auction of loan-defaulting companies