Page 3 - Ibc Rules

Changes in IBBI norms bar re-entry of ex-promoters in cos under liquidation

The amendment is in line with the intent of the Section 29A of Code preventing any sort of re-entry of ex-promoters

Top Headlines: India's economic growth to 'weaken', SC Maha verdict Tuesday

From DBS Bank on India's economic growth to Sena-NCP-Congress staking claim in Maharashtra, Business Standard brings you the top headlines of the day

Recovery of stressed assets improved marginally in FY19 driven by IBC: RBI

The amount involved under IBC was Rs 1.66 trillion and more than Rs 70,819 crore was recovered, with a recovery rate of 42.5%

IBC report card: In 3 years, 48% cases initiated by operational creditors

Financial creditors initiated around 1,086 cases or 43 per cent

Govt plans to amend IBC 2016 to address cross-border insolvency: MS Sahoo

When IBC came in 2016, everything was new, and there was no insolvency professional, IBBI or all members of the NCLT, everything was created afresh, but it worked, he added.

State Bank may seek RBI approval for DHFL insolvency proceedings

Banks led by SBI may make a representation to the RBI, stating the current resolution process did not find much success and they would like to opt for resolution under the IBC

Easing of IBC deadline to serve interests of public, debtor: MCA secretary

The Supreme Court has relaxed the 330-day timeline for resolving stressed assets

Challenges have made Insolvency and Bankruptcy Code stronger: IBBI chief

The code came into force in December 2016 and the first resolution case was approved in August 2017

Govt to soon unveil norms to protect winning bidders in IBC cases

Move to prevent reopening of claims, protect acquired assets

3 years on, just 6% resolution plans accepted under IBC, says report

Of the 2,162 cases admitted under the IBC, corporate insolvency resolution process of 1,292 cases are going on

Corporate debtor needs immunity from criminal liabilities: JSW Steel MD

Seshagiri Rao pointed out a clarification on immunity to corporate debtor was required as there could be claims from other departments of govt which could eventually result in some problem

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

Option of marrying IBC with settlement schemes can be looked at later: FM

Jaitley said such an option could be thought of only after the initial rush of bankruptcy cases are cleared

Distressed home buyers in a bind over voting rights under IBC: Here's why

In order to be a member of the committee of creditors, it is necessary for a home buyer to file claims before the insolvency professional

SC's order on RBI circular: A short delay useful to clear the path ahead

The stay can be seen as digging of the roads for metro work so that future traffic will reduce and mass transit be a reality

SC's order on RBI circular: Banks retain right to initiate IBC proceedings

The compulsion of RBI circular does not apply till November

IBC delisting norms: Small shareholders ask Sebi for review

Investor protection bodies say new rules force minority stockholders to part with their holdings at a token price

Give Insolvency and Bankruptcy Code a chance

The Code is not a remedy for creditors to pursue their individual rights; it is a symbiotic mechanism for all stakeholders

IBC amendment: Language may hold the key to who can bid

The committee will give its views to the Ministry of Corporate Affairs on how homebuyers should be treated while bringing down the threshold for approval of a plan to two-thirds of the creditors

Brief case: SC recommends changes in IBC rules

A weekly selection of key court orders