Insolvency And Bankruptcy Code Ibc
Letter to BS: Secured creditors' payout rights must not be diluted
The concept of the financial market has been shaken due to the treatment of secured and unsecured creditors
 "Letter to BS: Secured creditors' payout rights must not be diluted")
Crisis for IBC
Secured creditors' rights must not be diluted
 "Crisis for IBC")
The unintended fallout of reforms
Measures taken to strengthen the financial system are partially responsible for the debt crisis
 "The unintended fallout of reforms")
IBC process helps recover Rs 70,000-crore bad loans in FY19: CRISIL
The recovery rate is twice the liquidation value of all 94 cases resolved says CRISIL.
 "IBC process helps recover Rs 70,000-crore bad loans in FY19: CRISIL")
The overriding power of IBC
a key decision passed last month has strengthened the position of resolution professionals and has in turn brought much relief to creditors under the insolvency and bankruptcy regime
 "The overriding power of IBC")
Infrastructure, not finance
IBC process hampered more by delays than lack of funds
 "Infrastructure, not finance")
What are the key provisions of Section 74 of IBC and why is it in news?
Section 74 lays down the provisions to penalise officials of corporate debtors, creditors and bidders if and when they violate the moratorium
 "What are the key provisions of Section 74 of IBC and why is it in news?")
Individual bankruptcy rules to take more time: All you need to know
The Insolvency and Bankruptcy Code is in force since 2016 for corporate entities
 "Individual bankruptcy rules to take more time: All you need to know")
IBC Ordinance does not apply to commercial real estate buyers, says Shroff
He says, objective of introducing homebuyers as financial creditors is to provide them a seat in committee of creditors so that their interests can be taken care of
 "IBC Ordinance does not apply to commercial real estate buyers, says Shroff")
A wake-up call for promoters
The Insolvency and Bankruptcy Code will strengthen lenders' rights and transform corporate behaviour by discouraging profligate borrowing and cavalier attitude towards debt servicing
 "A wake-up call for promoters")
75 firms under insolvency process to face greater surveillance from June 11
Markets regulator Sebi and stock exchanges will put in place additional surveillance measures for companies that are undergoing insolvency resolution process (IRP) from Monday, according to the leading bourse BSE. The data available with the BSE shows that 75 firms, including ABG Shipyard, Amtek Auto, Bhushan Steel, Jaypee Infratech, Electrosteel Steels, Mandhana Industries, Monnet Ispat & Energy, Ruchi Soya Industries, Supreme Tex Mart, Vardhman Industries and Rei Agro, are undergoing insolvency process as per the Insolvency and Bankruptcy Code (IBC). In order to enhance market integrity and safeguard investors' interest, the Securities and Exchange Board of India (Sebi) and the exchanges have been introducing various enhanced pre-emptive surveillance measures such as reduction in price band, periodic call auction and transfer of securities to trade to trade category from time to time. "In continuation to various surveillance measures already implemented, Sebi and exchanges, ...
 "75 firms under insolvency process to face greater surveillance from June 11")
Even one homebuyer can now drag errant builder to NCLT: Govt ordinance
The Ordinance says the voting percentage be reduced to a minimum 66% from 75% earlier
 "Even one homebuyer can now drag errant builder to NCLT: Govt ordinance")
IBC one-year report card: Recovery rates of bad loans will get worse
The concluding piece of the two-part series analyses how effective the Insolvency and Bankruptcy Code has been
 "IBC one-year report card: Recovery rates of bad loans will get worse")
Bankruptcy law: Banks, ARCs and FPIs can bid for insolvent companies
Sources in the corporate affairs ministry say they are working with the law ministry on the wording of other changes
 "Bankruptcy law: Banks, ARCs and FPIs can bid for insolvent companies")
Bankruptcy: Salvage what you can from your holdings in insolvent companies
Shareholders will get very little value for their holdings as bankruptcy laws don't favour equity investors
 "Bankruptcy: Salvage what you can from your holdings in insolvent companies")
IFC to fund IBBI for new insolvency reform implementation in India
This project focuses on four key areas including building the capacity of insolvency professionals in the country and of IBBI's own officers
 "IFC to fund IBBI for new insolvency reform implementation in India")
IBC committee wants wider pool of bidders for insolvent companies
The panel also exempted 'pure play financial entities' from the scope of Section 29 (A)
 "IBC committee wants wider pool of bidders for insolvent companies")
IBC tweaking: List of offences likely to bar offenders from bidding
The panel also suggested bringing the definition of "persons acting in concert" in sync with the Sebi
 "IBC tweaking: List of offences likely to bar offenders from bidding")
High-level panel on IBC review may stick to 270-day resolution deadline
A company's assets will be liquidated after 270 days
Insolvency pangs: More transparency and tweaking of the IBC will help
Of the 12 indebted companies that were referred to the NCLT, for resolution under IBC, two - Bhushan Steel and Amtek Auto - have found buyers in Tata Steel and Liberty House, respectively
