Navigating The Rapids: Understanding 'Waterfall Mechanism' In Section 53 Of Insolvency And Bankruptcy Code, 2016
A crucial element of the waterfall mechanism is the full payment of Insolvency Resolution Process costs before any distributions are made to other stakeholders.
Jul 05, 2024, 20:47 PM ISTReal Estate Allottees As Financial Creditors Get Boost With Supreme Court Order
Although it has been over five years since the inclusion of real estate project allottees as Financial Creditors under the Insolvency and Bankruptcy Code, several issues about their rights, status, treatment etc remain unresolved.
Mar 19, 2024, 20:02 PM ISTNot just Supertech, Delhi-NCR's other real estate firms facing insolvency proceedings; check here
Meanwhile, many real estate companies are facing insolvency proceedings including Jaypee Infratech and Mumbai-based HDIL.
Mar 26, 2022, 16:44 PM ISTCentre seeks comments on proposed changes to insolvency law ahead of Budget 2022-23
The Central government has invited comments on several amendments proposed to the insolvency law.
Dec 23, 2021, 18:43 PM ISTCentre to bring 23 Bills in Parliament’s Monsoon Session
Out of 23, 17 of them will be new Bills to be introduced in the House, while three others are meant to replace ordinances.
Jul 13, 2021, 18:18 PM ISTBusiness failure must not be looked down upon: FM Sitharaman on VG Siddhartha's death
Siddhartha's body was found on the banks of the Netravathi river in Karnataka on Wednesday. In a letter purportedly written by him, Siddhartha alleged, among other reasons, harassment by the Income Tax department as the cause for taking his own life.
Aug 02, 2019, 12:50 PM ISTIBC process helps recover Rs 70K cr bad loans in FY19: Report
According to its president Gurpreet Chatwal, the recovery rate for the 94 cases resolved through IBC by FY2018-19 is 43 per cent, compared with 26.5 per cent through earlier resolution mechanisms.
May 15, 2019, 14:15 PM ISTBanks can now refer defaulters to NCLT on case by case basis: Bankers
The Supreme Court on Tuesday quashed the RBI's February 12 circular, which prescribed rules for recognising one-day defaults by large corporates and initiating insolvency action as a remedy.
Apr 03, 2019, 10:26 AM ISTSC upholds constitutional validity of Insolvency and Bankruptcy Code
The bench disposed of a batch of pleas filed by companies challenging various provisions of the IBC.
Jan 25, 2019, 11:49 AM ISTArun Jaitley targets previous UPA government as Insolvency and Bankruptcy Code completes two years
Jaitley said the Congress left behind the legacy of an anachronic system of resolving commercial insolvency.
Jan 03, 2019, 13:54 PM ISTNon-adherence to timelines under IBC a major concern, says govt official
The code, which became fully operational in December 2016, provides for a market-determined and time-bound insolvency resolution process.
Dec 27, 2018, 14:27 PM ISTPresident approves promulgation of IBC amendment Ordinance to treat home buyers as creditors
The Ordinance provides significant relief to home buyers by recognizing their status as financial creditors.
Jun 06, 2018, 16:36 PM ISTCabinet clears amendments to bankruptcy code
A 14-member Insolvency Law Committee had made suggestions to the Ministry of Corporate Affairs, including addressing woes of home buyers and making recoveries easier for lenders.
May 23, 2018, 17:34 PM ISTFresh bids invited for ABG Shipyard under insolvency law
ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code(IBC, 2016) as per the orders of NCLT.
Apr 19, 2018, 12:31 PM ISTRBI notifies revised framework to deal with bad loans
The new guidelines have specified framework for early identification and reporting of stressed assets.
Feb 13, 2018, 07:47 AM ISTIBC mechanism used actively to resolve bad loan problem: Economic Survey
Insolvency and Bankruptcy Code has provided a resolution framework that will help corporates clean up their balance sheets and reduce debts.
Jan 29, 2018, 14:23 PM ISTIBC Ordinance to have no impact on valuation of assets under resolution: SBI chief
The President today gave his assent to the Ordinance amending the Insolvency & Bankruptcy Code, 2016.
Nov 23, 2017, 17:50 PM ISTInsolvency and Bankruptcy Code 2016: Check out gist of the amendments
The IBC became operational in December 2016 and provides for a time-bound insolvency resolution process.
Nov 23, 2017, 16:29 PM ISTPresident approves ordinance on Insolvency and Bankruptcy Code
The ordinance was approved by the cabinet on Wednesday.
Nov 23, 2017, 13:59 PM ISTGovt to come out with ordinance to tighten insolvency law
The Code, which became operational in December last year, provides a market-determined and time-bound insolvency resolution process. Over 300 cases have already been approved by the National Company Law Tribunal (NCLT) to be taken up under the law, implemented by the corporate affairs ministry.
Nov 22, 2017, 17:00 PM IST