Modi govt’s mixed record on corporate reforms
[ad_1] Big bang capital Seen as the most infamous legacy of the previous regime, the banking sector’s bad loans mess was getting visible through impaired balance sheets by the mid-2010s.…
No IBC amendment for real estate sector; regulations to act as sandbox
[ad_1] New Delhi: The government has dropped its plan to amend the bankruptcy law to introduce a special regime for real estate developers, letting creditors instead decide whether individual projects…
Settle disputes by mediation: IBBI panel recommends
[ad_1] New Delhi: An expert panel set up by bankruptcy rule maker, Insolvency and Bankruptcy Board of India (IBBI), has recommended voluntary mediation as a way of settling disputes that…
NCLT orders insolvency proceedings against Vadraj Cement
[ad_1] Mumbai: The Mumbai bench of the insolvency tribunal has ordered the initiation of a corporate insolvency proceedings against Vadraj Cement, a group company of the insolvent ABG Shipyard, after…
IBC can’t resolve airline bankruptcies: Experts at Mint BFSI Summit
[ad_1] The Insolvency and Bankruptcy Code can’t resolve airline bankruptcies, according to RK Bansal, CEO and managing director of asset reconstruction company Edelweiss ARG. Speaking during a panel discussion titled…
Tribunal members’ quality affecting decisions: Experts
[ad_1] Experts also suggested that bureaucrats appointed as technical members must undergo judicial training before being appointed to NCLT. “The Supreme Court questioned the practice of appointing bureaucrats as members…
Climate change: Distressed firms to be judged on green plans
[ad_1] New Delhi: Sustainability is set to become a central consideration for debt resolution under the Insolvency and Bankruptcy Code (IBC), in a move that could make India a pioneer…
Bills for GST appellate tribunals, spending likely in winter session
[ad_1] New Delhi: The government proposes to introduce two key bills in the upcoming winter session to pave the way for goods and services tax (GST) appeals tribunals and to…
Dodgy deals under resolution professionals’ lens
[ad_1] NEW DELHI : Bankruptcy resolution professionals (RPs) have stepped up scrutiny of suspect transactions made before bankruptcy filings, moving tribunals to reverse transactions totalling ₹23,700 crore in the September…
SC refuses relief to personal guarantors under bankruptcy code
[ad_1] Mumbai: The Supreme Court did not provide any relief to personal guarantors under the Insolvency and Bankruptcy Code (IBC) in a verdict on Thursday, upholding the validity of key…