Tag: insolvency and bankruptcy code
Govt appoints Vaibhav Chaturvedi as RBI representative on IBBI board
The government has appointed Vaibhav Chaturvedi as the ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI), according to an official notification. Currently,…
Govt working on integrated platform for insolvency ecosystem: Official
New Delhi: The government is working on an integrated platform for the insolvency ecosystem covering key stakeholders that will also help speed up resolution processes….
Creditors recover Rs 3.55 lakh crore till Sept under insolvency law
Creditors have recovered around Rs 3.55 lakh crore through resolution of 1,068 cases under the insolvency law till September this year, the government said on…
Regular IBC tweaks needed to address bankruptcy challenges, says Corporate Affairs Ministry
The corporate affairs ministry has underscored the need for a “continuous refinement” in the Insolvency and Bankruptcy Code (IBC) to address future challenges in corporate…
Regulatory changes to provide necessary push to surety bonds business, say experts
Regulatory changes like amendment in the Insolvency & Bankruptcy Code and standardization of bond wordings would give a fillip to newly introduced product underwritten by…
Lenders have recovered Rs 3.5 lakh cr under IBC: Ravi Mital
New Delhi: Lenders have recovered Rs 3.5 lakh crore through resolution of stressed assets under the insolvency process in the last eight years, a period…
IBBI amends rules to enhance interim representation for creditors in insolvency process
The IBBI has amended the Insolvency Resolution Process for Corporate Persons norms to introduce significant changes to enhance creditor representation in the insolvency process. The…
NCLT: Rescues for large defaulters may strike an informal note
The Centre would soon put in place a creditor-led insolvency resolution mechanism, largely involving out-of-court arrangements for even big loan default accounts, to ease the…
IBBI chief asks insolvency professionals to be as transparent as possible
IBBI Chairperson Ravi Mital on Tuesday asked insolvency professionals to be as transparent as possible during the resolution process as that will help in improving…
Reform pill likely soon for speedy recovery of debt
NEW DELHI: The government is finalising changes in various debt recovery laws to empower banks and other lenders to quickly resolve non-performing loans. The measures…