IBC’s Existential Problems
With liquidations surpassing resolutions, bankers need to look at alternatives to the bankruptcy code.
insolvency and bankruptcy code
July 2022
April 2022
March 2022
February 2022
September 2021
June 2021
January 2021
December 2020
Bank of India drags Future Retail to bankruptcy court
The lender’s move to seek insolvency proceedings against the embattled retailer is likely to affect its ₹24,713 crore asset sale deal with Reliance Industries.
Why are Reliance Infra, Reliance Power shares under pressure today?
Reliance Infrastructure and Reliance Power nosedived up to 9% in tandem with a 0.8% fall in the BSE Sensex.
IndusInd Bank files bankruptcy against Zee over default
The case pertains to alleged default of ₹83.08 crore term loan facility issued by IndusInd Bank to Siti Networks, a cable TV operator promoted by Subhash Chandra-led Essel Group.
IBBI approves code of conduct for banks in insolvency cases
The IBBI board has purportedly approved the code of conduct to mitigate the issue of haircut in insolvency cases, albeit it won’t have any penal provisions or statutory enforcements.
Why ex-promoters are stuck on their bankrupt firms
Ever since India’s bankruptcy law came into being, several businessmen have sprung up with ‘eye-popping’ offers for their fallen stars at the risk of delaying the insolvency process.
Reprieve for DHFL’s small fixed deposit holders
Lenders decide to pay FD depositors holding up to ₹2 lakh the full amount while other depositors will face the distribution mechanism.
These legal issues will impact business in 2021
In the backdrop of the legal hits and misses of 2020, due to the pandemic as well as other reasons, here's a look at what 2021 has in store for private equity and mergers and acquisitions.
Will the DHFL insolvency end up in a legal dispute?
As Piramal and Oaktree lock themselves in a fierce bidding war, one can’t rule out a legal challenge to the first-ever finance company undergoing the IBC process.
The path to a fast resolution
Pre-packs—processes where a sale or turnaround plan is finalised for a business before the start of the insolvency process—make for a speedy resolution. But are they viable under Indian laws?
