
IBC’s Existential Problems
With liquidations surpassing resolutions, bankers need to look at alternatives to the bankruptcy code.
With liquidations surpassing resolutions, bankers need to look at alternatives to the bankruptcy code.
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.
Reliance Infrastructure and Reliance Power nosedived up to 9% in tandem with a 0.8% fall in the BSE Sensex.
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.
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.
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.
Lenders decide to pay FD depositors holding up to ₹2 lakh the full amount while other depositors will face the distribution mechanism.
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.
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.
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?