Insolvency Resolution

CII says India's robust economic growth to continue in 2019; better demand conditions, GST, general polls strong drivers

CII believes the government will continue to place high priority on simplifying business procedures in 2019, especially in terms of working with states for grassroots improvements.

World Bank Ease of Doing Business ranking: Why strong and efficient laws like IBC create a conducive environment for biz

the dual mechanism of insolvency and thereafter liquidation creates an efficient system of Insolvency Laws, which is very critical for the development of any economy.

The Great Indian NPA Mess: How MUDRA scheme, Kisan credit cards could pose the next round of risk for banking sector

The loans extended under the government’s MUDRA scheme and Kisan Credit Cards pose a potential credit risk. These growing liabilities need to be examined with greater urgency.

JSW Steel, promoters acquire around 88% stake in bankrupt Monnet Ispat after NCLT approves Rs 2,875 cr bid

Monnet Ispat, once one of the country's foremost steelmakers, ran a successful coal-based sponge iron plant with an annual capacity of 1.5 million tonnes in Chhattisgrah

Tata Steel to operate out of Sahibabad facility of Bhushan Steel, says doesn't want to retain debt-laden firm's Delhi office

Tata Steel Ltd had won the bid to acquire debt-laden Bhushan Steel in an insolvency auction

Essar Steel insolvency: Lenders urge NCLAT to expedite resolution process, say firm incurring daily loss of Rs 17 crore

Lenders to Essar Steel on Wednesday urged the NCLAT to complete its insolvency resolution process in "quick" time

NCLT allows Ericsson's insolvency plea against Reliance Communications; will delay Anil Ambani-led firm's plan to sell assets

Ericsson, which signed a seven-year deal in 2014 to operate and manage Reliance Communications’ nationwide telecom's network, is seeking 11.55 billion rupees ($170 million) from the company and two of its subsidiaries.

SEBI to debate market reforms at upcoming board meeting; insolvency proceeding norms, algo trading on agenda

SEBI will take up number of measures for discussion including overhaul of algo trading rules at its board meeting on 28 March

Insolvency code ordinance: Life just got tougher for loan cheats, but there’s a long fight ahead

The promulgation of ordinance can curtail promoter interference to a great extent when banks deal with troubled assets

Insolvency and Bankruptcy Code to be tightened with ordinance; wilful defaulters to be barred from bidding for cos

This may shut out a few business houses such as Eassar, Bhushan Steel, Bhushan Power and Steel, Monnet Ispat and Jaypee Infratech