IBC Alerts

17/05/2018

This project focuses on four key areas including building the capacity of insolvency professionals in the country and of IBBI's own officers

11/04/2018

Under the current framework of IBC, operational creditors are not a part of the Committee of Creditors and do not enjoy voting rights.

Under the current framework of IBC, operational creditors are not a part of the Committee of Creditors and do not enjoy voting rights

10/04/2018

NCLT admits fresh insolvency application filed on breach of consent terms by the debtor

More often than not, an insolvency application filed by an operational creditor under the Insolvency and Bankruptcy Code, 2016 (IBC) results into settlement between the triggering creditor and the corporate debtor.

05/04/2018

Under the IBC, a company has to be liquidated if it fails to complete the insolvency resolution process within 270 days of its admission to the bankruptcy court.

According to IBC, a firm has to be liquidated if it fails to complete the resolution process within 270 days of its admission to the bankruptcy court.

05/04/2018

The government has embarked on a two-pronged strategy on bad loans.

Less than half of the staggering Rs 9 lakh crore worth of non-performing assets (NPAs), or bad loans, accumulated by banks had returned due to the system set in place by the Insolvency and Bankruptcy Code (IBC), 2016, the government said on Wednesday.

04/04/2018

According to IBC, a firm has to be liquidated if it fails to complete the resolution process within 270 days of its admission to the bankruptcy court.

03/04/2018

Banks have drawn up a third list of corporate defaulters to be referred to the NCLT

Banks have drawn up a third list of corporate defaulters to be referred to the NCLT for resolution under the Insolvency and Bankruptcy Code, 2016 (IBC), senior bankers said.

03/04/2018

Private lender ICICI Bank said it will convene a board meeting on Monday to review cases under the Insolvency and Bankruptcy Code which are before the NCLT

ICICI Bank said it will convene a board meeting on Monday to review cases under the Insolvency and Bankruptcy Code which are before the NCLT

30/03/2018

The committee proposed that promoters of MSMEs who are not wilful defaulters should be allowed to bid during the insolvency process.

30/03/2018

The resolution professional for Ferro Alloys Corporation (Facor) is likely to submit the plan to the National Company Law Tribunal (NCLT) for approval

The first bid was opened in November 2017, the second on March 1, the third on March 12 and the fourth on March 17

30/03/2018

The government is set to increase the number of bankruptcy courts to ease the load on existing benches

The govt will also hire more judicial and technical officers to take into account the requirement of the new NCLT benches at Cuttack, Jaipur and Kochi

29/03/2018

The bankruptcy code can make a difference