Tag: insolvency

IBBI proposes code of conduct for committee of creditors; seeks public comments

Seeking to bring in more transparency, the Insolvency and Bankruptcy Board of India (IBBI) on Friday proposed a code of conduct for the committee of...

Insolvency law’s aim is business rejig, not recovery: M S Sahoo, chairman, IBBI

(This story originally appeared in on Jul 05, 2021) Amid concerns over poor realisation from insolvency resolution, M S Sahoo, chairman of Insolvency & Bankruptcy...

jaypee infratech: Creditors’ panel defers voting on Suraksha’s offer for bankrupt-Jaypee Infratech: IRP

Jaypee Infratech’s financial creditors have decided to defer the voting process on Suraksha group’s bid, that was scheduled to start from Monday noon, to acquire...

Ahead of DHFL voting, Oaktree fires fresh salvo against Piramal bid

MUMBAI: Ahead of the three week long voting starting Monday to decide on the new owner of Dewan Housing Finance Limited (DHFL), Oaktree has fired...

Insolvency and bankruptcy code (IBC) suspension extended till March 31

Suspension of the insolvency and bankruptcy code (IBC) is being extended till March 31, 2021, finance minister Nirmala Sitharaman said at the Bangalore Chamber of...

View: An urgent need for a cross-border insolvency framework

Covid-19 may create stress on External Commercial Borrowings (ECB) and guarantees issued for overseas borrowings of Indian corporates. The consequences will not only be bitter...

Pramod, Lakshmi Mittal’s brother, declared bankrupt by London high court

LONDON: Pramod Mittal, the younger brother of the world’s richest steel magnate, ArcelorMittal chairman and CEO Lakshmi Mittal, was made bankrupt by the UK high...

NCLT approves Amtek Auto resolution plan

The National Company Law Tribunal (NCLT) approved the resolution plan for bankrupt firm Amtek Auto, submitted by US-based hedge fund Deccan Value Investors LP (DVIL)...

View: Fear of flattening the business curve

By Ritin Rai The Ordinance amending the Insolvency and Bankruptcy Code (IBC), and suspending the law for six months from June 5, was long overdue....