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A Secured creditor may relinquish the security interest if it holds 60% of the value of secured debt
The first order objective of the Insolvency and Bankruptcy Code, 2016 (Code) is insolvency the resolution, as evident from the long title...
Aug 30, 20213 min read


Talks for restructuring IBC
The government’s openness to further discussions for making changes to the bankruptcy resolution framework comes at a time when the...
Aug 30, 20211 min read


Three MDs and eleven EDs of public-sector banks have had their terms extended by the government
Three managing directors (MDs) and ten executive directors (EDs) of public-sector banks have had their terms extended by the government,...
Aug 30, 20212 min read


Code of Conduct for Committee of Creditors (CoC) is under process: MCA
A professional code of conduct for the committee of creditors (CoC) in insolvency cases is on the cards, Rajesh Verma, Secretary,...
Aug 30, 20212 min read


IBBI invites comments on issues related to a CIRP on the discussion paper
This discussion paper solicits comments on the following issues related to a corporate insolvency resolution process (CIRP): A. Code of...
Aug 30, 20212 min read


Insistence on Bank Guarantee of private banks in preference to foreign banks a Fallacy: SC
In a dissenting judgement, Supreme Court Justice Indira Banerjee stated that it is incomprehensible why bank guarantees from Scheduled...
Aug 28, 20213 min read


Finance Minister is looking into insurance bonds as a possible replacement for bank guarantees
According to Finance Secretary T.V. Somanathan, the government is considering introducing insurance bonds as an alternative to bank...
Aug 27, 20212 min read


Videocon’s AGR dues: SC stops DoT from encashing Bharti Airtel’s bank guarantees
The Supreme Court on Tuesday ordered the Department of Transportation not to use Bharti Airtel's bank guarantees (BGs) for three weeks in...
Aug 26, 20213 min read


IRPs, RPs and liquidators can now appear before tax authorities, rules CBDT
Interim resolution professionals (IRPs) and resolution professionals (RPS) have now got the formal recognition of income-tax authorities...
Aug 26, 20212 min read


Streamlining outbound investments
Outbound investments from India. have been traditionally governed by the Foreign Exchange Management (Transfer or Issue of Any Foreign...
Aug 24, 20212 min read
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