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IBC angled against business recovery
The Parliament amended the Insolvency and Bankruptcy Code in August 2021, providing for a pre-packaged insolvency resolution mechanism...
Sep 1, 20212 min read


Code of conduct does not permit the CoC, the collection of dues during a moratorium from CD: IBBI
According to a set of code of conduct for the committee of creditors (CoC) established by the Insolvency and Bankruptcy Board of India...
Sep 1, 20212 min read


Conference on Insolvency and Bankruptcy Code, 2016: “5 Years of Bankruptcy Code and Beyond”
Insolvency and Bankruptcy Board of India (IBBI) is organising a conference on Insolvency and Bankruptcy Code, 2016 "5 Years of Bankruptcy...
Aug 31, 20211 min read


Rather than only recovering debts, insolvency resolution plans should aim to maximise business value
An IBBI official said on Saturday that the goal of an insolvency resolution plan should be to maximise the value of the firm involved,...
Aug 31, 20211 min read


Axis Bank begins issuing debt securities under ₹35,000 crore-debt raise plan
Axis Bank, a private sector lender, revealed today that it has begun issuing debt instruments under a $35,000 crore debt-raising strategy...
Aug 31, 20211 min read


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
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