Anything that can go wrong may have gone wrong with IBC
Over 90% haircut are a wakeup call to review the entire gamut of policies and governance involving stressed asset resolution
Over 90% haircut are a wakeup call to review the entire gamut of policies and governance involving stressed asset resolution
Despite the reduction in non-performing loans and the creation of a 'bad bank', resolution procedures remain slow, says OECD
Non-performing assets have dipped but it's too early to uncork the bubbly as global slowdown impacts export and MSME sectors.
IBC 2.0 may include a full-fledged individual insolvency framework, pre-packaged insolvency for bigger corporates, group insolvency framework and use of tech in IBC.
Everything that could go wrong has gone wrong – political will has weakened, poor regulatory culture endures and the system seems to have been gamed
NCLT orders the initiation of the CIRP and the appointment of a resolution professional; Go First cancels flights until May 19, 2023
In January this year, the artistes’ body filed a petition at the NCLT to initiate an insolvency process against Zee Entertainment, seeking payment of ₹211.41 crore.
With liquidations surpassing resolutions, bankers need to look at alternatives to the bankruptcy code.
The lender’s move to seek insolvency proceedings against the embattled retailer is likely to affect its ₹24,713 crore asset sale deal with Reliance Industries.
Reliance Infrastructure and Reliance Power nosedived up to 9% in tandem with a 0.8% fall in the BSE Sensex.