Resolution nods under IBC up by record 42% in fiscal 2024
Real estate and manufacturing contributed to around 65% of total plans approved for fiscal 2024, says CRISIL.
insolvency and bankruptcy code
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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
OECD urges India to cut stake in banks, insurance firms
Despite the reduction in non-performing loans and the creation of a 'bad bank', resolution procedures remain slow, says OECD
NPAs Under Tight Leash
Non-performing assets have dipped but it's too early to uncork the bubbly as global slowdown impacts export and MSME sectors.
Bankruptcy Code 2.0 to be rolled out soon: ICAI
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.
Poor run for IBC continues. What ails it?
Everything that could go wrong has gone wrong – political will has weakened, poor regulatory culture endures and the system seems to have been gamed
Relief to Go First as NCLT admits insolvency plea
NCLT orders the initiation of the CIRP and the appointment of a resolution professional; Go First cancels flights until May 19, 2023
ZEE settles ₹211 cr dues dispute with IPRS; insolvency plea withdrawn
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.
IBC’s Existential Problems
With liquidations surpassing resolutions, bankers need to look at alternatives to the bankruptcy code.
Bank of India drags Future Retail to bankruptcy court
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.
