Saturday, 20 August, 2022
TopicIBC

Topic: IBC

Insolvency code is one of India’s success stories. But it now needs a new life

Insolvency and Bankruptcy Code is not immune to the shortcomings of India's justice system like delays despite being one of the key reform initiatives of the government.

Govt braces for rise in Covid-related bankruptcy cases come April, banks on ‘prepackaged’ deals

Parliamentary Standing Committee on Finance chairman Jayant Sinha says prepackaged bankruptcy and efficient solutions for MSMEs are policy areas in consideration.

GST, IBC, MPC – Modi govt’s key economic reforms stall as coronavirus disrupts economy

Reforms stalling is weighing on outlook for India’s economy, which has gone from one of the fastest growing in the world to among the worst hit by Covid.

Bad bank not just necessary but unavoidable in present situation, says former RBI governor

The standard advantage of a bad bank is the entity taking a decision on sale price is different from the entity accepting that price, former RBI governor D Subbarao said.

Don’t over-read Jharkhand win warns Neerja Chowdhury, is IBC in ICU asks Jaimini Bhagwati

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

Cabinet approves amendments to insolvency law to protect bidders from risks

The amendments ensures successful bidders are ring-fenced from any risk of criminal proceedings for offences committed by previous promoters of the companies.

Why personal guarantors will now face trouble if their companies can’t repay debt

Personal guarantors have now been brought under Insolvency & Bankruptcy Code, meaning lenders can take them to tribunals alongside their companies.

Modi govt bringing NBFCs under bankruptcy code will clog the tribunal even more

Considering delays in ongoing cases under the National Company Law Tribunal, NBFCs require a separate mechanism for handling bankruptcy.

Lok Sabha passes amendments to Insolvency and Bankruptcy Code Bill

The amendments to the bill include strengthening the position of financial creditors and completing the Corporate Insolvency Resolution Process in 330 days.

On Camera

YourTurn

Sir Ganga Ram hospital Consultants, Residents and DNB students hold placards during a protest in New Delhi, on 30 December 2021 | PTI

Distrust of Indian doctors isn’t new. Class-caste bias always ruled medical profession

As a practising doctor, I discovered large question marks on claims of a trustful patient-doctor relationship in the past. The routine dehumanisation of underprivileged patients remains a rarely mentioned topic.
Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

Representational image. A file photo of an Indian Air Force Cheetah helicopter. | Photo: Commons

IAF operation underway to rescue Italian mountaineer stranded on Mount Nun in Ladakh

The IAF deployed its ‘Cheetah’ helicopter to rescue mountaineer Federico Nicoli. Mount Nun is the second highest peak in the Zanskar Valley of Ladakh.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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