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Sunday, October 26, 2025
TopicInsolvency and Bankruptcy Code

Topic: Insolvency and Bankruptcy Code

New insolvency frameworks to shorter timelines, how 2025 amendment bill proposes to transform IBC

New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.

‘NCLT, NCLAT must ensure timely resolution, not be mere rubber stamp authority’: SC in Jet Airways ruling

A 3-judge bench, led by CJI, slammed the 2 bodies’ ‘growing tendency’ to disregard SC’s orders, besides political appointments & lack of infra, while also highlighting shortcomings of the IBC.

US lenders push Indian ed-tech giant Byju’s towards insolvency

The Supreme Court on Wednesday revived insolvency proceedings following a lawsuit by a trust representing U.S. lenders who say they are owed $1 billion by the company.

Budget proposes reforms for insolvency regime. Tech platform, more tribunals & bolstering existing ones

It was NDA that introduced Insolvency and Bankruptcy Code in 2016. IBC replaced earlier framework which was governed by various laws that made the process cumbersome.

Why BCCI filed insolvency plea against Byju’s parent company & what happens to ed-tech firm now

NCLT has admitted BCCI’s insolvency plea against Byju’s over Rs 158 cr of allegedly unpaid dues from sponsorship deal. ThePrint explains what it means for ed-tech firm.

Defunct assets, robust economy — why cases under IBC are stretching ever longer & yielding less

Data from Insolvency & Bankruptcy Board of India shows time taken to come up with a resolution plan is 2.5 times what it was 4 yrs ago. Recoveries are only about 1/3 of claim amounts.

Go First files for insolvency, blames ‘failing engines’ supplied by Pratt & Whitney

Go First says its promoters have infused Rs 6,500 crore in airline since its inception & it has sought compensation of Rs 8,000 crore from engine maker Pratt & Whitney.

SubscriberWrites: Insolvency resolution needs to be simplified. Current system deters entrepreneurial spirit

Covid induced backlog and secular crippling of the Adjudicating Authority’s functioning means we are fast approaching the pre-Code timelines for insolvency resolution, writes Ivan.

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.

How India is successfully using insolvency code to resolve NBFCs in trouble

RBI superseded boards of Srei Infra Finance and Srei Equipment Finance, and their insolvency process is expected to be IBC-like, as it was in DHFL’s case.

On Camera

After losing no.2 carmaker spot, Hyundai is betting big on the new Venue

Indian car buyers are just as tech-obsessed as their Chinese counterparts, and that obsession has taken precedence over handling and performance.

Paper in MoSPI journal flags financial inclusion gap—highest among Hindus, lowest for Muslims

Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.

From battle of wits and daring air strikes to artillery fury, new details emerge of Operation Sindoor

Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.

Deepfake on duty: when I asked AI to read Op Sindoor citations

On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.