Topic: Insolvency and Bankruptcy Code
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RBI superseded boards of Srei Infra Finance and Srei Equipment Finance, and their insolvency process is expected to be IBC-like, as it was in DHFL’s case.
Why bankruptcy logjams make India no country for dying firms
No two bankruptcies are the same, but India’s processes for handling them have some common deficiencies. It’s still not too late to turn the bankruptcy regime into a real institution.
Rajya Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill amid protest by opposition
After a brief debate by few members, the bill was passed with voice vote after which Rajya Sabha was adjourned for the day due to opposition's uproar over Pegasus among other issues.
Lok Sabha passes bill to amend insolvency law without debate
The House approved the bill without any discussion, as opposition members continued their protest over Pegasus snooping issue and three new farm laws.
What critics of Insolvency and Bankruptcy Code get wrong about the recovery model
Any belief that the Insolvency and Bankruptcy Code has not performed better than the erstwhile mechanisms of recovery is not supported by facts.
How Modi govt changes to IBC can help troubled MSME sector
Govt has enabled a mechanism via an ordinance under which MSMEs can continue operations using the resolution process without needing to shut shop or change management.
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.
Why bankrupt DHFL’s ordinary FD holders will lose more money than banks that supported it
DHFL’s committee of creditors has approved Piramal Capital’s offer of around Rs 37,000 crore for the company, which has a debt of nearly Rs 85,000 crore.
Why Modi govt’s interest-on-interest ‘Diwali gift’ is good for India’s credit culture
Waiver of interest-on-interest for all during the moratorium can minimise moral hazard. Keeping it selective would've run the risk of hurting credit culture.
End the domination of public sector banks, not simply recapitalise them. That’s true reform
Let zombie firms linger on & banks stay crippled a little longer if it leads to deeper reform, so India can get away from broken financial system of the 1980s.
In Pakistan, a state of fear among children—inspectors enter schools to ensure Quran reading
Magistrates accompanied by rifle-bearing policemen are interrogating 12-year-olds. Their teachers are asked to stand silently in the corner.
Bezos, Branson & Musk — Are billionaires popularising space travel or just on an ego trip?
Jeff Bezos will travel to the edge of space in his New Shepard aircraft — more than a week after billionaire Richard Branson defeated him in a fast developing space race.