Friday, 2 December, 2022
TopicInsolvency and Bankruptcy Code

Topic: Insolvency and Bankruptcy Code

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RBI superseded boards of Srei Infra Finance and Srei Equipment Finance, and their insolvency process is expected to be IBC-like, as it was in DHFL’s case.

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.

On Camera

YourTurn

Prannoy Roy in Abu Dhabi

You can call NDTV elitist, anglicised. But it defended democracy, gave us Ravish Kumar

In all these years of covering elections on NDTV, I do not recall a single occasion when I was asked or even hinted to say or not say something. I disagreed with Prannoy Roy off-screen and on-screen and that was never a problem.

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.