The government will likely amend the insolvency law to enable "customised resolutions" of bankrupt residential real estate projects to ensure swift delivery of flats to homebuyers in stressed housing ...
More than five years after India introduced the Insolvency & Bankruptcy Code (IBC), issues of poor infrastructure and inordinate delays in the resolution of stressed assets continue to haunt lenders.
The processing capacity of insolvency cases under the Insolvency and Bankruptcy Code (IBC) is now seeing a significant ramp up with the National Company Law Tribunal (NCLT) approving a record 85 ...
The government would probably change the insolvency law to permit "customised resolutions" of insolvent residential real estate projects to assure prompt delivery of flats to homebuyers in troubled ...
As much as 60 per cent of all resolution plans under Insolvency and Bankruptcy Code (IBC) were approved in the last three years alone, with over 30,000 cases having an underlying default of Rs 13.8 ...
Amid mounting concerns about inordinate delay in the resolution of toxic assets, the ministry of corporate affairs (MCA) has proposed to amend the Insolvency and Bankruptcy Code (IBC) to stipulate ...
Declining rates of recovery in recent years in comparison to their claims admitted through the Insolvency and Bankruptcy Code (IBC) mechanism has raised concerns, according to a Reserve Bank of India ...
In absolute term, the recovery in the December quarter was only to the tune of Rs 4,407 crore and the cumulative realisation stood at Rs 2,50,462 crore, according to the data compiled by the ...
Liquidation of companies has been less compared with the resolution of bankruptcy cases under the country’s insolvency rules, according to the Insolvency and Bankruptcy Board of India (IBBI). The IBBI ...