NEW DELHI : Personal guarantors who are also major shareholders in defaulting companies are facing increased…
Tag: IBBI
Bankruptcy rescues have soared this year. Here is why
By the end of February, various tribunal benches had approved 250 resolution plans, compared to 185…
The road to enter bankruptcy court is now 7,000 companies long
Creditors to about 7,000 companies are waiting for the National Company Law Tribunal (NCLT) to decide…
For conglomerates going into bankruptcy, a clearer path is emerging
Clarity is on the cards for conglomerates heading for bankruptcy, with the government working on a…
Competition, new rules crimp resolution professionals’ fees
NEW DELHI : Average fees charged by resolution professionals (RPs) and other consultants involved in insolvency…
Operational creditors begin to take backseat
NEW DELHI : Operational creditors, who have previously aggressively initiated bankruptcy proceedings against clients for payment…
‘Uniform norms needed to value bankrupt cos’ assets’
New Delhi: Uniform standards are needed to value assets of companies facing bankruptcy proceedings to ensure…
IBC experts stress on standards for creditors
New Delhi: Private players have come out with a voluntary code of conduct for creditors of…
Lenders benefit the most from questionable pre-IBC deals
New Delhi : Lenders made the biggest progress yet in reversing dubious pre-bankruptcy transactions of troubled…
Officers to be encouraged for quick biz rescue
The Insolvency and Bankruptcy Board of India (IBBI) has set minimum compensation to be paid to…