New Delhi: India’s insolvency regime is set for further reform as the Parliamentary Standing Committee on Finance will likely recommend a set of measures aimed at speeding up decisions and boosting creditor recoveries under the Insolvency and Bankruptcy …

Few come out smelling of roses from the Supreme Court (SC) ruling that annulled the takeover of Bhushan Power and Steel Ltd (BPSL) by JSW Steel Ltd and ordered BPSL’s liquidation, using the SC’s special powers to ensure “complete justice" under …

A continuously evolving and improving Insolvency and Bankruptcy Code (IBC) framework is important to achieving a 7-8% growth over the next decade, as  growth aspirations require capital to operate at the frontiers of productivity and efficiency, said the …

In the recent past, various stakeholders including the Parliamentary Standing Committee on Finance, Reserve Bank of India (RBI) Governor Shaktikanta Das and India’s G-20 Sherpa Amitabh Kant have flagged concerns over delays and asked for a recovery boost. …

Jet Airways’s liquidation comes even after a consortium successfully bid to revive the airline, as a dispute between Jet’s lenders and the winning group got tossed around between bankruptcy courts and the Supreme Court for years. Justice J.B. Pardiwala , …

Insolvency regulator IBBI has directed Insolvency Professionals (IPs) to list details of all unsold assets in respect of the ongoing liquidation processes on the eBKray platform from November 1.  They have also been directed to list all the assets within 7 …

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New Delhi, Jul 24 (KNN) In a move set to reshape India's corporate landscape, Finance Minister Nirmala Sitharaman unveiled significant reforms to expedite corporate exits and strengthen the insolvency resolution process during her presentation of the …

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… country’s markets, while the insolvency code in 2016 offered banks a …