Topic: Insolvency and Bankruptcy Code
The Jet Airways case has takeaways for the bankruptcy code as well as for other airlines. Comment.
It has been two months since Jet has stopped all flight operations. The lenders to the Jet Airways have finally decided to take it to the National Company...
Creditor-led Insolvency Resolution Mechanism
The Creditor-led Insolvency Resolution Mechanism is a newly proposed mechanism that aims to reduce delays in the resolution process, which have escalated under the current system, causing legal... Corporate Affairs Ministry’s proposals on IBC
On December 23, 2021, the ministry of corporate affairs proposed ‘amendments to Insolvency and Bankruptcy Code (IBC)’ to speed up the rescue of distressed companies which are ending...
RBI panel calls for overhauling ARC regulations
A Reserve Bank of India (RBI) panel has suggested for overhauling rules to govern Asset Reconstruction Companies (ARC). Key Points Overhauling ARC regulations will enhance the availability of...
Insolvency and Bankruptcy Code (Amendment) Bill, 2021
Parliament passed Insolvency and Bankruptcy Code (Amendment) Bill, 2021, on August 3, 2021 after Rajya Sabha approved the bill amidst the protest. Highlights Bill was passed by Lok...
Sudarshan Sen Committee of RBI
The Reserve Bank of India recently set up a committee to study about the Asset Reconstruction Companies (ARC) in the country. The committee will evaluate the role of...
MCA: 60% Eligible for pre-pack turnaround Scheme
The Ministry of Corporate Affairs (MCA) recently announced that six out of ten active Indian companies are eligible for the new pre-packaged bankruptcy scheme. This is because out...
Section 32A of Insolvency and Bankruptcy Code
The Supreme Court recently upheld the validity of Section 32 A of the Insolvency and Bankruptcy Code. Under its judgement, the apex court pronounced that the successful bidders...
RBI Trend and Progress Report, 2020
The Trend and Progress report of Reserve Bank of India provides information about performance of the banking sector. This includes non-banking Financial Institutions and cooperative banks. The report...
Injeti Srinivas appointed First Chairman of International Financial Services Centre Authority
On July 6, 2020, the retired 1983 batch IAS officer from Odisha Cadre, Injeti Srinivas was appointed as the first chairman of the International Financial Service Centre Authority....
Advisory Panel on Insolvency and Bankruptcy Board of India (IBBI) reconstituted
The Government of India recently reconstituted the advisory panel on corporate insolvency resolution and liquidation process. Highlights The IBBI recently reconstituted advisory panel by inducting four members. The...
