Amid instances of long delays in insolvency resolution process of various companies, IBBI chief Ravi Mital on Thursday said resolution requires innovation and “over regulation is not a solution”. Around 650 resolutions of debt-ridden corporates have happened since the implementation of the Insolvency and Bankruptcy Code (IBC) in late 2016. While acknowledging that the IBC … Read more
Torrent Investments had emerged the highest bidder with its offer of ₹8,640 crore December 21, 2022, for debt-ridden Reliance Capital in the auction conducted as part of its resolution process. | Photo Credit: Special Arrangement The division bench of National Company Law Tribunal (NCLT) on January 16 is set to decide Reliance Capital’s proposed reauction … Read more
The Insolvency and Bankruptcy Board of India (IBBI) is tightening the process for resolution of defaulting companies to avoid charges of bias and prejudice after a few cases ended up in disputes. Indian Institute of Insolvency Professionals of ICAI (IIIPI) has submitted a report to IBBI, which is said to be in discussion with various … Read more
The Insolvency and Bankruptcy Board of India (IBBI) is tightening the process for resolution of defaulting companies to avoid charges of bias and prejudice after a few cases ended up in disputes. Indian Institute of Insolvency Professionals of ICAI (IIIPI) has submitted a report to IBBI, which is said to be in discussion with various … Read more