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Monday, October 25, 2021

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IBC Code – The way forward

The main objectives of enacting Insolvency & Bankruptcy Code (IBC) Code 2016 and establishing Insolvency & Bankruptcy Board of India (IBBI) are: • To bring...

SC upholds IBC provisions on corporate debt recovery from personal guarantors

The Supreme Court on Friday held that the Centre's notification of November 15, 2019, which allowed financial institutions to proceed against individual corporate guarantors...

Success of pre-pack regime for MSMEs may open it for other borrowers

The Centre has promulgated the IBC Amendment Ordinance to allow pre-packaged insolvency process for MSMEs. Experts said that if successful, the regime may be available...

Govt proposes pre-packaged insolvency resolution framework under IBC

The Ministry of Corporate Affairs has proposed a pre-packaged insolvency resolution framework under the Insolvency and Bankruptcy Code (IBC). The ministry has sought comments...

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