News

Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabilities RBI Governor Shaktikanta Das on Monday chaired the meeting of the sub-committee of the Financial Stability and Development Council (FSDC), which reviewed the major global and domestic macroeconomic and financial developments. It resolved to remain vigilant against any build-up in vulnerabilities in all segments of the Indian financial system as well as in the broader economy. It also focussed on preserving the financial system stability for attaining strong, sustainable and inclusive gr...
Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabilities
Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabilities
Source: IANS
29/08/2023 9:29:52 AM
Cumulative recovery rate under insolvency resolution processes declines to 30.18% in Q2FY23 Care Ratings in its latest report has said that the cumulative recovery rate under the insolvency resolution processes of debt-ridden companies declined to 30.18 per cent at the end of the September quarter (Q2FY23), indicating that lenders took more haircut on their exposure. The recovery rate has fallen steeply from a peak of 43 per cent in Q1 FY20. As per an analysis of Insolvency and Bankruptcy Board of India (IBBI) data done by Care Ratings, of the Rs 7,90,626.2 crore claims from the ...
Cumulative recovery rate under insolvency resolution processes declines to 30.18% in Q2FY23
Cumulative recovery rate under insolvency resolution processes declines to 30.18% in Q2FY23
Source: Accord Fintech
28/11/2022 11:34:23 AM
Draft Telecom Bill may not help accelerate resolution process for insolvent companies in sector: Ind-Ra A domestic rating agency India Ratings and Research (Ind-Ra) in its latest report has said that the draft Indian Telecommunication Bill may not help accelerate the resolution process for insolvent companies in the sector. It said the bill stipulates that the ownership of spectrum remains with the government, and hence implies that the value of spectrum cannot be sold by creditors under the Insolvency and Bankruptcy Code. According to the report, the draft law also mentions that the governm...
Draft Telecom Bill may not help accelerate resolution process for insolvent companies in sector: Ind-Ra
Draft Telecom Bill may not help accelerate resolution process for insolvent companies in sector: Ind-Ra
Source: Accord Fintech
27/09/2022 11:01:35 AM
IBBI amends regulations to allow sale of assets of entity undergoing insolvency resolution process The watchdog - Insolvency and Bankruptcy Board of India (IBBI) has amended its regulations to allow sale of one or more assets of an entity undergoing insolvency resolution process, besides other changes. This move will provide better market-linked solutions for stressed companies. Also, the Committee of Creditors (CoC) can now examine whether a compromise or an arrangement can be explored for a corporate debtor during the liquidation period. The IBBI has amended the regulations with the &...
IBBI amends regulations to allow sale of assets of entity undergoing insolvency resolution process
IBBI amends regulations to allow sale of assets of entity undergoing insolvency resolution process
Source: IANS
20/09/2022 11:19:06 AM
The Indian growth story It is widely believed that the last half a decade has been challenging for India. However, at the same time, it is also interesting to note that the phase has seen much more structured and meaningful reform taking place than in the past. Economic disarray, stagnation, sluggish investment and bureaucratic red-tapism have all been addressed adequately over the last few years. Though a great challenge in a country as diverse as India, the necessary structurally forms were implemented 2017 onw...
The Indian growth story
The Indian growth story
Source: IANS
14/06/2022 2:59:28 PM
IBBI proposes amendments in liquidation norms to increase transperancy In a bid to increase transperancy in the liquidation process under the Insolvency and Bankruptcy Code (IBC), IBBI has proposed amendments to the regulations. In a discussion paper, the Insolvency and Bankruptcy Board of India (IBBI) noted that the regulatory framework of liquidation process has been improvised on several occasions during the last five years to address the difficulties faced by stakeholders, meet the evolving requirements and in aid of achievement of objectives of the Code....
IBBI proposes amendments in liquidation norms to increase transperancy
IBBI proposes amendments in liquidation norms to increase transperancy
Source: IANS
30/08/2021 2:27:57 PM
NSE, BSE take steps for investor protection in case of listed firms` insolvency The National Stock Exchange and the Bombay Stock Exchange have come up with guidelines to be followed in case a company goes into bankruptcy. This step has been taken to caution investors and provide all required information about the insolvency process of the bankrupt companies to them. In separate statements, both the exchanges said: "In the recent past, we have come across instances where the approved resolution plan provides for delisting of the company or write off/cancellatio...
NSE, BSE take steps for investor protection in case of listed firms` insolvency
NSE, BSE take steps for investor protection in case of listed firms` insolvency
Source: IANS
9/07/2021 4:38:57 PM
Regulation of insolvent firms` shares still remains a dilemma As India's Insolvency and Bankruptcy Code (IBC) evolves at a fast pace, a hard nut to crack for the market regulator has come up with regulations in terms of trading in the shares of companies going through resolution under IBC. Several concerns have been raised in terms of trading in the stocks of insolvent companies as many of them gained substantially amid the bull run in the past one year. Amid concerns for public shareholders and the need for transperancy, the capital market re...
Regulation of insolvent firms` shares still remains a dilemma
Regulation of insolvent firms` shares still remains a dilemma
Source: IANS
17/04/2021 12:23:34 PM