Sunday, Jun 04, 2023 | Last Update : 03:35 AM IST


Economic Survey: Debt recovery strengthened, claims of Rs 1.73 lakh cr settled

The Survey said that IBC has initiated a cultural shift in the dynamics between lender and borrower, promoter and creditor.

04 Jul 2019 3:31 PM

Dangerous to let viable cos close down: IBBI chief

The objective of IBC is to rescue viable companies and close down unviable ones, IBBI chief M S Sahoo said.

04 May 2019 2:49 PM

Resolution plans under IBC have yielded 200 pc of liquidation value: Sahoo

IBBI chief MS Sahoo noted that the repayment of debt is no longer an option, as tolerance for default has disappeared.

26 Apr 2019 3:39 PM

Creditors recover nearly half of total claims in 88 insolvency cases

Claims totalling a little over Rs 1.42 trillion were admitted in 88 cases under IBC till Feb 28, IBBI data showed.

15 Apr 2019 2:02 PM

SC ruling does not disturb creditors' rights to insolvency proceedings, says Sahoo

In view of the judgement, a bank-creditor needs to ask itself when it should initiate proceeding and justify itself, IBBI's Sahoo said.

07 Apr 2019 6:51 PM


Insolvency law's objective is reorganisation of defaulting firms: IBBI's Sahoo

Insolvency and Bankruptcy Code provides a framework for market-driven and time-bound resolution process.

31 Mar 2019 4:54 PM

Insolvency law help address Rs 3 lakh cr stressed assets in 2 yrs: official

Over 3,500 cases have been resolved at pre-admission stage and resulted in claims worth Rs 1.2 lakh crore getting settled.

24 Nov 2018 4:01 PM

Home buyers to be treated as financial creditors, Prez okays IBC ordinance

The ordinance would give home buyers due representation in Committee of Creditors and make them integral part of decision-making process.

06 Jun 2018 6:38 PM

IBBI notifies regulations for probe under bankruptcy code

Investigation authority has to serve a notice intimating the entity concerned about the probe at least ten days in advance.

16 Jul 2017 12:36 PM