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Insolvency and Bankruptcy Code

Blackstone gets court nod to buy Hyderabad Trident hotel under insolvency

Infrastructure

14 February, 2020

Blackstone gets court nod to buy Hyderabad Trident hotel under insolvency

Private equity giant Blackstone Group Inc. has received court approval to acquire a debt-laden Trident hotel in Hyderabad for Rs ......

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An Indian firm enters bankruptcy every four hours, but that's not the only worrying trend

Finance

13 February, 2020

An Indian firm enters bankruptcy every four hours, but that's not the only worrying trend

The number of companies dragged into bankruptcy courts jumped over the last two quarters, as creditors pressed the pedal to ......

Revised bankruptcy norms aim to further filter out ex-promoters, defaulters

Finance

07 January, 2020

Revised bankruptcy norms aim to further filter out ex-promoters, defaulters

The Insolvency and Bankruptcy Board of India (IBBI) has revised norms to bar any entity or person that is not ......

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Flashback 2019: Stressed assets remain in focus on rising bankruptcies, new challenges

Finance

24 December, 2019

Flashback 2019: Stressed assets remain in focus on rising bankruptcies, new challenges

When everything else fails, pray. At least that’s what State Bank of India chairman Rajnish Kumar seems to believe. “Every morning ......

Cabinet clears changes in bankruptcy law to protect new owners

Finance

11 December, 2019

Cabinet clears changes in bankruptcy law to protect new owners

The Union Cabinet approved on Wednesday a number of changes in the Insolvency and Bankruptcy Code to protect new owners ......

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Bankers block Haldiram's big-ticket entry into dairy business yet again

Consumer

05 December, 2019

Bankers block Haldiram's big-ticket entry into dairy business yet again

Haldiram Snacks Pvt. Ltd’s attempt to acquire a debt-laden dairy company hasn’t made any headway with lenders to the bankrupt ......

Bankruptcy law set to face huge test in Dewan Housing case

Finance

22 November, 2019

Bankruptcy law set to face huge test in Dewan Housing case

India’s bankruptcy-resolution process has just begun to find its feet with recent precedent-setting court rulings, but bankers, lawyers and insolvency ......

Govt tweaks bankruptcy rules to help non-bank lenders

Finance

15 November, 2019

Govt tweaks bankruptcy rules to help non-bank lenders

India has amended its insolvency and bankruptcy rules to allow for greater flexibility in resolving problems at troubled non-banking finance ......

Aviva Life under IBC for not paying landlord; first financial firm to enter NCLT

Finance

12 November, 2019

Aviva Life under IBC for not paying landlord; first financial firm to enter NCLT

The bankruptcy tribunal has ordered proceedings against Aviva Life Insurance in a case by Apeejay Trust for failure to pay ......

Is the bankruptcy law the best way to resolve stressed assets?

Finance

17 September, 2019

Is the bankruptcy law the best way to resolve stressed assets?

The Insolvency and Bankruptcy Code has turned out to be a mixed bag in terms of resolution of stressed assets. ......