The bankruptcy of McLeod Russel may usher in a period of transition in the tea industry
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![The bankruptcy of McLeod Russel may usher in a period of transition in the tea industry](https://static.wixstatic.com/media/d515a3_afe7777e867e4239b0749e554f3a5310~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_afe7777e867e4239b0749e554f3a5310~mv2.webp)
McLeod Russel India Ltd., the world's largest tea producer, is facing one of the worst crises in its corporate history, according to some...
![IBC angled against business recovery](https://static.wixstatic.com/media/d515a3_7b51080bc1c748f48b1546f29461b60c~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_7b51080bc1c748f48b1546f29461b60c~mv2.webp)
- Sep 1, 2021
- 2 min
IBC angled against business recovery
The Parliament amended the Insolvency and Bankruptcy Code in August 2021, providing for a pre-packaged insolvency resolution mechanism...
![Code of conduct does not permit the CoC, the collection of dues during a moratorium from CD: IBBI](https://static.wixstatic.com/media/d515a3_bb07c6f7b64d4ab59fcc7e28b3e0215f~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_bb07c6f7b64d4ab59fcc7e28b3e0215f~mv2.webp)
- Sep 1, 2021
- 2 min
Code of conduct does not permit the CoC, the collection of dues during a moratorium from CD: IBBI
According to a set of code of conduct for the committee of creditors (CoC) established by the Insolvency and Bankruptcy Board of India...
![](https://static.wixstatic.com/media/d515a3_971f22d7eaee412eadf3630a3c5d7029~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_971f22d7eaee412eadf3630a3c5d7029~mv2.webp)
![Conference on Insolvency and Bankruptcy Code, 2016: “5 Years of Bankruptcy Code and Beyond”](https://static.wixstatic.com/media/d515a3_971f22d7eaee412eadf3630a3c5d7029~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_971f22d7eaee412eadf3630a3c5d7029~mv2.webp)
- Aug 31, 2021
- 1 min
Conference on Insolvency and Bankruptcy Code, 2016: “5 Years of Bankruptcy Code and Beyond”
Insolvency and Bankruptcy Board of India (IBBI) is organising a conference on Insolvency and Bankruptcy Code, 2016 "5 Years of Bankruptcy...
![](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
![Rather than only recovering debts, insolvency resolution plans should aim to maximise business value](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
- Aug 31, 2021
- 1 min
Rather than only recovering debts, insolvency resolution plans should aim to maximise business value
An IBBI official said on Saturday that the goal of an insolvency resolution plan should be to maximise the value of the firm involved,...
![MCA files petition to the NCLT to attach Videocon Industries undisclosed assets to maximise recovery](https://static.wixstatic.com/media/d515a3_adb24bccf49d424cac64a6a7619577bb~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_adb24bccf49d424cac64a6a7619577bb~mv2.webp)
- Aug 31, 2021
- 2 min
MCA files petition to the NCLT to attach Videocon Industries undisclosed assets to maximise recovery
The Ministry of Corporate Affairs (MCA) intends to seize money from Videocon Industries and disgorge it. The MCA has discovered assets...
![](https://static.wixstatic.com/media/d515a3_f8f226979c2448d1aeb2d93dddc21a0d~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_f8f226979c2448d1aeb2d93dddc21a0d~mv2.webp)
![Axis Bank begins issuing debt securities under ₹35,000 crore-debt raise plan](https://static.wixstatic.com/media/d515a3_f8f226979c2448d1aeb2d93dddc21a0d~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_f8f226979c2448d1aeb2d93dddc21a0d~mv2.webp)
- Aug 31, 2021
- 1 min
Axis Bank begins issuing debt securities under ₹35,000 crore-debt raise plan
Axis Bank, a private sector lender, revealed today that it has begun issuing debt instruments under a $35,000 crore debt-raising strategy...
![Promoter has refused to infuse funds, SpiceJet informs Delhi High Court](https://static.wixstatic.com/media/d515a3_937f88d11d894749a3b02617c2f9c269~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_937f88d11d894749a3b02617c2f9c269~mv2.webp)
- Aug 31, 2021
- 2 min
Promoter has refused to infuse funds, SpiceJet informs Delhi High Court
SpiceJet has informed the Delhi High Court that its promoter Ajay Singh has declined to infuse fresh funds in the debt-strapped airline....
![IBBI to ban appointment of commission agents](https://static.wixstatic.com/media/d515a3_9d6661be2ab44146ad9101165e807272~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_9d6661be2ab44146ad9101165e807272~mv2.webp)
- Aug 31, 2021
- 2 min
IBBI to ban appointment of commission agents
The insolvency regulator, Insolvency and Bankruptcy Board of India (IBBI), proposes to ban the appointment of commission agents for the...
![A Secured creditor may relinquish the security interest if it holds 60% of the value of secured debt](https://static.wixstatic.com/media/d515a3_c7028531c17348a0985bacbcef2b1488~mv2.png/v1/fill/w_209,h_148,fp_0.50_0.50,q_95,enc_auto/d515a3_c7028531c17348a0985bacbcef2b1488~mv2.webp)
- Aug 30, 2021
- 3 min
A Secured creditor may relinquish the security interest if it holds 60% of the value of secured debt
The first order objective of the Insolvency and Bankruptcy Code, 2016 (Code) is insolvency the resolution, as evident from the long title...
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