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Sep 3, 20212 min read
Courts can't stop a bank guarantee from being encashed while it's still valid: Delhi High Court
The Delhi High Court has stated that a judicial order cannot be issued prohibiting the encashment of a Bank Guarantee while it is still...
Sep 2, 20212 min read
IBBI proposes strict restrictions to make the liquidation process more transparent
The Insolvency and Bankruptcy Board of India (IBBI) has advised that all key items impacting liquidation be reviewed with the...
Sep 2, 20211 min read
The NITI Aayog proposes tax breaks for investors in infrastructure investment trusts
To achieve the goals of the National Monetisation Pipeline scheme, the NITI Aayog has recommended that the government provide tax...
Sep 1, 20212 min read
Over-the-tap OTTs apprehensive of RBI’s auto-debit rules due to the potential negative impact
Video streaming services are worried as the September 30 deadline to implement Reserve Bank of India’s new rules on auto-debit payments...
Sep 1, 20212 min read
IBC angled against business recovery
The Parliament amended the Insolvency and Bankruptcy Code in August 2021, providing for a pre-packaged insolvency resolution mechanism...
Sep 1, 20212 min read
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...
Aug 31, 20211 min read
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...
Aug 31, 20211 min read
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,...
Aug 31, 20211 min read
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...
Aug 30, 20213 min read
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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