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Insolvency and Bankruptcy Code (IBC) News

11 Sep 2021

DHFL insolvency case: Here’s why RBI’s IBC route didn’t work for the lender

The IBC process was meant to revive businesses. On the contrary, IBC has been a fraught process. Experts say IBC has neither been swift, as promised, nor the level of recoveries, projected at a very low 20% levels, were encouraging.

21 May 2018

Bhushan Steel's buyout to reduce PSB NPAs by Rs 35,000 crore

Last week, Finance Minister Piyush Goyal had tweeted that the acquisition was a "historic breakthrough in resolving legacy issues of banks".

incremental provisioning

03 Aug 2017

Banks may need 20% extra provisioning for 50 top bad debts: Study

The Insolvency and Bankruptcy Code will help in protecting creditor interest in the sense that a start-up firm that gets insolvent can be wound up on a fast-track basis within 90 days.

26 Jul 2017

Insolvency cases: SS Mundra says firms free to move higher courts

He also said that RBI is looking at the provisioning norms for the cases that have been or will be referred to IBC for resolution.

22 Jul 2017

Vijaya Bank Q1 net jumps over 57% to Rs 255 crore

The gross non-performing assets (NPAs) of the bank fell slightly to 7.30 percent of the gross advances as on June 30, 2017 from a level of 7.31 percent a year ago.

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