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Latest Articles in Insolvency and Bankruptcy Bill

Mediation In Corporate Insolvency: A Game Changer

The question before us is: how to achieve the aforesaid objective and ease the pressure of the NCLT? Our suggested solution is introduction of mediation in the resolution process.

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NuMetal Ineligible To Bid For Essar Steel: ArcelorMittal To SC

ArcelorMittal told the Supreme Court that NuMetal was ineligible to bid for Essar Steel on various grounds including that it was a shell company created by firm in which Essar group promoters have majority shares

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Insolvency And Bankruptcy Law Amended: Finance Ministry

The ministry said in a series of tweets that India's president had given clearance for the amendments, which follow cabinet approval on Wednesday

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First Test Of India's New Bankruptcy Law Offers Cautionary Tale

In January, Innoventive Industries, a speciality steelmaker based in western India, was forced into the bankruptcy court by its lenders, testing for the first time new insolvency rules that aim to resolve India's $150 billion bad debt overhang

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Bankruptcy Law: Beyond The Code

The new bankruptcy law will strengthen hands of lenders to recover outstanding debts by setting a deadline of 180 days for companies to pay or face liquidation

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Bankruptcy Code Very Positive Financial Sector Reform: Nomura

The Insolvency and Bankruptcy Code will help improve the ease of doing business and will be a big positive for the banking sector as it aims to ensure a consolidated legal framework for resolving bankruptcy

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