IBC Archives - Centre for Financial Accountability

Insolvency and Bankruptcy Code Requires a Serious Review

Insolvency and Bankruptcy Code (IBC) came into effect in 2016 with the following objectives: Maximize the value of the a...

General Random Reflections

Article

IBC’s stressed asset resolution is under severe stress, needs overhauling

Recovery has fallen to 16.6% by the end of March 2022, meaning 83% of total debts of banks and other financial instituti...

Article

ABG Shipyard Scam- Need for Accountability and Overhaul of the System

To begin the story, here is a gist of media reporting on the issue- ABG Shipyard was incorporated on 15th March 1985 as ...

General Random Reflections

Article

A Dint on the PSB’s NPA Management

Introduction The global economy is in a downward trend, fuelled by the third wave of the pandemic. In India, the role of...

Finance General Indian Economy NPAs

Video

Insolvency & Bankruptcy Code- Claims and Reality

An interview with Dr. Sangeetha Ghosh, on five years IBC and the recent amendment of bringing MSME sector into the ambit...

Videos

Article

Mallya, Choksi & Nirav Modi Should Have Gone the NCLT Route!

Harsh Goenka, Chairman, RPG Enterprise has stated, “Promoters slash away on the side, take the company to cleaners, get ...

General Random Reflections

Article

IBC: Escape Route for Big Corporate ?

The then Finance Minister late Mr. Arun Jaitley & the present Finance Minister Smt. Nirmala Sitharaman used to say ...

General Indian Economy

Article

Report: Insolvency and Bankruptcy Code: Whose Loss, Whose Gain?

Insolvency and Bankruptcy Code (IBC), once hailed as the panacea of all ills plaguing bad debt of corporations and for q...

National Financial Institutions NFIs NPAs Publications

Article

How We’re Legalising the ‘Bezzle’

Much has been written about the nonperforming asset (NPA) crisis plaguing the Indian banking system. The Insolvency and ...

Coverage

Article

Haircut for the Lenders Under Insolvency and Bankruptcy Code!

When the Bill for ‘Insolvency and Bankruptcy Code, 2016’ was passed in parliament in May 2016, it was hailed as the bigg...

Blog

January 12, 2024

Thomas Franco

Insolvency and Bankruptcy Code Requires a Serious Review

Insolvency and Bankruptcy Code (IBC) came into effect in 2016 with the following objectives: Maximize the value of the assets of the debtor, promote entrepreneurship and encourage entrepreneurship, ensure a timely and effective resolution of insolvency and bankruptcy cases, balance the interests of ...

General Random Reflections

Article

May 10, 2022

Prasanna Mohanty

IBC’s stressed asset resolution is under severe stress, needs overhauling

Recovery has fallen to 16.6% by the end of March 2022, meaning 83% of total debts of banks and other financial institutions have been lost in the process and liquidation of firms is very high at 77% Everything that can go wrong is going wrong with the big-ticket “reform” Insolvency and Bankruptcy C...

Finance General Indian Economy NPAs

Article

February 19, 2022

Thomas Franco

ABG Shipyard Scam- Need for Accountability and Overhaul of the System

To begin the story, here is a gist of media reporting on the issue- ABG Shipyard was incorporated on 15th March 1985 as a ship building and repair business in Gujarat with an office in Mumbai. Its Chairman as well as Managing Director is Rishi Kamlesh Agarwal and Directors are Santhanam Muthasamy, A...

General Random Reflections

Article

January 18, 2022

Kannan Neelamegan

A Dint on the PSB’s NPA Management

Introduction The global economy is in a downward trend, fuelled by the third wave of the pandemic. In India, the role of Public Sector Banks (PSBs) which constitute more than 65% of the banking system, is critical to slow down this trend and reduce the impact on the economy, as seen during the 2008 ...

Finance General Indian Economy NPAs

Article

March 11, 2026

CFA Admin

Insolvency & Bankruptcy Code- Claims and Reality

An interview with Dr. Sangeetha Ghosh, on five years IBC and the recent amendment of bringing MSME sector into the ambit of IBC. Watch the video here: ...

Videos

Video

June 26, 2021

Thomas Franco

Mallya, Choksi & Nirav Modi Should Have Gone the NCLT Route!

Harsh Goenka, Chairman, RPG Enterprise has stated, “Promoters slash away on the side, take the company to cleaners, get an 80% to 90% haircut from Bankers / NCLT. That’s the new game in town”. He has tweeted this to the Prime Minister of India. Sowmya Datta, General Secretary, ‘All India Bank Offic...

General Random Reflections

Article

June 18, 2021

Devidas Tuljapurkar

IBC: Escape Route for Big Corporate ?

The then Finance Minister late Mr. Arun Jaitley & the present Finance Minister Smt. Nirmala Sitharaman used to say that the Insolvency and Bankruptcy Code (IBC) will prove to be a game changer. Indians are scared of stigma & thus borrowers will come forward & will pay back. Now the emer...

General Indian Economy

Article

September 13, 2019

Nishank

Report: Insolvency and Bankruptcy Code: Whose Loss, Whose Gain?

Insolvency and Bankruptcy Code (IBC), once hailed as the panacea of all ills plaguing bad debt of corporations and for quick recovery of outstanding loans from them, has been in operations for a while now. What we have seen is, on the one hand, large corporates wriggling out of bad debts lightly and...

National Financial Institutions NFIs NPAs Publications

Article

February 19, 2019

The Economic Times

How We’re Legalising the ‘Bezzle’

Much has been written about the nonperforming asset (NPA) crisis plaguing the Indian banking system. The Insolvency and Bankruptcy Code (IBC) has been widely hailed as the silver bullet. But it has arguably done more to systematically ‘destroy value’ in the economy than any other legislation in the ...

Coverage

Article

September 1, 2018

Nishank

Haircut for the Lenders Under Insolvency and Bankruptcy Code!

When the Bill for ‘Insolvency and Bankruptcy Code, 2016’ was passed in parliament in May 2016, it was hailed as the biggest economic reform, only next to GST, by the current government. The Insolvency and Bankruptcy Code, 2016 consolidated and amended various laws relating to insolvency resolution o...

Blog

Article

Categories

IBC

Insolvency and Bankruptcy Code Requires a Serious Review

IBC’s stressed asset resolution is under severe stress, needs overhauling

ABG Shipyard Scam- Need for Accountability and Overhaul of the System

A Dint on the PSB’s NPA Management

Insolvency & Bankruptcy Code- Claims and Reality

Mallya, Choksi & Nirav Modi Should Have Gone the NCLT Route!

IBC: Escape Route for Big Corporate ?

Report: Insolvency and Bankruptcy Code: Whose Loss, Whose Gain?

How We’re Legalising the ‘Bezzle’

Haircut for the Lenders Under Insolvency and Bankruptcy Code!

Insolvency and Bankruptcy Code Requires a Serious Review

IBC’s stressed asset resolution is under severe stress, needs overhauling

ABG Shipyard Scam- Need for Accountability and Overhaul of the System

A Dint on the PSB’s NPA Management

Insolvency & Bankruptcy Code- Claims and Reality

Mallya, Choksi & Nirav Modi Should Have Gone the NCLT Route!

IBC: Escape Route for Big Corporate ?

Report: Insolvency and Bankruptcy Code: Whose Loss, Whose Gain?

How We’re Legalising the ‘Bezzle’

Haircut for the Lenders Under Insolvency and Bankruptcy Code!

CFA