Everything that can go wrong is going wrong with the big-ticket “reform” Insolvency and Bankruptcy Code (IBC) of 2016, which was sold as the panacea for stressed asset resolutions (NPAs).
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...
The global economy is in a downward trend, fueled by the 3rd wave of the pandemic. In India, the role of Public Sector Banks (PSB) who constitutes more than 65% of the banking system,...
An interview with Dr. Sangeetha Ghosh, on five years IBC and the recent amendment of bringing MSME sector into the ambit of IBC.
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”....
The then Finance Minister late Mr. Arun Jaitley & the present Finance Minister Smt. Nirmala Sitharaman used to say that IBC will prove to be a game changer. Indians are scared of stigma &...
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...
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...
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...
Presently the Indian Banking is passing through a deep crisis mainly on account of mounting Non-Performing Assets, which were unfolded after the Assets Quality Inspection by the RBI at the instance of the then...
New Banking Legislations: Boon or Bane? Conversation with Dr Thomas Franco, General Secretary, All India Bank Officers Confederation, on the perils of the recent banking legislations, including Insolvency and Bankruptcy Code (IBC) 2016, Banking...