Failing Resolutions, Faltering Recovery: Unchecked Vikas of Corporate Defaulters
The gap between the IBC's intended purpose and its real-world uses raises worries about the overall economic impact.
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.
Insolvency of ‘Insolvency and Bankruptcy Code’ – Booklet
Insolvency and Bankruptcy Code was brought in 2016 with a huge fan flare and was presented as a magic solution for the underlying problem of corporate bad loans. After 5 years, we can see...
How ‘The insolvency and bankruptcy code’ helps to loot public money ‘legally’
A law called “The insolvency and bankruptcy code (IBC) 2016” was enacted in the parliament in May 2016 apparently to recover the mounting Non-Performing Asset (NPA) from the corporate sector. This law enables the...
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”....
Snippets from the World of National Financial Institutions – August, 2019
Sovereign Debt: Liability in Perpetuity The announcement – made by Nirmala Sitharaman, Finance Minister of India in her maiden budget speech – that India will look for options to raise funds from external markets...
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...
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...
The Arbitrary Bank Charges must be Removed
Banks act as financial intermediaries between depositors and borrowers. It is the public money, deposited in the form of term deposit (fixed deposits) and time deposit (saving & current accounts) which banks use for...
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...
Banking in the Dilemma of Recovery
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...
The Perils of the Recent Banking Legislations in India
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...