IBC | inves4: Indian Equity Investing

Defaulting company promoters to be given new lease of life? All eyes on a big new IBC proposal

India’s insolvency framework could soon see a significant shift, with the proposed amendments to the Insolvency and Bankruptcy Code (IBC) introducing a mechanism that allows certain defaulting promoters to retain control of their companies during the resolution process, The Times of India reported on April 7. The system, according to the report (by Mayur Shetty), … Read more

‘Persistent and systemic challenges’ undermine IBC’s full potential: Parliamentary committee

The Insolvency and Bankruptcy Code (IBC) has so far played a significant role in enhancing India’s ease of doing business, but despite its successes, there are “persistent and systemic challenges” that undermine its optimal performance, the Parliamentary Standing Committee on Finance has said. In its ‘Review of Working of Insolvency and Bankruptcy Code and Emerging … Read more