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Business News/Topic/ Insolvency And Bankruptcy Code

INSOLVENCY AND BANKRUPTCY CODE

Get the latest Insolvency and bankruptcy code news, videos and headlines. Explore more for Insolvency and bankruptcy code breaking news, opinions, special reports and more on mint.

Defunct companies have a low recovery rate for lenders compared with bankrupt businesses that remain operational during the resolution process. (Reuters)

Punish bankrupt company owners who don't cooperate in debt resolution: ICAI

4 min read . 12 May 2025

The Supreme Court's decision to annul JSW Steel’s acquisition of Bhushan Power & Steel Ltd (BPSL) and order its liquidation is causing a storm in the country. (REUTERS)

The SC’s JSW-Bhushan ruling will hit both the IBC and investor confidence

4 min read . 07 May 2025

With the SC annulling JSW Steel’s acquisition, banks must return ₹19,350 crore under the March 2020 CoC undertaking. (Bloomberg)

Can JSW ruling upset insolvency regime’s balance?

2 min read . 07 May 2025

The Supreme Court recently set aside the acquisition of Bhushan Power and Steel Ltd by JSW Steel. (REUTERS)

Mint Quick Edit | JSW-Bhushan case: Close insolvency process gaps

1 min read . 05 May 2025

Some legal experts say JSW Steel may seek a review of the Supreme Court's judgment overturning the resolution plan approved five years ago for Bhushan Power and Steel. (Reuters)

Mint Explainer: Why the Bhushan Power judgment stunned the insolvency ecosystem

7 min read . 04 May 2025

Although Raveendran submitted affidavits disclosing his assets, Qatar Holding argued that the disclosures were incomplete, particularly concerning the Aakash shares. Photo: Paul Yeung/Bloomberg

Karnataka High Court dismisses Qatar Holding’s plea against Byju Raveendran

2 min read . 28 Apr 2025

The answer is not additional bureaucracy, but clear rule-of-thumb principles that promote fairness and efficiency. (Mint)

Do creditor committees in insolvency cases need an oversight body?

4 min read . 27 Apr 2025

Secured creditors have a lien, or a legal claim, on the assets of a bankrupt company. (Mint)

Court orders reset bankruptcy rules. Now, the govt is amending the law

4 min read . 14 Apr 2025

Zomato has said that Nona Lifestyle repeatedly missed delivery deadlines, triggering contractual penalties.

NCLT dismisses insolvency plea against Zomato over alleged payment default

1 min read . 03 Apr 2025

The IBBI discussion paper followed the Parliament Standing Committee on Finance’s recommendation in FY21 to eliminate the rule. (Mint)

Why taking away life support from bankrupt firms may yield better value

4 min read . 25 Mar 2025

On 10 September 2024, NCLAT had passed an interim order staying the NCLT ruling. Photo: Reuters

NCLAT junks bankruptcy case against Essar Oil and Gas Exploration

2 min read . 19 Mar 2025

Over the past six months, payments to multiple vendors have been stalled, while employees have only received delayed and partial salaries. (iStock)

After $70 mn in bank, e-commerce aggregator 10Club close to bankruptcy

3 min read . 19 Mar 2025

The regulator has been taking steps to optimize the resources available to companies undergoing bankruptcy. (Mint)

Be more open about losses of bankrupt firms, regulator tells resolution pros

2 min read . 18 Mar 2025

Stock Market Today AGS Transact Technologies share price hits lower circuit

AGS Transact faces insolvency over alleged unpaid dues: Stock hits lower circuit

1 min read . 03 Mar 2025

A balance must be maintained between the CCI's review of competition dynamics and the time-sensitive insolvency process. (Hindustan Times)

Decoding the Supreme Court’s decision: Implications for merger control in India

5 min read . 28 Feb 2025

Founded in 1996 by V.G. Siddhartha, Café Coffee Day quickly grew into one of India’s largest coffee chains, with its first outlet opening on Bengaluru’s Brigade Road. (File Photo: Mint)

NCLAT sets aside insolvency proceedings against Coffee Day Enterprises

2 min read . 27 Feb 2025

The I&B Board of India is finalizing a set of proposals to speed up resolution. Public consultation will end on Tuesday, February 25, though the deadline may be extended.
(Image: Pixabay)

I&B board to consider changes in bankruptcy laws amid low recovery rates

2 min read . 25 Feb 2025

Byju’s sought a settlement after its suspended management cleared the ₹158 crore dues—an amount owed under a sponsorship agreement with the BCCI. (Reuters)

NCLT asks BCCI to seek creditors' nod for ₹158 crore Byju’s settlement

3 min read . 10 Feb 2025

SpiceJet 's domestic market share has plummeted from 7.3% in January 2023 to 2.3% in August 2024, with 36 of its aircraft currently. (Photo: ANI)

Former SpiceJet pilots join bankruptcy chorus over ₹3 crore unpaid dues

4 min read . 05 Feb 2025

As of September 2024, only 160 cases of distressed builders stood resolved out of 1,760 admitted, according to IBBI data.

Bought a house and builder went broke? There’s hope

3 min read . 05 Feb 2025