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NCLT registers 43 pc jump in debt resolution cases: IBBI

IBBI marks 2023-24 as significant, NCLT sees 43% more resolutions. Mediation in IBC, prepack insolvency for large corp. Outputs surpass inputs, reducing pendency. Emphasis on MSMEs, asset quality, debtor-creditor collaboration.

Bankruptcy rescues have soared this year Here is why

Taxman to step aside for banks in bankruptcy waterfall

insolvency law: Thousands of debtors resolving cases before admission under insolvency law: IBBI

The Insolvency and Bankruptcy Code (IBC), introduced in December 2016, provides for a time-bound and market-linked resolution of stressed assets. "The credible threat of the Code, that a CD may change hands, has changed the behaviour of debtors. Thousands of debtors are resolving distress in early stages of distress.

IBBI amends norms to streamline, ensure more transparency in insolvency resolution process

Regulator IBBI has amended corporate insolvency resolution process norms to increase transparency and accountability. Separate accounts, valuation methodology explanation, and separate resolution plans for real estate projects are now mandatory. Regular meetings and the option for a monitoring committee have also been introduced.

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