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IBC Amendments Aim Faster Debt Resolution Framework Why in the News ? The Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, introducing major reforms such as creditor-initiated processes, group insolvency, and cross-border mechanisms to strengthen India’s insolvency framework and improve resolution efficiency while ensuring compliance with environmental clearance requirements and other …
Read MoreSupreme Court Flags Flaws in SARFAESI Debt Law Why in the News? The Supreme Court has urged the Finance Ministry to review and amend the SARFAESI Act, highlighting anomalies in Section 13(8) and related rules that have triggered prolonged disputes, delayed recoveries, and clogged debt recovery tribunals across the country. This call for legislative reform …
Read MoreWhy in the news? The National Company Law Tribunal (NCLT) ordered the initiation of insolvency proceedings against Jaiprakash Associates Ltd. (JAL) on June 3. Jaiprakash Associates Ltd. (JAL’s) claim of facing a liquidity crunch and defaulting on debt repayments due to government delays and litigation was rejected by the NCLT. source:slideplayer About National Company Law …
Read MoreWhy in the news? Only 17% of cases under the Insolvency and Bankruptcy Code (IBC) yielded a resolution plan. Post-National Company Law Tribunal (NCLT) admission, the majority of cases were withdrawn. Liquidation for 960 corporate debtors was completed, but creditors realised only 4% of their total admitted claims. source:slideshare About The Insolvency and Bankruptcy Code …
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