-Scroll.in The Insolvency and Banking Code was brought in as a law in May 2016 to resolve cases of unpaid debts by companies. It allows creditors to initiate insolvency proceedings against defaulting companies so as to recover their money. The code was thought necessary because existing systems of dealing with insolvent companies had failed to deliver, with cases dragging on for years without result. The code sets up an Insolvency and Bankruptcy...

-Scroll.in A year after its launch, the new process that handles the recovery of crores of rupees of unpaid corporate debt is shrouded in opaqueness. India’s new insolvency and bankruptcy regime has been functioning for a year without any disclosure norms or mandatory transparency regulations. In the first year of its application, the regime is already dealing with more than 450 cases that add up to thousands of crores of rupees...

-Hindustan Times New Delhi: It’s quite possible that in this Parliament session, India will make the transition from being a wasteful welfare state to a reformed economy that allocates scarce resources efficiently. The Modi government on Thursday introduced the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016. When signed into law, the bill will make Aadhaar -- the unique biometric identification number -- central to all social...

-The Hindu Business Line It is not just about making matters easier for corporates. Distressed farmers can access relief under pressing circumstances The Insolvency and Bankruptcy Code (IBC) aims at improving the failing credit market situation in the country. A healthy credit market functions well where the debtor and the creditor have faith that their interests are recognised and protected under law. Failure to pay debt is a common occurrence but surprisingly, the...