IBBI doces quality check on insolvency professionals – Economic Times

NEW DELHI/ KOLKATA: Efficiency of the resolution infrastructure depends on the capabilities of the insolvency professionals The Insolvency and Bankruptcy Board of India (IBBI), the regulator overseeing bad-loan resolutions, is scaling up its capabilityassessment procedures to ensure that quality Insolvency Professionals are deployed in the potentially `8 lakh-crore exercise, seeking to win over an ecosystem…

Know the new world of insolvency professionals – Business Standard (press release) (registration) (blog)

Those who don the IP hat are usually chartered accountants or business managers Veena Mani¬† June 25, 2017 Last Updated at 23:53 IST Insolvency professionals (IPs) are the new kid in town in great demand particularly after the RBI asked bank… Read the full article at: http://www.business-standard.com/article/opinion/know-the-new-world-of-insolvency-professionals-117062500786_1.html

Boris Becker ‘to endure costly split with model wife Lilly after strained relationship’… adding to his financial … – Daily Mail

By Jabeen Waheed For Mailonline Published: 18:28 +10:00, 25 June 2017 | Updated: 20:08 +10:00, 25 June 2017 e-mail 51 View comments Boris Becker is reportedly splitting from his wife Lilly – a move which could potentially add to his financial woes. The three time Wimbledon tennis champion – who has been declared bankrupt over…

To initiate Insolvency proceedings: Banks to move NCLT against Bhushan Power & Steel – The Indian Express

By: ENS Economic Bureau | Mumbai | Published:June 24, 2017 2:03 am On Thursday, banks had decided to take Bhushan Steel, Essar Steel and Electrosteel Steels to NCLT for insolvency proceedings. Lenders, led by Punjab National Bank, on Friday decided to initiate proceedings against Bhushan Power & Steel under the Insolvency and Bankruptcy Code. Banks…

Tackling NPAs: Banks to kick off insolvency of Bhushan Steel, Essar Steel, Electrosteel; total loan Rs 92000 cr – Firstpost

Mumbai: Lenders led by the State Bank of India on Thursday decided to begin insolvency proceedings against Bhushan Steel, Essar Steel and Electrosteel Steels by referring them to the NCLT for recovery under the Insolvency and Bankruptcy Code (IBC). The decision was taken at a marathon meeting chaired by the SBI. While Bhushan Steel is…

Recent measures to facilitate restructuring and prevent insolvency – International Law Office (registration)

Introduction Measures to prevent insolvency warning signs Existing restructuring options Bankruptcy reform: what to expect Comment Introduction Luxembourg recently adopted a number of legislative reforms aimed at modernising the rules applicable to commercial companies. In relation to the restructuring and insolvency of Luxembourg-based entities, Parliament is discussing the long-awaited Bill 6539 (the so-called ‘Insolvency Bill’).…