Rising litigation mars debt resolution under Insolvency and Bankruptcy Code – Business Standard

With bidders and owners of companies that defaulted on debt repayments complaining of arbitrary use and interpretations of the Insolvency and Bankruptcy Code (IBC) by insolvency resolution professionals (IRPs) and lenders, more cases relating to non-performing assets (NPAs) resolution are likely to head to court. While the resolution process of Binani Cement, Videocon Industries,…

Why SA state owned enterprises should consider business rescue – BusinessTech

As State Owned Enterprises (SOEs) continue to struggle under severe financial pressure, perhaps it is time for them to consider business rescue to alleviate continued financial distress and to avoid potential personal liability of directors who continue to run these companies and rely on the inevitable call up of a government guarantee. This is according…