New Delhi, Dec 29 (SocialNews.XYZ) The proposed amendments to the Insolvency and Bankruptcy Code (IBC) such as introduction of group insolvency, cross-border insolvency and creditor-initiated insolvency are encouraging as they could boost recovery rates which been persistently low due to the lengthy resolution process, according to a report released on Monday.

The strengthening of NCLT and NCLAT manpower along with other legal reforms are expected to reduce the burden on the judiciary, according to the ICRA report.

It expects the proposed amendments introduced to IBC code, in Parliament along with other reforms and proposals put forth by…

The proposed amendments to the Insolvency and Bankruptcy Code (IBC) are encouraging. They could help improve recovery rates and reduce resolution timelines. Still, credit rating agency ICRA noted that the changes do not address long-standing structural issues in the real estate sector, which continues to account for the second-highest share of cases under the corporate insolvency resolution process (CIRP). 

“Real estate sector-specific reforms have not been addressed in the current proposals despite the fact that the real estate and construction sector has the second highest share in cases ongoing in CIRP,” the agency said.
In a press release, ICRA said that while the recommendations from the Lok Sabha Select Committee (SCLB) and the…

New Delhi [India], December 29 (ANI): The proposed amendments to the Insolvency and Bankruptcy Code (IBC) are encouraging. They could help improve recovery rates and reduce resolution timelines. Still, credit rating agency ICRA noted that the changes do not address long-standing structural issues in the real estate sector, which continues to account for the second-highest share of cases under the corporate insolvency resolution process (CIRP).
“Real estate sector-specific reforms have not been addressed in the…

The proposed amendments to the Insolvency and Bankruptcy Code (IBC) such as introduction of group insolvency, cross-border insolvency and creditor-initiated insolvency are encouraging as they could boost recovery rates which been persistently low due to the lengthy resolution process, according to a report released on Monday.

The strengthening of NCLT and NCLAT manpower along with other legal reforms are expected to reduce the burden on the judiciary, according to the ICRA report.

It expects the proposed amendments introduced to IBC code, in Parliament along with other reforms and proposals put forth by Ministry of Corporate Affairs (MCA) and Insolvency and Bankruptcy Board of India (IBBI), to reduce recovery timelines and improve…

Synopsis: The company’s shares have fallen around 3 percent following its report to the RBI about the borrowing fraud committed by the erstwhile promoters, with fraud totalling Rs 2,343 crore.

The shares of the company which is one of the leading banking and financial services providers owned by the Government of India, are in focus after reporting financial fraud leading to increase in NPA.

With a market capitalization of Rs. 1,37,743 crore, Punjab National Bank’s shares on Monday opened to mark a day low of Rs. 116.25, down by 3.4  percent from its previous day’s closing price of Rs 120.35 per share. The share has given a return of 244 percent over the last 5 years.

Punjab National Bank, on December 26, 2025…