According to the terms of loan resolution in the Insolvency and Bankruptcy Code, the first preference on recovery is to secured financial creditors, followed by unsecured financial creditors, and then operational creditors.

Insolvency Code has motivated a lot of lenders to suo moto move the court against their borrowers and recover their bad debts without showing any further leniency.

The recent amendments in the bankruptcy resolution framework will help reduce timelines, enhance transparency and improve realisations.

The IBC is playing a crucial role in helping the banks recover their bad debts and these vacations if avoided can help in resolving the mounting cases and help in ease of doing business.

The IBC has clearly outlined the powers and duties of the resolution professional that he can exercise during the insolvency resolution process

President Ram Nath Kovind has given his nod to promulgate an ordinance amending the insolvency law, recognising homebuyers as financial creditors to real estate developers.

The latest ordinance has brought about a lot of changes to the IBC giving relief to small stakeholders and homebuyers but this relief has caused delays in executing the process.

A big relief to homebuyers and promoters and now they can be an equal part of the CoC, as the President also has given his assent to the Ordinance effecting amendments in insolvency code.

In this article we will discuss about the insolvency process by an Operational Creditor and extensively cover the entire topic in the most precise manner.

In this article we will precisely discuss about the conduct of insolvency process by corporate debtor who is also called as corporate applicant.

The Supreme Court rejected an appeal by Dalmia Bharat , one of the bidder who lost out to UltraTech Cement in the second round of bidding, to stay the resolution process of Binani Cement.

The homebuyers have got a huge sigh of relief, and are finding it easier to get their money back which was a big deal before the enactment of IBC.

To rescue themselves from this misfortune Fraud-hit Punjab National Bank plans to raise Rs 13,000 crore through stake sale in subsidiaries and recovery of bad loans by September end.

Initiation process of Insolvency Resolution by a financial creditor in the easiest possible manner along with the time line that is required to be followed.

The IBC in section 29A bars promoters to take part in bidding process thus making them ineligible for representation in the committee of creditors.