* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, October 17, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Bella Thorne Shows Off Her Toned Abs in Crop Top – Yahoo

    Bella Thorne Shows Off Her Toned Abs in a Chic Crop Top

    Bricktown continues to thrive as OKC’s entertainment district – OKC VeloCity

    Bricktown Shines as Oklahoma City’s Premier Entertainment Hotspot

    This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

    This Haunting ’60s Country Song Will Break Your Heart All Over Again

    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

    Bluesman James Montgomery Will Perform In Falmouth – CapeNews.net

    Blues Legend James Montgomery Ready to Ignite the Stage in Falmouth

    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    DLG−Agrifuture Concept Winners 2025 announced – Visionary Ideas in agricultural technology recognized – TheNewsMarket

    Meet the Visionary Innovators Revolutionizing Agricultural Technology in 2025

    Spanning the Gulf: Global Defence Technology 155 – Army Technology

    Spanning the Gulf: Exploring Cutting-Edge Global Defence Technology

    A Nobel Prize for explaining when technology leads to growth – NPR

    Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

    Erie Canal’s 200th anniversary: How a technological marvel for trade changed the environment forever – The Conversation

    Erie Canal’s 200th Anniversary: How a Trade Marvel Transformed the Environment Forever

    Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

    Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

    Tracking DNA and RNA Together To Unlock Disease Insights – Technology Networks

    Unlocking Disease Insights by Tracking DNA and RNA Together

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Bella Thorne Shows Off Her Toned Abs in Crop Top – Yahoo

    Bella Thorne Shows Off Her Toned Abs in a Chic Crop Top

    Bricktown continues to thrive as OKC’s entertainment district – OKC VeloCity

    Bricktown Shines as Oklahoma City’s Premier Entertainment Hotspot

    This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

    This Haunting ’60s Country Song Will Break Your Heart All Over Again

    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

    Bluesman James Montgomery Will Perform In Falmouth – CapeNews.net

    Blues Legend James Montgomery Ready to Ignite the Stage in Falmouth

    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    DLG−Agrifuture Concept Winners 2025 announced – Visionary Ideas in agricultural technology recognized – TheNewsMarket

    Meet the Visionary Innovators Revolutionizing Agricultural Technology in 2025

    Spanning the Gulf: Global Defence Technology 155 – Army Technology

    Spanning the Gulf: Exploring Cutting-Edge Global Defence Technology

    A Nobel Prize for explaining when technology leads to growth – NPR

    Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

    Erie Canal’s 200th anniversary: How a technological marvel for trade changed the environment forever – The Conversation

    Erie Canal’s 200th Anniversary: How a Trade Marvel Transformed the Environment Forever

    Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

    Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

    Tracking DNA and RNA Together To Unlock Disease Insights – Technology Networks

    Unlocking Disease Insights by Tracking DNA and RNA Together

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

IBBI discussion paper: Two-part resolution plan to ensure swift takeover of a stressed firm by the winning bidder

November 3, 2023
in News
IBBI discussion paper: Two-part resolution plan to ensure swift takeover of a stressed firm by the winning bidder
Share on FacebookShare on Twitter

The insolvency regulator has proposed a “two-part resolution plan” structure to ensure swift takeover of the stressed firm by the winning suitor to keep it as a going concern without delay, which, in turn, will prevent asset value erosion.

In a discussion paper, the Insolvency and Bankruptcy Board of India (IBBI) has said the first part of the resolution plan will enable the National Company Law Tribunal (NCLT) to approve the rescue plan giving control to the acquirer so that the sick firm can quickly resume or accelerate its operations.

The second part, it said, should deal with the usually-contentious issue of the distribution of resolution proceeds among various stakeholders. Given that this issue often leads to litigation and delays the resolution process, separating the two critical parts of the rescue plan will, therefore, ensure the sick firm doesn’t sink further, the regulator reckons.

Under the extant system, the resolution plan has to be approved in one part and in its entirety.

So, the first part will include the resolution amount and the terms of the plan and its feasibility, viability and implementation schedule, among others. The second part will stipulate how the plan has dealt with the interests of all stakeholders and the payments to be made to them against their admitted claims.

The new proposal, the IBBI said, aims to “streamline the resolutions and prevent delay in the implementation of the resolution plan”.

Experts have often blamed inordinate delay in resolution for poor recovery from stressed assets. As many as 67% of the insolvency cases, where resolution is being pursued, have exceeded the 270-day time-frame. The Insolvency and Bankruptcy Code (IBC) stipulates resolution within 180 days, which can be extended by 90 days with the NCLT approval.

The recovery in 808 resolved cases, since the insolvency regime came into force in late 2016, stood at Rs 3.16 lakh crore as of September 30, 2023, or just 31.85% of the admitted claims of the creditors. Of course, the cumulative proceeds were 86.31% of the fair value of the companies (when the IBC was invoked) and 168.5% of their liquidation value, according to the latest IBBI data.

The paper dated November 1 proposes seven changes to regulations to make the insolvency resolution process more effective and transparent. The regulator has sought public comments on them by November 22.

Share of dissenters

In another important change, IBBI has suggested that dissenting financial creditors be entitled to lower claim of the resolution amount or the liquidation value.

“To provide clarity with regard to entitlement of dissenting financial creditors, which shall be lower of the: (i) amount that would have been paid to such creditors, if the amount to be distributed under the resolution plan had been distributed in accordance with the order of priority in sub-section (1) of section 53; or (ii) the liquidation value as defined under these regulations been distributed in accordance with the order of priority in sub-section (1) of section 53,” it said.

The paper proposes to make it mandatory for the committee of creditors (CoC), which decides on resolution plans for bankrupt firms, to hold meetings at least once a month to review progress. It noted that in several cases, they haven’t held regular meetings, delaying decision-making involving the rescue plans.

In a bid to generate greater investor interest, the regulator has proposed that the fair value of a stressed firm be made part of the information memorandum for the potential suitors. At present, the information on such valuations is available only to the insolvency professional and the CoC, in addition to the valuers.

“It (the current system) creates an information asymmetry. It dissuades resolution applicants to participate who fear that some other resolution applicants may have better information on value. This (proposed) transparency ensures that all resolution applicants operate with the same set of information, fostering trust and encouraging participation. So, a proposal for disclosure of fair value is deemed to attract more serious bidders and may result in better value,” the discussion paper said.

It has also recommended that registered valuers estimate both the fair value and the liquidation value of an insolvent company in accordance with “internationally accepted valuation standards, after physical verification of the inventory and fixed assets of the corporate debtor”. They must also explain the valuation methodology to the CoC members.

Seeking to remove any ambiguity in the current regulations, the paper states explicitly that the insolvency professional must seek approval from the CoC for all the expenses, including the expenditure incurred in running the stressed firm as a going concern.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : The Times of India – https://economictimes.indiatimes.com/news/india/ibbi-discussion-paper-two-part-resolution-plan-to-ensure-swift-takeover-of-a-stressed-firm-by-the-winning-bidder/articleshow/104925346.cms

Tags: discussionnews‎Paper
Previous Post

Tucker Carlson, Former Fox News Host, Visits Julian Assange in Prison

Next Post

Taylor Swift’s Eras Tour Movie: When and Where to Stream the movie

Some Wisconsin lawmakers want paychecks withheld during gov­ernment shutdown, others don’t – Spectrum News 1

Some Wisconsin lawmakers want paychecks withheld during gov­ernment shutdown, others don’t – Spectrum News 1

October 17, 2025
Driving in circles – Economy and ecology – ips-journal.eu

Driving in circles – Economy and ecology – ips-journal.eu

October 17, 2025
RFK Jr’s Health Policies Are Helping China Defeat America in Science – The National Interest

How RFK Jr.’s Health Policies Are Shaping the Global Science Race-and Giving China a Leading Advantage

October 17, 2025
VIDEO: Gustafson House serves new role for Forensic Science – University of North Dakota

Watch Gustafson House Evolve into a Cutting-Edge Center for Forensic Science Innovation

October 17, 2025
Customizable Finger Brace Eases Rehab, Arthritis Care – Black Belt News Network

Revolutionary Customizable Finger Brace Transforms Rehab and Arthritis Relief

October 17, 2025
DLG−Agrifuture Concept Winners 2025 announced – Visionary Ideas in agricultural technology recognized – TheNewsMarket

Meet the Visionary Innovators Revolutionizing Agricultural Technology in 2025

October 17, 2025
Editor Score Predictions: Nebraska vs. Minnesota – The Daily Nebraskan

Epic Clash Ahead: Nebraska vs. Minnesota Predictions Unveiled

October 17, 2025
How People Around the World View AI – Pew Research Center

How People Around the World Really Feel About AI: Surprising Insights Revealed

October 17, 2025
75% of Americans report soaring prices as Trump claims inflation ‘over’ – The Guardian

75% of Americans Struggle with Soaring Prices Despite Trump’s Claim That Inflation Is ‘Over

October 17, 2025
Bella Thorne Shows Off Her Toned Abs in Crop Top – Yahoo

Bella Thorne Shows Off Her Toned Abs in a Chic Crop Top

October 17, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (872)
  • Economy (893)
  • Entertainment (21,765)
  • General (17,648)
  • Health (9,934)
  • Lifestyle (906)
  • News (22,149)
  • People (894)
  • Politics (904)
  • Science (16,104)
  • Sports (21,393)
  • Technology (15,873)
  • World (876)

Recent News

Some Wisconsin lawmakers want paychecks withheld during gov­ernment shutdown, others don’t – Spectrum News 1

Some Wisconsin lawmakers want paychecks withheld during gov­ernment shutdown, others don’t – Spectrum News 1

October 17, 2025
Driving in circles – Economy and ecology – ips-journal.eu

Driving in circles – Economy and ecology – ips-journal.eu

October 17, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version