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access to info utilities under bankruptcy law: ibbi proposes, rbi disposes




even as the insolvency and bankruptcy board of india (ibbi) has issued standards for public information registries or information utilities to make the bankruptcy process work smoother, the reserve bank of india (rbi) has thrown a spanner in the works.  unless resolved soon, the dispute could prolo...



ibbi issues guidelines for tech standards for info utilities




the insolvency and bankruptcy board of india (ibbi) has issued guidelines for technical standards to be followed by information utilities, including for consent framework in sharing details with third parties.information utilities store financial information to help establish defaults and verify cla...



news digest: election results, stressed assets, frdi bill, and more




people rejected attempts to infuse 'poison of casteism' in gujarat: modithe bharatiya janata party (bjp) secured its sixth consecutive win in gujarat on monday and wrested himachal pradesh from the congress. prime minister narendra modi said these were a victory for the politics of “good governanc...



bankruptcy norms: knee-jerk reactions to structural deformities




a couple of recent amendments in the insolvency and bankruptcy board of india (insolvency resolution process for corporate persons) regulations, 2016, seem to be knee-jerk reactions towards the various issues surfaced in the implementation of the insolvency and bankruptcy code (ibc).   on august 16...



insolvency law: ibbi notifies norms for complaint handling




the regulations for grievance handling procedure under the insolvency and bankruptcy code have been notified, wherein the filing fee will be refunded to the stakeholder in case the complaint is found to be not "frivolous or malicious".the insolvency and bankruptcy board of india (ibbi), which is imp...



insolvency rules for corporate guarantors, individual firms by december




the rules for individual insolvency under the insolvency and bankruptcy code are likely to be notified by december. "it will come in a phased manner. at this point, we are trying to cover corporate guarantors. that is our main issue. in the first phase, we are dealing with corporate guarantors and i...



insolvency rules for individuals & firms by dec 17'




the rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon, an official of the insolvency and bankruptcy board of india (ibbi) said ."the rules and regulations for the first phase for insolvency regulations for individuals and firms is...



bankruptcy code: ibbi can initiate probe against insolvency professionals




press trust of india  |  new delhi  july 16, 2017 last updated at 14:07 ist



rbi panel reviews factors that could impact country's financial stability




a fsdc sub-committee, headed by rbi governor urjit r patel, on thursday reviewed the major global and domestic developments which could impinge on the country's financial stability.it also discussed the setting up of the national centre for financial education (ncfe), operationalisation of informat...



'no money down' bankruptcies prevalent among the poor, minorities




a new paper from a university of illinois law professor who studies consumer credit issues examines the breakdown in access to justice among the poor and minorities in the bankruptcy system, from which about 1 million americans will seek help this year. a crucial decision for those filing for bankru...



sebi to ask listed firms to record minute financial details




the securities and exchange board of india (sebi) is planning to ask listed entities to start using information utilities, set up under the insolvency law, to record minute financial details. experts say that this will ensure transparency as the existing declaration mechanism is mandatory only to a ...



financial turmoil in us won't impact india project: westinghouse




the us nuclear industry giant westinghouse, which is to build six atomic reactors in andhra pradesh, is expected to complete its bankruptcy proceedings by next year, and the on-going financial turmoil is unlikely to impact its india project, a top company official said on friday.krish rajan, westing...



insolvency and bankruptcy code: 14-member panel formed address issues




with rising number of cases under the insolvency and bankruptcy code, the government has set up a 14-member panel to identify and suggest ways to address issues faced in implementation of the law.the insolvency law committee, chaired by corporate affairs secretary injeti srinivas, would take stock o...



puerto rico files for bankruptcy




the island territory owes its creditors $70 billion, marking the largest bankruptcy in the u.s. municipal bond market’s history.



insolvency: as builders like jaypee go under, govt looks to ease homebuyers' pai




the central government is mulling ways to ensure homebuyers receive their dues as insolvency proceedings are initiated against more real estate companies on the lines of those against jaypee infratech.  this is being done keeping in mind that the salaried middle class, who invest their life’s sav...



boulder spinal surgeon indicted on charges of bankruptcy fraud, money laundering




a boulder spinal surgeon was arrested this week after being indicted by a federal grand jury on allegations she hid more than $200,000 in personal assets in a bankruptcy scheme.cathleen van buskirk was indicted dec. 4 on charges of bankruptcy fraud, concealment of bankruptcy assets, fraudulent trans...



ibc: the only way out is through




there is much concern about some developments in bankruptcy reform. in one transaction, the lenders got an abysmally low recovery rate. there is angst about promoters regaining control of defaulting companies at a low price. home buyers who have paid large advances to real estate companies are worri...



200 firms under ibc in 7 months, says ibbi chief m s sahoo




veena mani  |  new delhi  july 29, 2017 last updated at 23:57 ist



200 firms under ibc in 7 months, says ibbi chief m s sahoo




veena mani  |  new delhi  july 29, 2017 last updated at 20:05 ist



hackers tried selling celebrity info stolen from instagram




news that someone exploited an instagram security hole to steal info from some of its most popular accounts got worse when they began selling it. the verge reports this dark web service is no longer available, but the daily beast chatted with operators of the "doxagram" database who provided a sampl...



study: stereotypes about race and responsibility persist in bankruptcy system




image: bankruptcy attorneys have little knowledge of the racial disparities that exist within the bankruptcy system, relying instead on common stereotypes about race, responsibility and debt, according to research co-written by... view more credit: photo by l. brian staufferchampaign, ill. -- prio...



11 classic cars to buy today (for those ok with bankruptcy)




the best and shiniest of what's on offer at the big-time auction at amelia island this weekend. the post 11 classic cars to buy today (for those ok with bankruptcy) appeared first on wired.



ryanair filed a complaint with the eu over air berlin bankruptcy




the irish low-cost airline ryanair filed a complaint with eu competition authorities after german airline air berlin launched a bankruptcy procedure and then received a eur 150 million loan from the g



ramjas row: delhi hc disposes off plea seeking action against cops




ani  |  new delhi  march 7, 2017 last updated at 17:22 ist



mad catz has closed up shop: company will liquidate assets




mad catz, the gaming peripheral company that has been around for decades, has officially shut down. the news is sad but not unexpected — the company has struggled for years with financial difficulties, and last year it assembled a committee to see about selling the company. according to a newly pu...