The special draft framework recommends that the insolvency procedures against an MSME can only be triggered by the MSME itself and not by any of the creditors

Outstanding loans worth Rs 50,000 crore are attached to hotel real estate. A 50 per cent delinquency would result in Rs 25,000 crore of loans turning bad

With the post-lockdown economy still to pick up, highly leveraged companies are looking at ways to reduce debt

Public Sector Banks will need  anywhere between Rs 75,000 crore to Rs 1 lakh crore of fresh capital from the government. Fresh NPAs means higher provisioning for bad loans , lower profits  and also delayed recovery as bankruptcy code has been suspended. It is time to build capital buffers in PSBs to face covid 19 loan losses. Anand Adhikari, Executive Editor, Business Today explains what needs to be done for Public Sector Banks.Also Read: How retail companies are trying to minimise job losses

MSMEs used bankruptcy proceedings threat as pressure point to force big corporates to not delay payments for supplies

Of this, 1,604 cases have been settled by the tribunals across the country by finding a new buyer, commencing liquidation, or allowing voluntary withdrawals

According to rating agency ICRA, the debt of Future Group's six listed firms increased to Rs 12,778 crore as of September 2019 from Rs 11,463 crore in March 2019

Apollo will continue to advise on AION investments until the end of the fund's term, but, both firms are free to pursue other business opportunities independently

With the insolvency and bankruptcy law suspended, the ecosystem of professionals around it faces disruption and uncertainty

Up to Rs 40 lakh crore worth of loans of banks are under six-month moratorium. The risk of default looms large

In the same period, when the stock market was soaring, India's coronavirus cases jumped from 500 levels to a mind boggling 2.36 lakh. By next weekend, India will become the fourth largest country in terms of coronavirus cases only next to the US, Brazil and Russia

This, however, will not apply to defaults committed before March 25, when a nationwide lockdown was imposed by the Centre to check the spread of coronavirus

This will be applicable for NPAs (non-performing assets) after March 25, with a provision to extend up to one year

Apart from suspension of the insolvency law, the government also announced a slew of other insolvency-related measures

To use this functionality, the appointed IRP/RP should choose the reason to obtain new registration in the drop-down menu as \"corporate debtor undergoing the corporate insolvency resolution process by IRP/RP\" while applying for registration on the GST portal, GSTN said in a statement

On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But in reality, it is going to be a tough task for banks to get the full guaranteed amount from the guarantee corporation

Analysts say that the idea behind Bharti Telecom's deleveraging is to fortify the promoter firm when financial conditions are deteriorating for companies across the board

Changes in RBI mandate, new infra financing models and rules for new-age banks can rev up the banking engines

The deadline for completion of Jet Airways's insolvency resolution process has been extended till August 21 due to the lockdown

The creation of a bad bank in its present format can only provide a temporary reprieve, by enabling transfer of a large chunk of NPAs, to make the banks' balance sheet look better