Shree Tirupati Balajee FIBC Ltd

The Centre is likely to issue clarification on whether lessors of Go First airline can repossess their aircraft and engines. Go First had filed for insolvency due to financial challenges stemming from Pratt and Whitney engine issues. Separately, Jindal Power, owned by billionaire Naveen Jindal, has expressed preliminary interest in the beleaguered airline.

The Ministry of Corporate Affairs is looking at making relevant changes in the Insolvency and Bankruptcy Code. The insurers had raised concerns that they should have recourse to recovery on par with the banks. Unlike a bank guarantee, the Surety Bond Insurance does not require large collateral from the contractor.

Creditors and debtors can reach informal agreements on the plans to resolve bankruptcy and then approach the NCLT to quickly admit the cases. The existing management of stressed firms may be allowed to continue until resolution is complete. This is expected to reduce litigation in the insolvency admission and resolution process.

Creditors and debtors can reach an informal agreement on the plan to resolve a bankruptcy case and then approach the NCLT to quickly admit cases. The existing management of stressed firms may be allowed to continue until resolution is complete. This is expected to reduce litigation in the insolvency admission and resolution process and ease the workload of the adjudicating authority.

Creditors and debtors can reach an informal agreement on the plan to resolve a bankruptcy case and then approach the NCLT to quickly admit cases. The existing management of stressed firms may be allowed to continue until resolution is complete. This is expected to reduce litigation in the insolvency admission and resolution process and ease the workload of the adjudicating authority.

Insolvency and Bankruptcy Board of India (IBBI) seeks public comments on the regulations notified till date under the insolvency law. IBBI is a key institution in implementing the IBC, which came into force in late 2016. IBC provides for a time-bound and market-linked resolution of stressed assets. Comments from the public, including the stakeholders, have been sought till May 31.