Browsing Tag

Insolvency and Bankruptcy Code

2 posts
ED allows release of assets attached under PMLA to support insolvency resolution under IBC.

ED Allows Release of Attached Assets to Help IBC Resolution, Boost Recovery for Banks & Homebuyers

ED and IBBI introduce a unified mechanism allowing release of PMLA-attached assets for IBC resolution. This move is expected to unlock value in stalled insolvency cases and improve recovery for creditors and homebuyers.
Bombay High Court dismisses a plea to force Indian Bank into a loan settlement, affirming that borrowers cannot demand OTS. The ruling prioritizes banks’ rights to recover public funds.

Bombay High Court: Borrowers Can’t Force Banks to Settle Defaulted Loans

Bombay High Court dismisses a plea to force Indian Bank into a loan settlement, affirming that borrowers cannot demand OTS. The ruling prioritizes banks’ rights to recover public funds.