TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Pakistani Father Kills Teen Daughter for Refusing to Delete TikTok

    Pakistani Father Kills Teen Daughter for Refusing to Delete TikTok

    Russian Woman Found Living in Gokarna Cave with Two Daughters, Faces Deportation Over Visa Violation

    Russian Woman Found Living in Gokarna Cave with Two Daughters, Faces Deportation Over Visa Violation

    No Dedicated NIA Judge for Kanhaiya Lal Trial Sparks Outrage

    Kanhaiya Lal Murder Trial in Deep Freeze? No Dedicated NIA Judge, Only 6 Witnesses Heard in 3 Years

    Khalistani Terrorist Pannun Threatens Kapil Sharma

    Khalistani Terrorist Pannun Threatens Kapil Sharma: ‘Why Are You Investing In Canada?’

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    TheGenInfinity.com reviews – Account Types

    TheGenInfinity.com reviews – Account Types

    TheExcellFuture.com reviews — Account Types

    TheExcellFuture.com reviews — Account Types

    UniSmartMove.com reviews – Registration

    UniSmartMove.com reviews – Registration

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Representative Image

    EXCLUSIVE: After Operation Sindoor, India Arms Its Forces for New Battlefront: War for Narrative Dominance

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    Decoy That Changed the Game: How India's AI-Powered X-Guard Neutralised Pakistani Air Threats

    Rafale Decoy Confused Pakistan Jets During Operation Sindoor, Claims US Veteran Pilot

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Representative Image

    EXCLUSIVE: After Operation Sindoor, India Arms Its Forces for New Battlefront: War for Narrative Dominance

    Kapil Sharma’s Café Targeted by Suspected Khalistani Terrorists

    Kapil Sharma’s Café Targeted by Khalistani Terrorists: Canada’s Dangerous Embrace of Radical Elements Exposed

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife, Asks Him to Wait Till She’s 9

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    The Pride of Maratha Power Gets UNESCO Tag

    From Raigad to Suvarnadurg: The Pride of Maratha Power Gets UNESCO Tag

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    The Beginning of Devotion: History of the First Kanwar Yatra

    The Beginning of Devotion: History of the First Kanwar Yatra 

    Kanwar Yatra: UP Gears Up With Full-Scale Arrangements

    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Khalistani Terrorist Pannun Threatens Kapil Sharma

    Khalistani Terrorist Pannun Threatens Kapil Sharma: ‘Why Are You Investing In Canada?’

    Nova88 App Compatibility: Works Seamlessly on All Devices

    Nova88 App Compatibility: Works Seamlessly on All Devices

    Why Every Sports Team Now Has a Data Scientist

    Why Every Sports Team Now Has a Data Scientist

    Prakash Raj, Vijay Deverakonda among other Tollywood actors booked for promoting illegal betting apps

    Prakash Raj, Deverakonda, Rana Booked by ED in Betting Scam Case

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Pakistani Father Kills Teen Daughter for Refusing to Delete TikTok

    Pakistani Father Kills Teen Daughter for Refusing to Delete TikTok

    Russian Woman Found Living in Gokarna Cave with Two Daughters, Faces Deportation Over Visa Violation

    Russian Woman Found Living in Gokarna Cave with Two Daughters, Faces Deportation Over Visa Violation

    No Dedicated NIA Judge for Kanhaiya Lal Trial Sparks Outrage

    Kanhaiya Lal Murder Trial in Deep Freeze? No Dedicated NIA Judge, Only 6 Witnesses Heard in 3 Years

    Khalistani Terrorist Pannun Threatens Kapil Sharma

    Khalistani Terrorist Pannun Threatens Kapil Sharma: ‘Why Are You Investing In Canada?’

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    TheGenInfinity.com reviews – Account Types

    TheGenInfinity.com reviews – Account Types

    TheExcellFuture.com reviews — Account Types

    TheExcellFuture.com reviews — Account Types

    UniSmartMove.com reviews – Registration

    UniSmartMove.com reviews – Registration

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Representative Image

    EXCLUSIVE: After Operation Sindoor, India Arms Its Forces for New Battlefront: War for Narrative Dominance

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    Decoy That Changed the Game: How India's AI-Powered X-Guard Neutralised Pakistani Air Threats

    Rafale Decoy Confused Pakistan Jets During Operation Sindoor, Claims US Veteran Pilot

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Representative Image

    EXCLUSIVE: After Operation Sindoor, India Arms Its Forces for New Battlefront: War for Narrative Dominance

    Kapil Sharma’s Café Targeted by Suspected Khalistani Terrorists

    Kapil Sharma’s Café Targeted by Khalistani Terrorists: Canada’s Dangerous Embrace of Radical Elements Exposed

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife, Asks Him to Wait Till She’s 9

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    The Pride of Maratha Power Gets UNESCO Tag

    From Raigad to Suvarnadurg: The Pride of Maratha Power Gets UNESCO Tag

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    The Beginning of Devotion: History of the First Kanwar Yatra

    The Beginning of Devotion: History of the First Kanwar Yatra 

    Kanwar Yatra: UP Gears Up With Full-Scale Arrangements

    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Khalistani Terrorist Pannun Threatens Kapil Sharma

    Khalistani Terrorist Pannun Threatens Kapil Sharma: ‘Why Are You Investing In Canada?’

    Nova88 App Compatibility: Works Seamlessly on All Devices

    Nova88 App Compatibility: Works Seamlessly on All Devices

    Why Every Sports Team Now Has a Data Scientist

    Why Every Sports Team Now Has a Data Scientist

    Prakash Raj, Vijay Deverakonda among other Tollywood actors booked for promoting illegal betting apps

    Prakash Raj, Deverakonda, Rana Booked by ED in Betting Scam Case

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

₹37,400 crore: IBC marks the biggest recovery of NPAs this year

Abhishek Kumar Singh by Abhishek Kumar Singh
28 September 2021
in Economy
IBC, NPAs, Modi, DHFL, bank
Share on FacebookShare on X

In the past, crony capitalists have found a way to circumvent the democratic setup. They have been using public money for their businesses, and if the businesses failed, they were not made liable for the failures. However, this is not the case anymore, as IBC has been making headwinds into the Indian economic space, and the recovery of NPAs has caught its pace.

DHFL creditors get a sigh of relief

Thanks to Insolvency and Bankruptcy Code, the lenders of Dewan Housing Finance Corporation Ltd (DHFL), a deposit-taking housing finance company are about to get the first installment of their dues. The total amount recovered in the first phase will be Rs 37, 400.  This amount will be further divided into 20 per cent cash and 23 per cent non-convertible debenture (due in seven years). The non-convertible debenture is a type of bond which is backed by a company or government (In this case, Piramal Group is the parent of DHFL).

RelatedPosts

Tejashwi Uses AI-Generated Ambedkar Video to Offset Lalu’s ‘Insult’: Can Digital Reverence Replace Real Accountability?

Time to Reshape Global Governance, Empower the Global South: PM Modi

“I Was In The Room”: Jaishankar Dismantles Trump’s India-Pakistan Ceasefire Story

Load More
Source: Business Standard

The consortium of lenders which is led by the State Bank of India and consists of Bank of India (BOI) and Union Bank of India (UBI) is to receive a total payment of Rs 87,400 crores. SBI had given Rs 7,267 crores, BOI had given 7,125 crores while UBI has total claims of Rs 3,605 crores as a loan to DHFL. Out of the recovered amount, Rs 1,453 crores will go to SBI, BOI will be getting Rs 825 crore, Rs 721 crores will be handed over to UBI.

DHFL’s problem came to the limelight in June 2019, when it defaulted on several debt payments, which resulted in a 90 percent fall in share price. For the next few months, it was hit by constant raids and money-laundering charges. Finally, in 2020, the Reserve Bank of India removed the board of directors of the DFHL, citing “governance concerns and defaults” regarding payment obligations. The insolvency proceeding was then handed over to the National Company Law Tribunal (NCLT) under the provisions of IBC, 2016.

Before the Modi government came to the power in 2014, the total NPAs stood around 52 lakh crore. The simplified process under the IBC has reduced NPAs to 8.34 lakh crores by March to 31 NPAs this year. Insolvency proceeding normally used to take around 4.3 years on an average in India, which is way slower than 1 year in the United Kingdom and 1.5 years in the USA. The IBC has not just reduced this time period, but also made India a friendlier destination for companies looking to invest in India.

Read more: Defaulting industrialists run to save their assets and payback loans,’ Modi govt’s IBC reform registers mind-boggling success

IBC-A game-changer for entrepreneurs

The insolvency and bankruptcy code, 2016 is a landmark bankruptcy law that provides a single-window solution for insolvent companies. Consisting of 255 sections and 11 schedules, it simplifies the process and protects the interest of small investors. Under IBC, an insolvency process has to be completed within 180 days of initiation of proceedings. It allows for the extension of deadlines, only if the creditors agree to it. Apart from quick resolution, one specific provision which makes it successful is that it provides the creditors to gain control over the debtor’s assets in case of default in repayment.

IBC is regulated by the Insolvency and Bankruptcy Board of India (IBBI), which consists of 10 members from RBI, Finance, and the law ministry. If the companies do not find the insolvency proceedings satisfactory, then they have to go to the National Company Law Tribunal (NCLT). This has turned out to be a game-changer in the ease of doing business in India. 

Earlier, the companies were not sure about India’s promise of upholding the rule of law, but IBC with its fixed deadline changed this perception. However, even after so much efficiency under the 2016 code, IBC was missing MSME-specific solutions. The IBC 2.0 introduced in 2021 has provided specific remedies for insolvency in MSME sectors as well.

Read more: The Insolvency and Bankruptcy Code 2016 was a brilliant success but it had one drawback. IBC 2.0 will change that

Owing to initiatives like Aatmanirbhar Bharat, Make-in-India, and schemes like Startup India and standup India introduced by the government, more and more companies are propping up. But we have to acknowledge that not every company will be successful and only a few will turn out to be unicorns. IBC’s most significant feature is that it provides flexibility for companies that are on the verge of failure, while also making sure that they do not end up taking advantage of flexible rules.

Tags: DHFLibcInsolvency and bankruptcy CodeModinon performing assets
Share91TweetSend
Previous Post

As predicted by TFI 3 years back, Land Jihad becomes a huge problem in Uttarakhand

Next Post

Is Prashant Kishor behind the sudden and quick disintegration of the Congress Party?

Related Posts

WiseProfitWay.com reviews – Trading Times
Finance

WiseProfitWay.com reviews – Trading Times

11 July 2025

If you’ve ever searched for a forex broker, you know how overwhelming it can be. So many names, bold...

TheGenInfinity.com reviews – Account Types
Finance

TheGenInfinity.com reviews – Account Types

11 July 2025

Let’s be honest — the forex world is packed with promises. Every broker claims to be “the one,” but...

TheExcellFuture.com reviews — Account Types
Finance

TheExcellFuture.com reviews — Account Types

11 July 2025

Let’s be honest — in the world of forex, trust is everything. You’re not just clicking buttons on a...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

How UPI went global? Why Namibia Adopted It?

How UPI went global? Why Namibia Adopted It?

00:07:20

Stalin’s DMK Faces Heat Over Brutal Custodial Killings in Tamil Nadu

00:08:06

Hindu girl r@ped, burned with cigarettes and forced to convert to Islam

00:03:31

Delhi’s Trump Card: Kejriwal Wants a Nobel for Surviving Politics

00:05:03

Team B of DMK? The Truth About Actor Vijay’s Party

00:07:45
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited