However, there are a growing number of cases wherein companies which are a part of same corporate group come for insolvency resolutions. These cases are dealt with in isolation in the absence of a framework to have a common resolution for them. Issues related to interconnectedness of group companies have taken center stage in several insolvency proceedings. Thus, a demand for a "Group Insolvency Resolution Framework" has been voiced by the stakeholders of the IBC ecosystem.
Against this backdrop, this article attempts to throw some light on the various facets of the Group Insolvency Mechanism, the likely benefits of such a framework and the global legislations and cross border practices in this regard. The article also highlights the various measures taken by the government and the Insolvency and Bankruptcy Board of India (IBBI) for evolving the Group Insolvency norms.
Insolvency and Bankruptcy code (IBC) was introduced in 2016 to provide for a robust and efficient insolvency eco-system in India. Over the years, IBC has gained prominence in terms of loan recovery. Among all modes of recovery, IBC has accounted for 43.0 per cent in the total amount recovered in 2022-23 (Trend & Progress of Banking in India, RBI, December 2023). However, IBC is not merely to be seen as a loan recovery instrument; it must be construed as an instrument for preservation of economic value of assets through effective resolution in a unified and time bound manner. Hence, it is imperative that modern weapons are added to the IBC armory in order to strengthen its capacity for speedy resolutions.
هذه القصة مأخوذة من طبعة August 2024 من BANKING FINANCE.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 2024 من BANKING FINANCE.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
The Rise of ESG Investing: Global Trends and Opportunities in the Indian Market
Environmental, Social, and Governance (ESG) investing has emerged as a transformative trend in global financial markets. As the world grows more conscious of sustainability, investors are moving away from traditional profit-driven strategies towards investments that align with broader social and environmental values.
Thematic and Sectoral Funds: A Comprehensive Overview
In the dynamic world of mutual funds, thematic and sectoral funds have emerged as popular investment options for those looking to capitalize on specific economic trends, sectors, or themes. Unlike traditional diversified funds that spread investments across various sectors, thematic and sectoral funds focus on particular themes or sectors, offering investors the opportunity to align their portfolios with specific economic narratives or growth stories.
Bucketing Strategy
The rich cultural heritage of India is visible in the omnipresence of Forts across the Indian landscape. These structures reflect a larger-than-life style of living of India's richie rich. Even after centuries, this craze for physical asset prevail.
The Importance of Building Trust in Client Relationships
A successful engagement begins with recognizing the client's stage in life and the challenges they face. This empathetic approach sets the groundwork for providing tailored advice rather than a generic sales pitch.
The Fail Proof Model to Achieve your Financial Goals
Most of the Financial Goals fails because LACK OF DISCIPLINE strategy to achieve it. There is a say that, PEOPLE MAY FAIL BUT STRATEGY or PROCESS WON'T. Any goals with DISCIPLINED STRATEGY can increases the success rate of achieving by 90%.
The Evolution and Future of the Global Mutual Fund Industry
The global mutual fund industry has seen significant transformation over the last decade, driven by various factors such as technological advancements, changing investor preferences, regulatory reforms, and the rise of sustainable investing. These shifts have had profound implications on the mutual fund industry in India, where the market has experienced rapid growth.
Focussing on Attitude, Skill and Knowledge
One must consult a successful person in the field and walk the path. Repeat the success formula which worked for a person you can follow. Have mentors and coaches in life and the journey will become better and enjoyable.
Current Trends in Mutual Funds
Systematic Investment Plans (SIPs) have become one of the most popular investment strategies among Indian retail investors, offering a disciplined approach to wealth creation. SIPs allow investors to invest a fixed amount regularly (usually monthly) in mutual funds, thus averaging out the cost of investment and mitigating the impact of market volatility.
Key Regulatory Frameworks and Guidelines for Mutual Funds in India
The mutual fund industry in India has grown significantly over the years, making it a popular investment vehicle for retail and institutional investors. The regulatory environment has played a crucial role in fostering trust and transparency in the industry.
Introduction to Mutual Funds
Mutual funds have become one of the most popular investment vehicles globally, providing investors with a diversified, professionally managed, and relatively accessible means to grow their wealth. This article delves into the history and evolution of mutual funds, both globally and in India, and offers an overview of the various types of mutual funds available today, highlighting their unique characteristics and suitability for different types of investors.