What is the Insolvency & Bankruptcy Code, and why Modi govt's changes to it are bold | ep 216 

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Indians want a developed country like capitalists but don't want to follow capitalists model of economy. They believe in magic . Good video sir , liked your explanation

The Public of india think capitalists are drug dealers or invaders or mafias. They won't support them but yes we do want infrastructure. Delaying ,red tapism are what our image is in world market.

Wow capitalism is seeing days light in India, so happy else I always assumed we will be doomed with socialism.

Good one sir! The best thing about this segment of yours that I like the most is that it covers almost every aspect of a particular topic in a very crisp manner. Thank you! Keep it up 👍.

It's really a treat for my eyes and ears when you speak like a journalist.. a real journalist. Suck on it NDTV ;-)

A logical analysis. Good Gupta appreciates the move of the present govt at least once!

There is fallacy that Operational creditors do not matter - do not pay them anything substantially!! It is as if Banks do not lend to Persons who are Operational creditors. Banks do lend them. In such situations where operational creditors do not get enough, these accounts will also become NPA. Further, now knowing that being Operational credit is more risky, rational choice would be to Switch to Cash - and Carry and not to give credit anymore!! More so, MSME's are more likely to be operational creditors, despite making special provision for them in IBC, is practically Wiping them out under IBC!! Long live - Kill small to Fatten Big !!

Being a layperson in the field of finance, found your talk illuminating and interesting !!👍

I love the format. More like conversation. Its educative and insightful.

On a lighter note. He must have the strongest calf muscles in the business.

Wait till the "honourable" Supreme Court of India sticks it's nose in the process and again takes it to the point where it started. It's high time the collegium starts appointing judges who have expertise in the specific areas of litigation. The same judges preside over social, economic, constitutional and even religious matters. This makes the process messy and judgements often lack the foresight of their consequences.

Great piece of news coverage. And I am glad Shekhar Gupta did a decent, unbiased reporting on it. The IBC is the single most striking reform in the Indian Business ecosystem. It eases the playing field for newcomers. At the same time it sends a strong message to businessmen, "you can't take away taxpayer's money, be non - performing, and get away with it. You just won't be allowed to, anymore". This code will eventually give birth to a performance oriented economy.

Could understand a complex subject with ease. Your speech is so simple and short but with required details. Thanks Sir

Appreciate these videos keeping me informed on political economy developments in India. Keep vids like these coming.

Very simple & lucid explanation Mr. Gupta!👍

SG I completely agree with you

sir your point is too strong regarding our governance and economy but my request is that plz cover these issues in hindi because North India really need to know about these issues for awakening.

Thank you so much! Helped Alot

great thought sir good interpretation of the law keep up the good work

Exactly.we don't understand capitalism and so leaders like kejriwal and pappu benefits from this ignorance ,they politicise bankruptcy,and take advantage ,this type of more videos ,specially local languages may create awareness .

1.5 x speed is perfect.just enough

Very informatie video!

And everyone lived happily ever after? I don't think so. Surely, someone will file a case against the 60 days limit on judicial process, most probably A. Singhvi as a counsel. And our Honble Supreme Court will pass time with that for 6+ months and read down that section. In my opinion, unless there's judicial and constitutional reform, that make the judges accountable for their verdict, people would use the courts to game the system. Edit: And we over-revere these two.

Shekhar Sir please make a Video on NIA and RTI amendment bill.

Make it like the US - 1st dibs Tax Man (IRS) including including personal gains is taxable - otherwise Penalty and Jail Time. 2nd dibs - Lenders - Courts, 3rd dibs - Creditors e.g. suppliers and employees.

It seems like that the old business families always tend to forget that the system stands supreme. And at its' convenience, the system can always game them back in a much worse way.

Thoughtful lecture

This is the kind of topic on which the public needs enlightenment. Thank you! As to political issues, most of us are equally wise in analyzing. We Indians are the best when it comes to analyzing politics. Corrupt bank officials are also the cause of bad loans. One wonders what is being done about them, apart from usual criminal proceeding, which is neither here nor there.

Thanks. Truly a juicy video. PS The unsync hand movement gives me anxiety. No offence

Awesome video sir

most of the bad loans were of time of MMS govt.. that putla PM did nothing to prevent this nor show any interest in recovery... #MMSWasSpineLess

Actually very much to these kinda topics... But will look for more informative videos about economics.. simple and neat explanation 👍

# Nice analysis. Simple language and good analysis.

Thank you for this!

IBC is probably the most important reform of the Modi government. I don't why there is not widespread discussion on its implementations and outcome. Next in pipeline should be Judiciary reforms. India cannot be afford to give it a blind eye. we need a fast and effective judiciary which the people can resort to and for business to look upto. Contract enforcement should be through Judiciary and not through hooliganism. Would to know The Prints thoughts on Judiciary Reform in India

Sir...good analysis.... really declutered IBC

All on the shoulders of common people. Please do something about minority shareholders and mutual funds where also common public money invested. IBBC protects only lender's. SEBI and IEPF fails to protect common people.

Is it Business or Congress Party, Sonia, PC can keep funding Vadra, Kartik, Pranab Roy for funding real estate in Europe or Cape Town!!!

good explanation sir.... thanks

fantastic. Explained like a teacher

wow, thanks for sharing incredible information, apt title...d-clutter.. i enjoyed.

Good Job Shekar Gupta ji this is amazing

Well said.

The money defaulted by the Monnet Ispat shown was different [ Rs 22,075 crore] than what is read from the paper [12,115 crores]. Other than that, overall a very good analysis, and as suggested towards the end, hope we mature into a society where we get to see a good bankruptcy procedure and resolutions in a timely manner.

Thank you sir

So Sekhar modi do some good work too... thanks accepting that

What about minority shareholders and mutual funds which also public money ? What kinds of job's SEBI and IEPF is doing to protect minorities ?

This episode clearly negates what he say about nationalisation of banks. Essentially we have, the capitalists in glove with politicians pressured banks to finance these business groups. We r adept in putting in systems and processes, to meet our selfish ends. As an old friend of mine used to say AN INDIVIDUAL IS WISE AND COLLECTIVELY THEY LOOSE WISDOM. SEKHARGUPTA GENERATION OF PEOPLE FOR THEIR SELFISH INTERESTS INTERPRET BAD AS GOOD And gain POLITICAL FAVOURS, proving my friend’S earlier statement holds more good today...

Thanks for this cheers

I love you too much sir... I don't have enough money to subscribe your channel.. One day I shall buy subscription.

And the clutter is cut! Beautiful analytical journalism.

The Figures of Monnet Ispat are displayed wrong. It should be 12115 crores as stated by SG Sir. Thank You Editing team.

If the original promoter can bid to buy back the company he declared bankrupt; won't that mean he can potentially use it as a means to reduce his liabilities through such a process

Businesses and bank follow capitalistic model when they have money and lean on socialism when they go broke. Its a prevelige.

There's no doubting that Bankers are in cahoots with the promoters. PSU bankers must be punished.

Good analysis but could you please clarify what is the current provison for employee dues in the current process. As in aviation sector the regulations don't allow certain employees to quit without either consent of the employer or a long notice period.

This presentation is quite good and useful because it has lots to lego-academic points. Good one

Sir ..You often talk big ...But there are a lot of things other than politics..I don't remember you doing a show on health.. Education ... Frequently...The latest is the NMC Bill.. It's request to declutter it.

So it means the government brought IBC to ease the bankruptcy and insolvency procedure, but the companies by going to courts making the process even more complicated, right?

Big boys 😂😂barkha DUTT offended 😂😂

sir sb bhut mast batayaa aaapne

Very well explained for the common man

He talks about it now, after elections, before elections, he didn't feel like taking about the Bankruptcy Code.

Calling in Bankrupt is to avoid jail,where each of one of these "failures" really need be. Nice cover up. What about the poor shareholder in those bankrupt Cos or its "bankrupted " employees!

So they changed it from the quint to print ...

I am the second person to view your Video. Wait it eagerly every evening.

Sir Either remove Subtitles or correct them. they are funny. Sr case NCL 80 Insolvency and bankruptcy court how this passed editorial supervision?

Sir IBC has been changed can you help us understand New norms now.

Respected sir, SEBI is allowing trading 6 months without notice to shareholders after resolution plan approved as wipeoff. Is it acceptable?

If Print says it is good, then it is good. This is the only news channel that can be trusted nowadays.

finally i understand ibc law.

"Gaming the system" isn't this the fabled indian "jugad"?

Namo is great!

How come Jet airways 15000 crores was left out?

Sir I have video suggestion... In one of video, you told about Adi Godrej , who said the government policies. Since BJP and early Congress have maximum cooperate donations, where these fund are coming? Is it Indian or foreign business!?

But why videocon and jet Airways was not allowed to take back there company, when they said they will pay after the haircut.

Loan defaulting and bankruptsy are two different things. Rich people dafault on loans and go on holiday in France and Caribbean . Thats not bankrupts. Thats called stealing. In ALL developing and third world countries this is a major problem. Capital outflow to foreign shores impoverishes the entire nation while few rich people enjoy their wealth. I think Shekhar G gets funded by one of those defaulters. LOL

Here in uk it’s called “company has gone in to administration “. Here is full definition www.companyrescue.co.uk/guides-knowledge/what-is/what-is-administration/

Mr. Shekhar Gupta , It will be most appropriate if you bring out a video talk on unconstitutional, racist and casteist recruitment going on in indian army that debarrs 70 percent indians for recruitment because of their caste..region and religion. I can provide you all proofs ,records in writing. Eve army has accepted it in writing.

Income tax notice 148A, d se kaise chutkara milega bina kisi accounting documents ke kyuki mere paas kuch bhi nahi hai because mujh par police case 420 in gst lage the mere sare documents misplaced hai or na hi koi assest bachi hai kya kare please suggest (Proprietar)

This is a good video.

Good

What about reliance anil ambani,nirav modi jewellery business and Kingfisher malya these are not in top 12 defaulter how ?? Can somebody answer

Boss , what about other 75% loan defaulters...Have guts to say all the names..Ambani...

Mr. Shekhar Gupta, you are a seasoned politician. How did you enter journalism field which is supposed to be unbiased. You have now started talking good things about BJP after it came to power. IBC was introduced 3 years ago but you never thought it was a great reform then?

Shekhar Gupta tuhare jaisa Gyani to iss dharti par nahi hai.kuchh tiranga TV ke bare me bologe?

As they one rotten Apple spoils the entire bunch.

First and foremost congratulations for being true to journalism and showing both the positive and negative side of this government unlike most others, for whom everything this govt does is for betterment of the country and for still some others, for whom everything that this govt does is scandalous. Coming to the ESSAR steel, its not that its promoters have suddenly got 45,000 crores to pay and pull out of NCLT bid but from what i understand the steel conglomerate of india have come together and are financing the Ruai brothers in a bid to stall Mittal's from entering into India and that is not good for having a competitive market. Since NCLT is still in its infancy period, these people with the help of experienced advocates keep finding some loopholes in rule book and are exploiting it to drag the case for long to exasperate Mittals from taking over Essar and thus force them to give up on it. On the other hand these same steel conglomerates have used NCLT to gobble up other downed and out industries at good price. I am glad that this government has taken a cognizance of the cunning nature and foul games being played by some party and have come up with better plans to resolve the bankruptcy. To me IBC is the biggest achievement of this current government and it should not allow certain business-houses to bungle it up for their own gain.

Surprised all these things are not in order over decades.U need a good government to take bold decisions to change for better.

GRADUALLY MODI GOVT STARTED DELIVERING GOOD ACTIONS IN ALMOST EVERY SECTOR.

Old capitalistic model has to go for good

This list was published in 2017 but you discussing on it now how you were biased that time

Why does he jumps while talking? It looks so funny😂

Please GOOGLE 98.6 QURAN! PLEASE PLEASE PLEASE PLEASE PLEASE!

Why are you speachless about Karnataka speaker not taking up confidence vote and his delaying tactics. You are still Congress pitto.

Ganje they went through high court and then to supreme court

*Arun Jaitley* 🙄🙄

What about Barkha Dutt. Karan Thapar & Kapil Sibal ?????

Kuch nahi bas syllabus badha rahe ho ab tum CA bacho kaa