Sun, Dec 18, 2022
The senior government official told PTI that consultations are going on with various stakeholders, including bankers and lawyers, and the changes are expected to be finalised in the coming weeks.
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Mon, Sep 19, 2022
Insolvency and Bankruptcy Code: In a move that will provide better market-linked solutions for stressed companies, watchdog IBBI has amended its regulations to allow sale of one or more assets of an entity undergoing insolvency resolution process, besides other changes.
Fri, Aug 26, 2022
The last date of submission of expression of interest is August 31, 2022 while the due diligence is to be completed by September 7, said the lender.
Fri, Apr 15, 2022
Nearly half of the 3,247 insolvency cases have been resolved through liquidation, and only a paltry 457 or 14 percent of them through asset sale as per their lenders-approved resolution plans, a report said on Friday.
Fri, Dec 31, 2021
The National Company Law Tribunal, the designated authority under the insolvency law, and the appellate tribunal NCLAT continued to grapple with a lack of resources in terms of vacant positions of judges and poor infrastructure.
Wed, Aug 04, 2021
Finance Minister Nirmala Sitharaman informed about the salient features of the Insolvency and Bankruptcy Code (Amendment) Bill, 2021.
Mon, Jul 26, 2021
Finance Minister Nirmala Sitharaman will introduce the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 to amend the Insolvency and Bankruptcy Code, 2016 in the Parliament on Monday.
Tue, Jul 13, 2021
The monsoon session of the Parliament is scheduled to take place from July 19 and the Modi government will try to get 23 bills passed during the session.
Mon, Mar 23, 2020
The "evolving" insolvency law is a kind of "Swachhata drive" to clean up non-performing assets as well as put companies in the hands of capable and credible people, according to IBBI chief M S Sahoo
Mon, Oct 14, 2019
In a move to limit the abuse of the Insolvency and Bankruptcy Code (IBC), the Corporate Affairs Ministry is mulling the setting of a threshold for homebuyers for starting insolvency proceedings against real estate developers, Corporate Affair Secretary Injeti Srinivas said on Monday.
Fri, Aug 02, 2019
PM Narendra Modi led NDA government notched up yet another success in Parliament. The Insolvency and Bankruptcy Code (Amendment) Bill, 2019 was passed by Parliament on Thursday.
Mon, May 06, 2019
If all goes well, individuals, who can't repay loan up to Rs 60,000, may soon qualify for a debt waiver, like farmers!
Tue, Apr 23, 2019
With an objective to ease out the various issues, the Central government and IBBI has been undertaking a series of consultations and discussions and also invited comments and suggestions from all stakeholders.
Sun, Apr 21, 2019
The Insolvency and Bankruptcy Code (IBC) is in the process of being changed to be effective from the next fiscal to accommodate the fast-changing creditor-debtor scenario.
Fri, Apr 19, 2019
Banker's are confident that stressed assets referred to NCLT will continue to face bankruptcy proceedings as IBC clearly states such referral even if there is one day delay or default by any entity.
Mon, Apr 15, 2019
Nearly half of their total admitted claims worth over Rs 1.42 lakh crore have been recovered by financial and operational creditors from as many as 88 debt-ridden companies under the insolvency law, according to official data.
Fri, Jan 25, 2019
The court, however, said that related parties in the act should mean a person connected with the business.
Tue, Nov 13, 2018
The inordinate delays beyond the 270-day deadline under the Insolvency and Bankruptcy Code (IBC) have cost the lenders to the first 'dirty list' of 12 large defaulters a whopping Rs 4,000 crore in interest income foregone, according to an Icra report.
Sat, Sep 29, 2018
Finance Minister Arun Jaitley Friday said the ongoing global trade war may have created "initial instability", but will gradually open up opportunities for India to emerge as a bigger trading and manufacturing base.
Sat, Aug 18, 2018
Insolvency and Bankruptcy Code updates: Corporate affairs secretary Injeti Srinivas today said the evolving insolvency and bankruptcy law can be extended to cross-border assets.
Mon, Jul 23, 2018
Union Bank of India MD and CEO told DNA Money that resolutions were needed at any cost and that all fresh lending only happens after the promoter puts in his equity. Gold-plating or disguising bank funds as promoter equity is now history.
Mon, Apr 23, 2018
Homebuyers are likely to be granted the financial creditor’s status, placing them right after banks in the hierarchy under waterfall mechanism for liquidation. This is likely to bring relief to the thousands of homebuyers who are fighting a legal battle against builders over non-completion of projects.
Sun, Apr 15, 2018
Assocham also said the process of resolution of the companies under Insolvency and Bankruptcy Code (IBC) reference would gather pace in the coming months. Twin balance sheet problem refers to the stress on balance sheets of banks due to non-performing assets (NPAs) or bad loans on the one hand, and heavily indebted corporates on the other
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