• Tag results for insolvency

Insolvency and Bankruptcy Code: India Inc's sudden and gradual road to freedom

Tata Steel acquired Bhushan Steel through its subsidiary for about Rs 37,000 crore in May 2018 under the IBC.

published on : 30th December 2018

Non-adherence to timelines under Insolvency and Bankruptcy Code a major concern, says a government official

Noting that the law has certainly proven to be a game-changer, Srinivas cited pre-admission settlements and turning non-performing assets into performing assets.

published on : 28th December 2018

Insolvency law help address Rs 3 lakh crore stressed assets in 2 years: Official

More than 9,000 cases have come for redressal under the Insolvency and Bankruptcy Code, which became fully operational in December 2016.

published on : 24th November 2018

Government-appointed panel suggests United Nations model law for cross-border insolvency cases

The Insolvency Law Committee (ILC), chaired by Corporate Affairs Secretary Injeti Srinivas, on Monday submitted its report on the matter to Corporate Affairs Minister Arun Jaitley.

published on : 22nd October 2018

High-level panel likely to suggest UN model for cross-border insolvency cases

The Insolvency Law Committee (ILC) is looking into the discussion paper related to having the UN model for cross-border insolvency matters as well as the comments received on the paper.

published on : 21st October 2018

Clever litigation, birth pangs dampen Insolvency and Bankruptcy Code

The Supreme Court has directed banks not to refer cases for insolvency under the February 12 circular of the Reserve Bank and has transferred all cases challenging the notification to itself.

published on : 15th September 2018

Power sector heaves a sigh as SC stays RBI circular

The stay came exactly on the last day for bankers to refer unresolved NPA cases to the insolvency court.

published on : 12th September 2018

Lok Sabha passes Insolvency and Bankruptcy Code amendment bill

The Bill will also enable home buyers to invoke Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 against errant developers.

published on : 31st July 2018

Is Piyush Goyal 'caretaker' Finance Minister?: TMC leader Saugata Ray in Lok Sabha

Deputy Speaker M Thambidurai remarked that Goyal has already said in his speech that Arun Jaitley is the Finance Minister.

published on : 31st July 2018

Opposition MPs oppose Ordinance on amendment to Insolvency and Bankruptcy Code Bill; Finance Minister Piyush Goyal defends

Congress MP M Veerappa Moily on Tuesday said under the new dispensation the autonomy and decision making powers of the banks have been 'shattered'.

published on : 31st July 2018

Parliament Monsoon Session Day 9 HIGHLIGHTS: Insolvency and Bankruptcy Code (Second Amendment) Bill 2018 passed in Lok Sabha

The upper house has been adjourned till 11 am tomorrow following an uproar in the house during BJP President Amit Shah's speech on Assam NRC list.

published on : 31st July 2018

Order of attachment by I-T department cannot affect sale by liquidator: High Court

The bench held that the I-T department cannot claim any priority because of the fact that the order of attachment issued by it was prior to the initiation of liquidation proceedings under the code.

published on : 29th July 2018

Creditors recover Rs 47,000 crore through Insolvency and Bankruptcy Code process

The IBC introduced by the government in 2016 lays down a time-bound and transparent framework for resolving cases of insolvency by balancing the interest of all stakeholders.

published on : 25th July 2018

Inter-creditor agreement to resolve bad loans may lead to duplication, say experts

Sources also hint that the creation of the ICA framework was largely due to less than anticipated success rate of the Insolvency and Bankruptcy Code, which aims at resolving cases in a time-bound way.

published on : 25th July 2018

Government looking at adopting UN model for cross-border insolvency norms

The Insolvency and Bankruptcy Code (IBC) has sections pertaining to cross-border insolvency matters but they are yet to be made operational.

published on : 22nd July 2018
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