The issue of categorisation has been persisting since the inception of the Insolvency and Bankruptcy Code, 2016 because of the underlying scheme of the IBC.
The V-C praised the content prepared by Edifypath and thanked it for giving students much-needed chance for industry exposure through their internship programmes.
When the payment is received by the corporate debtor from an allottee, it becomes obliged to hand over the possession of the house and the allied liabilities.
The IBC has started working with boxing bodies in neighbouring countries like Bangladesh and Nepal with an aim to set up 'regional cooperation in Pro Boxing.
Industrialist Harsh Goenka had alleged that public money was being "stolen" through such resolutions.
The Hellsbay Fight League (HFL) is planned to be held outside India in August, and will run on a "unique concept of people's ownership".
Narendra Modi government’s much touted reform - the Insolvency and Bankruptcy Code (IBC) -- is floundering as recoveries under IBC continue to shrink further.
While lenders are 'reasonably hopeful' of a successful bidding process, sources said banks are working on a plan B in case things don't progress as expected.
Tata Steel acquired Bhushan Steel through its subsidiary for about Rs 37,000 crore in May 2018 under the IBC.
The government today promulgated an ordinance to bar wilful bank loan defaulters as well as those with NPA accounts from bidding in auctions being done to recover loans.
President Kovind approves bankruptcy code ordinance; defaulting company owners can't easily bid to buy back assets
The ordinance that bars wilful and habitual defaulters from bidding for stressed assets got tougher provisions to prevent any attempts by them to regain control of companies in difficulty.