Search For "bankrupt"
IBC Amendment Bill 2025, has provisions for faster and efficient resolutio
Updated : 9 months, 2 weeks ago IST
Finance Minister Nirmala Sitharaman on Tuesday introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 in the Lok Sabha, aiming to reduce delays and strengthen governance of the insolvency resolution process.
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Insolvency and Bankruptcy Code (Amendment) Bill introduced in Lok Sabha, t
Updated : 9 months, 2 weeks ago IST
A bill that introduces a "creditor-initiated insolvency resolution process" with an out-of-court initiation mechanism for genuine business failures to facilitate faster and more cost-effective insolvency resolution was introduced in Lok Sabha on Tuesday.
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Parliamentary Standing Committee on Finance to meet today; discuss Bankrup
Updated : 9 months, 3 weeks ago IST
The panel has on its agenda to discuss the oral evidence of the representatives of the Reserve Bank of India (RBI) on the subject 'Review of working of Insolvency and Bankruptcy Code and Emerging Issues'. The standing committee on Finance will also discuss the consideration and adoption o
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Dharmendra Pradhan slams Congress as 'anti-OBC', challenges Rahul Gandhi o
Updated : 9 months, 3 weeks ago IST
Speaking to reporters, Pradhan said, "The Congress party has become bankrupt. Their leader is also undergoing bankruptcy. Today we heard the Congress party taking the support of lies once again. They have said that the Modi Govt has not done anything for OBCs. After independence, for the fir
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IBC helped resolve bad loans of over Rs 12 lakh crore in 9 years, but reso
Updated : 9 months, 3 weeks ago IST
According to an analysis by CRISIL Market Intelligence, the IBC has directly resolved about Rs 12 lakh crore worth of debt through nearly 1,200 cases of stressed borrowers.
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Harvey Weinstein drops suit against brother Bob
Updated : 9 months, 3 weeks ago IST
Former film producer Harvey Weinstein has dropped a lawsuit against his brother Bob, in which he accused his sibling of "financial betrayal" that led to the collapse of his company, according to Variety.
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"Meaningful discussion": Parliamentary Standing Committee on Finance Chair
Updated : 10 months, 3 weeks ago IST
Stating that he had a very "meaningful" discussion with the RBI Governor, Mahtab informed that a wide range of information on the economic situation and the financial system of the country was discussed during the meeting.
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NCLAT overrules NCLT: Univastu's resolution plan for Setubandhan gets reco
Updated : 10 months, 3 weeks ago IST
The National Company Law Appellate Tribunal (NCLAT) has overturned a decision passed by the National Company Law Tribunal (NCLT), which had rejected a resolution plan submitted by Univastu India Limited for Setubandhan Infrastructure Ltd. The NCLAT has now directed that the plan be reconside
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Parliamentary Standing Committee on Finance to meet today
Updated : 10 months, 3 weeks ago IST
Meanwhile, the central government is likely to bring an amendment in the Insolvency and Bankruptcy Code (IBC) in the upcoming monsoon session of Parliament, sources told ANI.
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SC admits appeal of BYJU'S promoters against NCLAT order; issues notices t
Updated : 12 months ago IST
The Supreme Court on Thursday admitted the appeals filed by the promoters of Byju's challenging the NCLAT Chennai order which denied the withdrawal of insolvency proceedings initiated by the BCCI, despite a full and final settlement of dues prior to the constitution of the Committee of Credi
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"Mental Bankruptcy": BJP leader Tarun Chugh slams Bhupesh Baghel
Updated : 12 months ago IST
"This is the same Congress that didn't teach Pakistan a lesson even after the 26/11 (Mumbai terror) attacks. They didn't do anything during their tenure but are now engaging in politics of lies on such sensitive topics. This mentality of the Congress causes harm to the country's national sec
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Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low
Updated : 1 year ago IST
Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA.
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