Search For "bankruptcy code"
IBC helping banking sector clean up bad loans: Jaitley
Updated : 7 years, 5 months ago IST
New Delhi [India], Oct 27 (ANI): Union Finance Minister Arun Jaitley on Saturday said the Insolvency and Bankruptcy Code (IBC) is helping the banking sector of the country in cleaning up bad loans, adding that the fear of the IBC has made defaulters approach their respective banks to clear t
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'Bankruptcy code will help deepen corporate bond market'
Updated : 7 years, 5 months ago IST
New Delhi [India], Oct 07 (ANI): A recent study has noted that India's corporate bond market, which contributes 17 per cent to the country's Gross Domestic Product(GDP) and is highly concentrated in the AAA rated bonds, is expected to change once the Insolvency and Bankruptcy Code (IBC) brin
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Jaitley underscores need for banks to crack down on frauds
Updated : 7 years, 6 months ago IST
New Delhi [India], Sep 25 (ANI): Union Finance Minister Arun Jaitley on Tuesday highlighted the impact of the formalisation of the Indian economy - through the Insolvency and Bankruptcy Code (IBC), GST, demonetisation and digital payments - on Public Sector Banks (PSBs), while also stress
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Lok Sabha passes Insolvency and Bankruptcy Code amendment bill
Updated : 7 years, 7 months ago IST
New Delhi [India], July 31 (ANI): The Lok Sabha on Tuesday passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018.
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Promulgation of IBC ordinance to empower home buyers
Updated : 7 years, 9 months ago IST
New Delhi [India] Jun 6(ANI): Ministry of Corporate Affairs Secretary Injeti Srinivas opined that with the promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, home buyers will now be given the status of financial creditors.
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President gives nod to ordinance treating home buyers as creditors
Updated : 7 years, 9 months ago IST
New Delhi [India], Jun 6 (ANI): President Ram Nath Kovind on Wednesday gave his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, providing significant relief to home buyers by recognising their status as financial creditors.
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Centre approves ordinance to amend insolvency code
Updated : 7 years, 10 months ago IST
New Delhi [India], May 23 (ANI): The Centre has approved an ordinance to amend the Insolvency and Bankruptcy Code (IBC), providing a relief to home buyers.
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IBC, RERA pitted against each other; need reconciliation: ASSOCHAM
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 22 (ANI): The two laws enacted in 2016 may have the best of intentions, but the Insolvency and Bankruptcy Code (Code) and the Real Estate (Regulation and Development) Act appear to be pitted against each other when it comes to resolving interest of bankers and home-bu
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IOB inks information utility pact with NeSL
Updated : 7 years, 11 months ago IST
Chennai (Tamil Nadu) [India], Apr. 21 (ANI): Indian Overseas Bank (IOB), one of the leading public sector banks, on Friday entered into an agreement for information utility services with the National E-Governance Services Limited (NeSL).
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Twin balance sheet problem nearing resolution: ASSOCHAM
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 15 (ANI): The long-pending problem of twin balance sheets of banks and highly leveraged corporate firms is likely to be resolved reasonably in the forthcoming quarters, the ASSOCHAM said on Sunday.
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Individual borrowers to be brought under Insolvency code
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 4 (ANI): Ministry of Corporate Affairs Secretary Injeti Srinivas on Wednesday noted that individual borrowers would be brought under the ambit of the Insolvency and Bankruptcy Code, 2016 (IBC) in due time.
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ICICI examines pending insolvency cases in Board meeting
Updated : 7 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr. 2 (ANI): In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Ban
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