Search For "bankruptcy"
Govt pushing country towards bankruptcy, financial emergency: Congress
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 27 (ANI) Accusing the government of "snatching RBI money", the Congress on Tuesday said the country is being pushed towards "bankruptcy" and sought a white paper on the state of the economy.
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HDIL sheds 20 pc after NCLT admits Bank of India's insolvency plea against
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 21 (ANI): Shares of Housing Development and Infrastructure Ltd (HDIL) were locked in 20 per cent lower circuit on Wednesday after the National Company Law Tribunal (NCLT) admitted Bank of India's insolvency plea against the realtor.
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Resolution of stressed construction companies a challenge even under revam
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 5 (ANI): ICRA Ratings said on Monday it sees significant challenges in the resolution of stressed construction companies, which has the likelihood of delaying the process and reducing the realisable value considerably.
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Parliament passes bill to amend IBC Code
Updated : 6 years, 7 months ago IST
New Delhi [India], August 1 (ANI): The Parliament on Thursday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2019 that provides a 330-day timeline for insolvency resolution process and specifies minimum payouts to operational creditors in any resolution plan.
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LS takes up for discussion Insolvency Code (Amendment) Bill
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 1 (ANI): The Lok Sabha on Thursday took up for discussion a Bill that seeks to provide a 330-day timeline for insolvency resolution process and specifies minimum payouts to operational creditors in any resolution plan.
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Rajya Sabha approves Insolvency and Bankruptcy Code (Amendment) Bill, 2019
Updated : 6 years, 7 months ago IST
New Delhi (India), July 29 (ANI): The Rajya Sabha on Monday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2019 that seeks to speed up the entire process of bankruptcy resolution and setting deadlines for completion.
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IBC Amendment Bill to address concerns over delay in insolvency proceeding
Updated : 6 years, 7 months ago IST
New Delhi [India], July 29 (ANI): Union Finance Minister Nirmala Sitharaman on Monday the Insolvency and Bankruptcy Code Amendment Bill 2019 contains measures to dispel concerns over extensive litigation causing undue delays in insolvency proceedings.
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Govt likely to move IBC Amendment Bill in Parliament on Monday
Updated : 6 years, 8 months ago IST
New Delhi [India], July 18 (ANI): The government is likely to move Insolvency and Bankruptcy Code (IBC) Amendment Bill in Parliament on Monday, sources in the Ministry of Corporate Affairs (MCA) said on Thursday.
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Cabinet approves proposal to carry out 7 amendments to Insolvency and Bank
Updated : 6 years, 8 months ago IST
New Delhi [India], July 17 (ANI): The Union Cabinet on Wednesday approved the proposal to carry out 7 amendments to the Insolvency and Bankruptcy Code, 2016 through the Insolvency and Bankruptcy Code (Amendment) Bill, 2019.
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Revival of Jet Airways possible only under IBC: Hardeep Puri
Updated : 6 years, 8 months ago IST
New Delhi (India), July 11 (ANI) The Central government on Thursday ruled out raising funds for the beleaguered Jet Airways and asserted that its revival was now possible only under Insolvency & Bankruptcy Code (IBC).
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Revival of Jet Airways only possible under Insolvency and Bankruptcy Code:
Updated : 6 years, 8 months ago IST
New Delhi [India], June 27 (ANI): Union Civil Aviation Minister Hardeep Singh Puri on Thursday said that the revival of Jet Airways is only possible under the Insolvency & Bankruptcy Code, 2016.
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Creditors expect increase in realisations through IBC despite hiccups
Updated : 6 years, 10 months ago IST
New Delhi [India], May 19 (ANI): Innumerable litigations, defiant promoters, failing sectors and over-burdened National Company Law Tribunals (NCLTs) have negatively impacted corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) over the past two years, ac
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