Search For "bankruptcy"
IBC implementation largely on track, though resolution timeline remains a
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 14 (ANI): Exactly three years since it was legislated, the Insolvency and Bankruptcy Code (IBC) 2016 has made material progress in addressing the logjams it was supposed to -- which is faster recovery of stressed assets and quicker resolution timelines. Read More
Dedicated bankruptcy court has rejected ArcelorMittal India's plea to set
Updated : 6 years, 10 months ago IST
Dubai [UAE] May 6 (ANI/BuisnessWire India): The committee of creditors has approved the RPIF plan by giving 73.17 per cent votes, confirmed Mayur Ghule, Director - Royale Partners Investment Fund.
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Suven gets US court approval to buy assets of Rising Pharmaceuticals
Updated : 6 years, 11 months ago IST
Hyderabad (Telangana) [India], Apr 13 (ANI): Suven Life Sciences reported on Saturday getting the US Bankruptcy Court approval of stalking horse agreement to buy assets of Aceto Corporation's Rising Pharmaceuticals through its joint venture partner Shore Suven Pharma Inc.
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Indian, Israeli leaders showing moral bankruptcy to win elections: PM Imra
Updated : 6 years, 11 months ago IST
Islamabad [Pakistan], Apr 9 (ANI): Prime Minister Imran Khan on Tuesday said that leaders in India and Israel are defying the international laws and showcasing moral bankruptcy to win elections in their country.
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Jet good aviation property, resolution plan ready to bail it out: SBI
Updated : 6 years, 12 months ago IST
New Delhi [India], Mar 20 (ANI): State Bank of India (SBI) Chairman Rajnish Kumar said on Wednesday that all lenders have been working on a resolution plan to bail out the debt-laden Jet Airways and sending it to bankruptcy is the last option.
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IBBI, SEBI sign MoU for better implementation of IBC
Updated : 6 years, 12 months ago IST
Mumbai (Maharashtra) [India], Mar 19 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) signed a memorandum of understanding (MoU) on Tuesday with the Securities and Exchange Board of India (SEBI) for effective implementation of the new bankruptcy law.
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IBBI signs pact with International Finance Corporation to train profession
Updated : 7 years ago IST
New Delhi [India], Mar 7 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has signed a cooperation agreement with the International Finance Corporation (IFC) to train professionals, the government said on Thursday.
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IBC brought back Rs 3 lakh crore into banking system: Jaitley
Updated : 7 years ago IST
New Delhi [India], Feb 28 (ANI): The Insolvency and Bankruptcy Code (IBC) has brought back close to Rs 3 lakh crore back into the banking system, Finance Minister Arun Jaitley said on Thursday.
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The company that promised one-way ticket to Mars is bankrupt
Updated : 7 years, 1 month ago IST
Basel [Switzerland], February 12 (ANI): Mars One Ventures, the company that made space-high promises of sending part of the human race to the Red Planet, is reportedly bankrupt.
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Germania airlines files for bankruptcy, halts flight ops
Updated : 7 years, 1 month ago IST
Berlin [Germany], Feb 5 (ANI): Berlin-based Germania Airlines on Tuesday filed for bankruptcy due to financial difficulties and has ceased further operations.
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SC upholds Insolvency and Bankruptcy Code in entirety
Updated : 7 years, 1 month ago IST
New Delhi (India), Jan 25 (ANI): The Supreme Court on Friday upheld the Insolvency and Bankruptcy Code (IBC) in a landmark judgment which will bar defaulting promoters from bidding for their own assets.
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NPAs have begun to stabilise, indicates RBI report
Updated : 7 years, 2 months ago IST
New Delhi [India[, Dec 28 (ANI): The latest statutory report by Reserve Bank of India on Trend and Progress of Banking in India 2017-18 indicates that the Non-Performing Assets (NPAs) have begun to stabilise, albeit at an elevated level; capital positions have been buffered and the provision
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