Search For "bankruptcy"
NCLAT overrules NCLT: Univastu's resolution plan for Setubandhan gets reco
Updated : 8 months, 1 week 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
Read More
Parliamentary Standing Committee on Finance to meet today
Updated : 8 months, 1 week 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.
Read More
SC admits appeal of BYJU'S promoters against NCLAT order; issues notices t
Updated : 9 months, 2 weeks 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
Read More
"Mental Bankruptcy": BJP leader Tarun Chugh slams Bhupesh Baghel
Updated : 9 months, 2 weeks 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
Read More
Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low
Updated : 9 months, 2 weeks 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.
Read More
Government likely to bring IBC amendment bill in Parliament's monsoon sess
Updated : 9 months, 4 weeks ago IST
The amendment in Section 31(4) of the Insolvency and Bankruptcy Code (IBC) will be made. This particular section mandates prior approval from the CCI for any resolution plan.
Read More
"Karnataka govt wants to cover up bankruptcy caused by their guarantees":
Updated : 11 months, 3 weeks ago IST
Former Karnataka Chief Minister and Bharatiya Janata Party (BJP) MP Basavaraj Bommai has criticised the Siddaramaiah-led Congress government over the milk price hike, claiming the increase is a tactic to cover up the financial troubles caused by their guarantees.
Read More
"Utter bankruptcy of the double-engine government": CPI(M) on President's
Updated : 1 year ago IST
CPI(M) condemns President's Rule in Manipur, blaming BJP for the state's turmoil. The party calls for negotiations with all political parties and communities to restore peace, and normalcy, and uphold the state's democratic rights.
Read More
Congress leader M Veerappa Moily calls former PM Manmohan Singh "champion
Updated : 1 year, 2 months ago IST
"He is the greatest prime minister this country has seen... He was invested in the Constitution of India... He lifted millions of people out of poverty. He eradicated the License Raj and lifted the economy of this country... He was a champion of peace... During his regime as Prime Minister,
Read More
Fostering Integrity in Valuation: Hon'ble Justice, Kerala High Court, Call
Updated : 1 year, 2 months ago IST
Kochi (Kerala) [India], December 20: The 55th Indian Valuers Congress (IVC 2024) brought together over 600 delegates to highlight the growing significance of valuation in shaping economic decision-making and driving national growth. The event, organized by the Institution of Valuers (IOV) in
Read More
IBC data provides valuable insights to handle complex cases: M Rajeshwar R
Updated : 1 year, 2 months ago IST
M Rajeshwar Rao, Deputy Governor of the Reserve Bank of India (RBI), highlighted the importance of institutionalising data under the Insolvency and Bankruptcy Code (IBC) to provide valuable insights and precedents for handling complex cases.
Read More
ED restitutes assets worth Rs 4025 cr to JSW
Updated : 1 year, 3 months ago IST
The Directorate of Enforcement (ED) restituted assets worth Rs 4,025 crore to JSW, which was a Successful Resolution Applicant to the assets of erstwhile Bhushan Power and Steel Ltd under the Insolvency and Bankruptcy Code (IBC) corporate resolution process (CIRP).
Read More