Search For "bankruptcy"
RBI Deputy Governor M Rajeshwar Rao highlights IBC's transformative impact
Updated : 1 year, 3 months ago IST
M Rajeshwar Rao, Deputy Governor, Reserve Bank of India (RBI) on Sunday highlighted the transformative journey of the Insolvency and Bankruptcy Code (IBC) since 2016, emphasising its critical role in improving bank asset quality and facilitating substantial pre-admission settlements of un
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Guarantees without any financial support will lead to bankruptcy: Basavara
Updated : 1 year, 3 months ago IST
Earlier, Congress MLA from Vijayanagar H R Gaviyappa said that the poll guarantee schemes were straining the government's finances.
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G2 Risk Solutions (Fintellix) recognized as a Category Leader in Chartis R
Updated : 1 year, 3 months ago IST
New Delhi [India], November 22: G2 Risk Solutions (Fintellix) has reaffirmed its position as a global leader in risk and compliance technology receiving the recognition as a Category Leader in the Chartis RiskTech Quadrant for Regulatory Reporting Solutions for 2024. Additionally, G2 Risk So
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Chinese vehicle sales continue to decline for third consecutive month
Updated : 1 year, 6 months ago IST
China's automotive sector is grappling with a significant revenue decline, with vehicle sales falling for the third straight month in August. Data from the China Association of Automobile Manufacturers (CAAM) shows a 5 per cent year-on-year decrease in new vehicle sales, reaching 2.45 millio
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India's manufacturing is all set to expand with robust foundations of refo
Updated : 1 year, 6 months ago IST
The stage is set for a new era of growth fuelled by recent reforms and strategic initiatives of the government. Over the past decade, key reforms such as the Make in India initiative, the Unified Payments Interface (UPI), the Real Estate Regulatory Authority (RERA), the Insolvency and Ban
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String Metaverse (Bio Green Papers, BSE: 534535) Reports Q1 FY25: Rs 50.02
Updated : 1 year, 7 months ago IST
New Delhi [India], August 16: String Metaverse LTD, following its merger with Bio Green Papers Limited (BSE: 534535) as approved by the Honourable National Company Law Tribunal (NCLT) under the scheme of arrangement of the Insolvency and Bankruptcy Code (IBC), has reported robust financial r
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EV unit of China's Evergrande Group struggles with bankruptcy
Updated : 1 year, 7 months ago IST
The China Evergrande New Energy Vehicle Group (CENEVG), an electric vehicle production of Chinese Evergrande Group revealed that previously they had initiated talks with potential buyers, however, are now struggling with bankruptcy proceedings, Nikkei Asia reported.
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Resolutions under IBC up by a record 42 pc in FY 2024; real estate and man
Updated : 1 year, 7 months ago IST
The Insolvency and Bankruptcy Code (IBC) recorded the highest-ever number of resolutions in fiscal 2024. In the year 269 cases received approval from the National Company Law Tribunal (NCLT) for resolution plans.
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Strengthening of debt recovery Tribunal and establishment of Addl Tribunal
Updated : 1 year, 7 months ago IST
The Finance Minister proposed that an Integrated Technology Platform be set up to improve outcomes under the Insolvency and Bankruptcy Code (IBC), thereby ensuring consistency, transparency, timely processing, and better oversight for all stakeholders.
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Reforms in pension scheme, tax on deposits, PSBs' consolidation must be on
Updated : 1 year, 8 months ago IST
The key reforms brought in over the past decade were Jan Dhan; Digitization, financial inclusion; recapitalisation of PSBs; API-based banking; Insolvency and Bankruptcy Code; GST; and platform business models, among others.
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Insolvency and Bankruptcy Code helped banks to recover from NPA: Nirmala S
Updated : 1 year, 9 months ago IST
Citing the success of the IBC, she mentioned that World Bank, in its 2019 report, noted that India's 2016 insolvency regime reform increased creditor recovery rates from 26.5 to 71.6 cents on the dollar, making India 'by far the best performer in South Asia' and surpassing even the averag
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"Slip of tongue": Congress' Pawan Khera on Mani Shankar Aiyar's 'controver
Updated : 1 year, 9 months ago IST
"This is not a big issue. It was a slip of tongue and he has apologised. The Bharatiya Janata Party is continuously bringing up this issue after that. This shows their bankruptcy," Khera said speaking to ANI on Wednesday.
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