Search For "ibc"
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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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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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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Claims worth over Rs 1.73 lakh crore settled under IBC: Economic Survey
Updated : 6 years, 8 months ago IST
New Delhi [India], July 4 (ANI): The corporate insolvency resolution process yielded a resolution of 94 cases till March 31 which has resulted in the settlement of claims worth Rs 173,359 crore, according to the Economic Survey 2018-19 tabled by Finance Minister Nirmala Sitharaman in Parliam
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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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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
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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Abhishek Malhotra resumes founding practice at TMT Law Practice
Updated : 7 years ago IST
New Delhi [India] March 1 (ANI): Abhishek Malhotra, a veteran lawyer in the field of technology, media and telecom is back at TMT Law Practice along with his team after his brief association with Bharucha & Partners.
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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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Thermal power projects with Rs 2.5 lakh crore under stress, says ASSOCHAM-
Updated : 7 years, 1 month ago IST
New Delhi [India], Feb 10 (ANI): Investments worth over Rs 2.5 lakh crore in thermal sector projects, based on domestic coal, imported coal, and gas, are facing stress and immediate remedial measures need to be undertaken to ensure that they are revived in a time-bound manner, according to a
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