Search For "insolvency and bankruptcy code ibc"
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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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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NCLT decision is historic, in line with spirit of Insolvency and Bankruptc
Updated : 2 years, 10 months ago IST
Go First Airline Chief Executive Officer Kaushik Khona on Wednesday said the airline was grateful for the entire process of NCLT and noted that this is in line with the spirit of the Insolvency and Bankruptcy Code (IBC)
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IBBI disposed of 6,172 complaints and grievances under IBC, government tel
Updated : 3 years, 7 months ago IST
New Delhi [India], August 8 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) disposed of 6,172 complaints and grievances out of 6,231 received against service providers under the Insolvency and Bankruptcy Code (IBC), Union Minister of State for Corporate Affairs Rao Inderjit Singh
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Insolvency and Bankruptcy Code, 2016 a gamechanger reform, says Piyush Goy
Updated : 4 years, 3 months ago IST
New Delhi [India], November 25 (ANI): The Union Minister of Commerce and Industry Piyush Goyal on Thursday termed the Insolvency and Bankruptcy Code (IBC), 2016 as a "gamechanger reform" that has been the most successful law in insolvency resolution in the country.
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SC asks NCLT, NCLAT to strictly adhere to IBC timelines, clear pending res
Updated : 4 years, 6 months ago IST
New Delhi [India], September 13 (ANI): The Supreme Court on Monday urged the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) to strictly adhere to the timelines stipulated under the Insolvency and Bankruptcy Code (IBC) and clear pending resolution pla
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Before implementation of Insolvency and Bankruptcy Code, there used to be
Updated : 4 years, 6 months ago IST
New Delhi [India], August 28 (ANI): Chief Economic Advisor Krishnamurthy Subramanian on Friday said that before the Insolvency and Bankruptcy Code (IBC) was implemented, there used to be feudalism.
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Ramdev's Ruchi Soya files FPO document to raise up to Rs 4,300 crore
Updated : 4 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 14 (ANI): FMCG major Ruchi Soya, which was taken over by Baba Ramdev-led Patanjali Ayurveda under the Insolvency and Bankruptcy Code (IBC), plans to raise about Rs 4,300 crore through a further public offering (FPO).
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IL&FS ups aggregate debt recovery target to Rs 61,000 crore
Updated : 4 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr 15 (ANI): The new board and management of IL&FS as part of its quarterly update process on the progress of ongoing group resolution process on Thursday shared that it has addressed aggregate debt of Rs 43,000 crore till date.
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IL&FS board upgrades estimates of debt addressed to over Rs 57,000 cro
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 20 (ANI): The new board of IL&FS Ltd on Monday shared an update on the progress of ongoing resolution process across the group and revised its estimates of debt being addressed to well above 50 per cent of the overall debt of over Rs 99,000 crore.
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Amendments made in IBC by enhancing default limit from Rs 1 lakh to Rs 1 c
Updated : 5 years, 9 months ago IST
New Delhi [India], May 30 (ANI): Amendments have been made in the Insolvency and Bankruptcy Code (IBC) by enhancing the default limit from Rs 1 lakh to Rs 1 crore.
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IBC extension, reforms, focus on rural economy among laudable features of
Updated : 5 years, 10 months ago IST
New Delhi [India], May 17 (ANI): Describing emergent measures like one-year abeyance for the insolvency proceedings under Insolvency and Bankruptcy Code (IBC) and further reducing company law compliance burden as a hallmark of an agile and responsive government, the ASSOCHAM today said the P
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