Search For "insolvency and bankruptcy code ibc"
Coronavirus-related debts to be excluded from defaults under IBC
Updated : 5 years, 10 months ago IST
New Delhi [India], May 17 (ANI): Corporate debts related to COVID-19 pandemic will be excluded from default category under the Insolvency and Bankruptcy Code (IBC) for a period of up to one year, Finance Minister Nirmala Sitharaman said on Sunday.
Read More
Cabinet approves promulgation of IBC (Amendment) Ordinance 2019
Updated : 6 years, 2 months ago IST
New Delhi [India], Dec 24 (ANI): The Union Cabinet on Tuesday approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.
Read More
Enabling resolution of finance companies under IBC credit positive for ban
Updated : 6 years, 3 months ago IST
Singapore, Nov 25 (ANI): Inclusion of non-bank finance institutions (NBFIs) in the Insolvency and Bankruptcy Code (IBC) 2016 is credit positive for banks, Moody's Investors Service said on Monday.
Read More
IBC has helped improve business environment: Sitharaman
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 1 (ANI): Lauding the Insolvency and Bankruptcy Code (IBC), Finance Minister Nirmala Sitharaman on Tuesday said it has improved business environment in the country by making it easier for businesses to exit in case of difficulties.
Read More
Govt likely to move IBC Amendment Bill in Parliament on Monday
Updated : 6 years, 7 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.
Read More
Creditors expect increase in realisations through IBC despite hiccups
Updated : 6 years, 9 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
Read More
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
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.
Read More
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.
Read More
'IBC has direct, indirect impact of Rs 3 lakh crore on NPAs'
Updated : 7 years, 3 months ago IST
New Delhi [India], Nov 24 (ANI): Ministry of Corporate Affairs (MCA) Secretary Injeti Srinivas said that the Insolvency and Bankruptcy Code (IBC) has an impact of around Rs 3 lakh crore on non-performing assets (NPAs).
Read More
IBC helping banking sector clean up bad loans: Jaitley
Updated : 7 years, 4 months ago IST
New Delhi [India], Oct 27 (ANI): Union Finance Minister Arun Jaitley on Saturday said the Insolvency and Bankruptcy Code (IBC) is helping the banking sector of the country in cleaning up bad loans, adding that the fear of the IBC has made defaulters approach their respective banks to clear t
Read More
'Bankruptcy code will help deepen corporate bond market'
Updated : 7 years, 5 months ago IST
New Delhi [India], Oct 07 (ANI): A recent study has noted that India's corporate bond market, which contributes 17 per cent to the country's Gross Domestic Product(GDP) and is highly concentrated in the AAA rated bonds, is expected to change once the Insolvency and Bankruptcy Code (IBC) brin
Read More