Search For "insolvency and bankruptcy code"
Insolvency proceedings against Reliance Capital begin; RBI files applicati
Updated : 4 years, 3 months ago IST
New Delhi [India], December 3 (ANI): The Reserve Bank on Thursday filed an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) against Reliance Capital under sections of Insolvency and Bankruptcy Code, 2016 at the Mumbai Bench of the National Company Law Trib
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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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Insolvency and Bankruptcy Bill enables efficient resolution framework : Si
Updated : 4 years, 7 months ago IST
New Delhi [India], August 4 (ANI): Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Wednesday said that the passage of the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 enables an efficient alternative insolvency resolution framework for micro, small and medium e
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Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill, 2021
Updated : 4 years, 7 months ago IST
New Delhi [India], July 28 (ANI): The Lok Sabha on Wednesday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 which was introduced in the Lower House on July 26.
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Parliament: Bill to amend Insolvency and Bankruptcy Code, 2016 to be intro
Updated : 4 years, 7 months ago IST
New Delhi [India], July 26 (ANI): As the Lok Sabha is all set to resume proceedings on Monday two days after the house was adjourned amid the ruckus created by the Opposition, Union Finance Minister Nirmala Sitharaman will introduce a bill to amend the Insolvency and Bankruptcy Code, 2016.
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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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President Kovind promulgates Insolvency and Bankruptcy Code (Amendment) Or
Updated : 4 years, 11 months ago IST
New Delhi [India], April 7 (ANI): President Ram Nath Kovind promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 on Sunday, a statement issued by the Ministry of Corporate Affairs informed on Wednesday.
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324 companies filed for bankruptcy between 2018 to 2020
Updated : 4 years, 12 months ago IST
New Delhi [India], March 16 (ANI): As many as 324 companies have filed for bankruptcy between 2018 to 2020, informed the Ministry of Corporate Affairs on Tuesday.
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Parliament passes bill to amend Insolvency and Bankruptcy Code
Updated : 5 years, 5 months ago IST
New Delhi [India], September 21 (ANI): The Parliament on Monday passed a bill that temporarily suspends initiation of corporate insolvency resolution process under the IBC, for a period not exceeding one year from March 25, to provide relief to companies affected by COVID-19 to recover fr
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