Search For "insolvency and bankruptcy code"
Debt-ridden DHFL posts Q3 net profit at Rs 934 crore
Updated : 6 years ago IST
Mumbai (Maharashtra) [India], Feb 20 (ANI): Debt-ridden mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) on Thursday reported a standalone net profit of Rs 934 crore in the third quarter of current financial year as against a loss of Rs 6,705 crore in the same period of previous
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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.
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9,653 cases resolved under IBC: Corporate Affairs Ministry
Updated : 6 years, 2 months ago IST
New Delhi [India], Dec 15 (ANI): Out of 21,136 applications filed, 9,653 cases involving a total amount of approximately Rs 3,74,931.30 crore have been disposed of at the pre-admission stage of Insolvency and Bankruptcy Code, 2016 (IBC) so far, said the Ministry of Corporate Affairs on Sunda
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Bill to amend insolvency and bankruptcy code introduced in Lok Sabha
Updated : 6 years, 3 months ago IST
New Delhi [India], Dec 12 (ANI): A bill was introduced in the Lok Sabha on Thursday which seeks to remove bottlenecks, streamline the Corporate Insolvency Resolution Process (CIRP) and protection of last-mile funding to boost investment in financially distressed sectors.
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Cabinet approves Insolvency and Bankruptcy Code (Second Amendment) Bill, 2
Updated : 6 years, 3 months ago IST
New Delhi [India], Dec 11 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal to make amendments in the Insolvency and Bankruptcy Code, 2016 (Code), through the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019.
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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.
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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.
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Rajasthan CM writes to PM Modi to amend Bankruptcy Code
Updated : 6 years, 5 months ago IST
Jaipur (Rajasthan) [India], Oct 1 (ANI): Chief Minister Ashok Gehlot has written to Prime Minister Narendra Modi, requesting him to safeguard the state government's assets and interests of workers in the eventuality of insolvency of a public enterprise.
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Resolution of stressed construction companies a challenge even under revam
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 5 (ANI): ICRA Ratings said on Monday it sees significant challenges in the resolution of stressed construction companies, which has the likelihood of delaying the process and reducing the realisable value considerably.
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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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LS takes up for discussion Insolvency Code (Amendment) Bill
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 1 (ANI): The Lok Sabha on Thursday took up for discussion a Bill that seeks to provide 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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