Search For "insolvency and bankruptcy code"
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, 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.
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Cabinet approves proposal to carry out 7 amendments to Insolvency and Bank
Updated : 6 years, 8 months ago IST
New Delhi [India], July 17 (ANI): The Union Cabinet on Wednesday approved the proposal to carry out 7 amendments to the Insolvency and Bankruptcy Code, 2016 through the Insolvency and Bankruptcy Code (Amendment) Bill, 2019.
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Revival of Jet Airways only possible under Insolvency and Bankruptcy Code:
Updated : 6 years, 8 months ago IST
New Delhi [India], June 27 (ANI): Union Civil Aviation Minister Hardeep Singh Puri on Thursday said that the revival of Jet Airways is only possible under the Insolvency & Bankruptcy Code, 2016.
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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
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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
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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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.
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NPAs have begun to stabilise, indicates RBI report
Updated : 7 years, 2 months ago IST
New Delhi [India[, Dec 28 (ANI): The latest statutory report by Reserve Bank of India on Trend and Progress of Banking in India 2017-18 indicates that the Non-Performing Assets (NPAs) have begun to stabilise, albeit at an elevated level; capital positions have been buffered and the provision
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'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).
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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
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'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
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