Search For "insolvency resolution process"
IBBI amends Insolvency and Bankruptcy Board of India (Liquidation Process)
Updated : 6 years, 2 months ago IST
New Delhi [India], Jan 7 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Liquidation Process) Amendment Regulations 2020.
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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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NBCC submits revised resolution plan for Jaypee Infratech
Updated : 6 years, 3 months ago IST
New Delhi [India], Dec 4 (ANI): Public sector construction major NBCC India Ltd has submitted a revised resolution plan for debt-laden Jaypee Infratech Ltd.
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RCOM lenders reject Anil Ambani's resignation
Updated : 2 years, 5 months ago IST
Mumbai (Maharashtra) [India], Nov 24 (ANI): Reliance Communications Limited (RCOM) has rejected the resignations tendered by Anil Dhirubhai Ambani and four other directors, instructing them to continue holding their posts till the insolvency resolution process of RCOM is completed.
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NBCC submits revised bid for crisis-hit Jaypee Infratech
Updated : 6 years, 4 months ago IST
New Delhi [India], Nov 18 (ANI): Public sector construction major NBCC India Ltd said on Monday it has submitted a resolution plan for debt-laden Jaypee Infratech Ltd with respect to the latter's corporate insolvency resolution process.
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Anil Ambani, 4 others resign from bankrupt Reliance Communications
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Nov 16 (ANI): Billionaire industrialist Anil Ambani on Saturday resigned as Director of Reliance Communications as the bankrupt telecom operator nears sale of its assets under an insolvency process.
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Jet Airways employees stage protest in New Delhi, demand salaries
Updated : 6 years, 7 months ago IST
New Delhi (India), Aug 6 (ANI): Jet Airways employees held a protest at Jantar Mantar here on Tuesday, demanding the company to release a part of their salaries till completion of the insolvency resolution process.
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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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Claims worth over Rs 1.73 lakh crore settled under IBC: Economic Survey
Updated : 6 years, 8 months ago IST
New Delhi [India], July 4 (ANI): The corporate insolvency resolution process yielded a resolution of 94 cases till March 31 which has resulted in the settlement of claims worth Rs 173,359 crore, according to the Economic Survey 2018-19 tabled by Finance Minister Nirmala Sitharaman in Parliam
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Creditors expect increase in realisations through IBC despite hiccups
Updated : 6 years, 10 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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Lenders of Ruchi Soya asked for rebidding: Ramdev
Updated : 7 years, 9 months ago IST
New Delhi [India], June 5 (ANI): Yoga guru Ramdev has said that the lenders of bankruptcy-hit Ruchi Soya Industries Limited have asked for rebidding between two bidders - Patanjali Ayurved and Adani Wilmer.
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