Search For "insolvency"
SC seeks banks' response on Future Retail's plea to restrain lenders from
Updated : 4 years, 1 month ago IST
New Delhi [India], February 1 (ANI): The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
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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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Reliance Capital welcomes RBI's decision, blames complexity of litigation
Updated : 4 years, 3 months ago IST
New Delhi [India], November 30 (ANI): Reliance Capital Limited welcomed the Reserve Bank of India's (RBI) decision to resolve the company's debt in accordance with the Insolvency and Bankruptcy (IBC) Code.
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RBI supersedes Reliance Capital board, to start insolvency process
Updated : 4 years, 3 months ago IST
New Delhi [India], November 29 (ANI): The Reserve Bank of India (RBI) on Monday superseded the board of directors of Reliance Capital Ltd (RCL) in view of the defaults by the company in meeting various payment obligations to its creditors and "serious governance concerns which the Board has
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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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Cyril Amarchand Mangaldas advises on corporate insolvency resolution proce
Updated : 4 years, 8 months ago IST
New Delhi/Mumbai [India], June 22 (ANI/NewsVoir): Cyril Amarchand Mangaldas (Firm) acted as the legal counsel to Committee of Creditors (CoC) of Dewan Housing Finance Corporation Limited (DHFL) on DHFL's corporate insolvency resolution process. The CoC of DHFL comprises of banks, financial i
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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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