Search For "insolvency"
SC upholds provisions of insolvency to personal guarantees of debtors
Updated : 4 years, 9 months ago IST
New Delhi [India], May 21 (ANI): The Supreme Court on Thursday upheld the Central government notification, bringing into effect the provisions in relation to personal insolvency in respect to personal guarantors to corporate debtors.
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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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Mallya receives fresh blow as judge denies appeal to dismiss bankruptcy pr
Updated : 5 years, 2 months ago IST
London [UK], January 13 (ANI): The UK High Court today refused an appeal by the fugitive businessman Vijay Mallya to dismiss the bankruptcy petition brought by a consortium of banks which are attempting to recover the debts owed by Mallya's now-defunct Kingfisher Airlines in lieu of the loan
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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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Rajya Sabha passes Insolvency and Bankruptcy Code (Second Amendment) Bill,
Updated : 5 years, 5 months ago IST
New Delhi [India], September 19 (ANI): The Rajya Sabha on Saturday passed the Insolvency and Bankruptcy Code, 2016 (Second Amendment) Bill on Saturday.
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Nirmala Sitharaman moves bill in Rajya Sabha to amend Insolvency and Bank
Updated : 5 years, 5 months ago IST
New Delhi [India], September 19 (ANI): Union Finance Minister Nirmala Sitharaman on Saturday moved the bill for the amendment of the Insolvency and Bankruptcy Code, 2016 in the Rajya Sabha on Saturday.
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Delhi HC stays IBC proceedings against Anil Ambani
Updated : 5 years, 6 months ago IST
New Delhi [India], Aug 27 (ANI): The Delhi High Court stayed Insolvency & Bankruptcy Code (IBC) proceedings against Anil Ambani in matter pertains to a personal guarantee given by him against a loan taken by Reliance Communications Ltd (RCom) and Reliance Infratel Ltd (RITL) from Stat
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India's bank debt restructuring to delay NPL recognition: Fitch
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 11 (ANI): The Reserve Bank of India's (RBI's) recent proposal to allow banks to restructure many types of loans will extend uncertainty over the banking sector's asset quality, Fitch Ratings said on Tuesday.
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Plea challenges IBC (Amendment) Ordinance 2020, Delhi HC issues notice
Updated : 5 years, 7 months ago IST
New Delhi [India], July 28 (ANI): The Delhi High Court on Tuesday issued a notice to the central government on a petition challenging the constitutional validity of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020, suspending provisions of Section 7, 9 and Section 10 of the Ins
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IL&FS board upgrades estimates of debt addressed to over Rs 57,000 cro
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 20 (ANI): The new board of IL&FS Ltd on Monday shared an update on the progress of ongoing resolution process across the group and revised its estimates of debt being addressed to well above 50 per cent of the overall debt of over Rs 99,000 crore.
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