Search For "insolvency"
Amendments made in IBC by enhancing default limit from Rs 1 lakh to Rs 1 c
Updated : 5 years, 9 months ago IST
New Delhi [India], May 30 (ANI): Amendments have been made in the Insolvency and Bankruptcy Code (IBC) by enhancing the default limit from Rs 1 lakh to Rs 1 crore.
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Dhir&Dhir Associates establishes a dedicated COVID-19 advisory desk
Updated : 5 years, 9 months ago IST
New Delhi [India] May 21 (ANI/BusinessWire India): With the world's most massive lockdown to date in its fourth stage, the legal fraternity both in law firms and corporates are gearing up to meet the crisis with utmost brevity and force.
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IBC extension, reforms, focus on rural economy among laudable features of
Updated : 5 years, 10 months ago IST
New Delhi [India], May 17 (ANI): Describing emergent measures like one-year abeyance for the insolvency proceedings under Insolvency and Bankruptcy Code (IBC) and further reducing company law compliance burden as a hallmark of an agile and responsive government, the ASSOCHAM today said the P
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Coronavirus-related debts to be excluded from defaults under IBC
Updated : 5 years, 10 months ago IST
New Delhi [India], May 17 (ANI): Corporate debts related to COVID-19 pandemic will be excluded from default category under the Insolvency and Bankruptcy Code (IBC) for a period of up to one year, Finance Minister Nirmala Sitharaman said on Sunday.
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IBBI amends CIRP regulations to provide relief amid lockdown
Updated : 5 years, 11 months ago IST
New Delhi [India], Mar 31 (ANI): To address the difficulty faced by the lockdown due to COVID-19, the Insolvency and Bankruptcy Board of India (IBBI) amended the Corporate Insolvency Resolution Process (CIRP) regulations to provide relief in the corporate insolvency resolution process.
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BJP issues whip to its RS MPs, asks them to be present on Thursday
Updated : 6 years ago IST
New Delhi [India], Mar 11 (ANI): The Bharatiya Janata Party (BJP) on Wednesday issued a whip to its Rajya Sabha MPs to be present in House on March 12.
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76 steps taken to ensure wealth creators treated with respect, says Sithar
Updated : 6 years ago IST
New Delhi [India], Mar 6 (ANI): Union Finance Minister Nirmala Sitharaman on Friday said that the government has taken 76 steps to remove 65 sections of criminalities in Companies Act so as to ensure our commitment that wealth creators of this country-Big, Small and large companies will b
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IBC has changed the culture; earlier regime was favorable to defaulting in
Updated : 6 years ago IST
New Delhi [India], Mar 6 (ANI): Justice NV Ramana, a judge in the Supreme Court, on Friday said that the Insolvency and Bankruptcy Code, 2016 has changed the culture in the country adding that the earlier regime was more favourable to defaulting industrialists.
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Sitharaman to move Insolvency and Bankruptcy Code (Second Amendment) Bill,
Updated : 6 years ago IST
New Delhi [India], Mar 6 (ANI): Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.
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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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Union Cabinet clears proposed change to Insolvency and Bankruptcy Amendmen
Updated : 6 years, 2 months ago IST
New Delhi [India], Jan 9 (ANI/NewsVoir): Recently the Union Cabinet has cleared a proposed change to Section 7 of the Insolvency and Bankruptcy Amendment Bill (2019) which suggests that at least 100 or 10 per cent of the total buyers, whichever is lower in a real estate project will have to
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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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