Search For "insolvency"
Cabinet approves promulgation of IBC (Amendment) Ordinance 2019
Updated : 6 years, 2 months ago IST
New Delhi [India], Dec 24 (ANI): The Union Cabinet on Tuesday approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.
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Patanjali Ayurved completes acquisition of bankrupt Ruchi Soya for Rs 4,35
Updated : 6 years, 2 months ago IST
New Delhi [India], Dec 19 (ANI): Debt-ridden Ruchi Soya's resolution is complete with Yoga guru Baba Ramdev's Patanjali Ayurved depositing Rs 1,100 crore equity in a State Bank of India (SBI) escrow account to acquire the edible oil maker for Rs 4,350 crore.
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9,653 cases resolved under IBC: Corporate Affairs Ministry
Updated : 6 years, 3 months ago IST
New Delhi [India], Dec 15 (ANI): Out of 21,136 applications filed, 9,653 cases involving a total amount of approximately Rs 3,74,931.30 crore have been disposed of at the pre-admission stage of Insolvency and Bankruptcy Code, 2016 (IBC) so far, said the Ministry of Corporate Affairs on Sunda
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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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Cabinet approves Insolvency and Bankruptcy Code (Second Amendment) Bill, 2
Updated : 6 years, 3 months ago IST
New Delhi [India], Dec 11 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal to make amendments in the Insolvency and Bankruptcy Code, 2016 (Code), through the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019.
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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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RBI files application for bankruptcy proceedings against DHFL
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Nov 30 (ANI): The Reserve Bank of India (RBI) has filed an application to initiate insolvency proceedings against mortgage lender Dewan Housing Finance Ltd (DHFL).
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Enabling resolution of finance companies under IBC credit positive for ban
Updated : 6 years, 3 months ago IST
Singapore, Nov 25 (ANI): Inclusion of non-bank finance institutions (NBFIs) in the Insolvency and Bankruptcy Code (IBC) 2016 is credit positive for banks, Moody's Investors Service said on Monday.
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RCOM lenders reject Anil Ambani's resignation
Updated : 2 years, 4 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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RBI appoints advisory panel to assist administrator of DHFL
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Nov 22 (ANI): The Reserve Bank of India (RBI) on Friday appointed a three-member advisory committee to assist R Subramaniakumar, the former Managing Director and CEO of Indian Overseas Bank who recently took over the administrator for Dewan Housing Finance Corpo
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RBI supersedes DHFL board, to initiate insolvency proceedings
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Nov 20 (ANI): The Reserve Bank of India (RBI) on Wednesday superseded the board of beleaguered Dewan Housing Finance Corporation Limited (DHFL) as it "intends to shortly" initiate the process of insolvency.
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NBCC submits revised bid for crisis-hit Jaypee Infratech
Updated : 6 years, 3 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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