Search For "insolvency"
Anil Ambani, 4 others resign from bankrupt Reliance Communications
Updated : 6 years, 3 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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Essar Steel Insolvency: SC sets aside NCLT order, upholds rights of lender
Updated : 2 years, 4 months ago IST
New Delhi [India], Nov 15 (ANI): The Supreme Court on Friday allowed a petition filed by Committee of Creditors of Essar Steel India and set aside the National Company Law Tribunal (NCLT) order which had provided for an equal distribution of proceeds between financial and operational credito
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NCLAT stays proceedings in Raheja Developers insolvency case, reserves ord
Updated : 6 years, 5 months ago IST
New Delhi [India] Oct 14(ANI/BusinessWire India): In a relief to Delhi based Raheja Developers Ltd, National Company Law Appellate Tribunal (NCLAT) has reserved its order in the case of insolvency proceedings and ordered a stay on Publication of Notices, Claims and Constitution of Committee
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IBC has helped improve business environment: Sitharaman
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 1 (ANI): Lauding the Insolvency and Bankruptcy Code (IBC), Finance Minister Nirmala Sitharaman on Tuesday said it has improved business environment in the country by making it easier for businesses to exit in case of difficulties.
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Rajasthan CM writes to PM Modi to amend Bankruptcy Code
Updated : 6 years, 5 months ago IST
Jaipur (Rajasthan) [India], Oct 1 (ANI): Chief Minister Ashok Gehlot has written to Prime Minister Narendra Modi, requesting him to safeguard the state government's assets and interests of workers in the eventuality of insolvency of a public enterprise.
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HDIL sheds 20 pc after NCLT admits Bank of India's insolvency plea against
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 21 (ANI): Shares of Housing Development and Infrastructure Ltd (HDIL) were locked in 20 per cent lower circuit on Wednesday after the National Company Law Tribunal (NCLT) admitted Bank of India's insolvency plea against the realtor.
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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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Resolution of stressed construction companies a challenge even under revam
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 5 (ANI): ICRA Ratings said on Monday it sees significant challenges in the resolution of stressed construction companies, which has the likelihood of delaying the process and reducing the realisable value considerably.
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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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Rajya Sabha approves Insolvency and Bankruptcy Code (Amendment) Bill, 2019
Updated : 6 years, 7 months ago IST
New Delhi (India), July 29 (ANI): The Rajya Sabha on Monday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2019 that seeks to speed up the entire process of bankruptcy resolution and setting deadlines for completion.
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IBC Amendment Bill to address concerns over delay in insolvency proceeding
Updated : 6 years, 7 months ago IST
New Delhi [India], July 29 (ANI): Union Finance Minister Nirmala Sitharaman on Monday the Insolvency and Bankruptcy Code Amendment Bill 2019 contains measures to dispel concerns over extensive litigation causing undue delays in insolvency proceedings.
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