Search For "insolvency"
Govt likely to move IBC Amendment Bill in Parliament on Monday
Updated : 6 years, 7 months ago IST
New Delhi [India], July 18 (ANI): The government is likely to move Insolvency and Bankruptcy Code (IBC) Amendment Bill in Parliament on Monday, sources in the Ministry of Corporate Affairs (MCA) said on Thursday.
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Cabinet approves proposal to carry out 7 amendments to Insolvency and Bank
Updated : 6 years, 8 months ago IST
New Delhi [India], July 17 (ANI): The Union Cabinet on Wednesday approved the proposal to carry out 7 amendments to the Insolvency and Bankruptcy Code, 2016 through the Insolvency and Bankruptcy Code (Amendment) Bill, 2019.
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Revival of Jet Airways possible only under IBC: Hardeep Puri
Updated : 6 years, 8 months ago IST
New Delhi (India), July 11 (ANI) The Central government on Thursday ruled out raising funds for the beleaguered Jet Airways and asserted that its revival was now possible only under Insolvency & Bankruptcy Code (IBC).
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Claims worth over Rs 1.73 lakh crore settled under IBC: Economic Survey
Updated : 6 years, 8 months ago IST
New Delhi [India], July 4 (ANI): The corporate insolvency resolution process yielded a resolution of 94 cases till March 31 which has resulted in the settlement of claims worth Rs 173,359 crore, according to the Economic Survey 2018-19 tabled by Finance Minister Nirmala Sitharaman in Parliam
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Revival of Jet Airways only possible under Insolvency and Bankruptcy Code:
Updated : 6 years, 8 months ago IST
New Delhi [India], June 27 (ANI): Union Civil Aviation Minister Hardeep Singh Puri on Thursday said that the revival of Jet Airways is only possible under the Insolvency & Bankruptcy Code, 2016.
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NCLT admits insolvency plea by SBI against Jet Airways
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 21 (ANI): The local bench of National Company Law Tribunal (NCLT) on Thursday admitted the insolvency application filed by the State Bank of India (SBI) against grounded Jet Airways.
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Lenders to begin insolvency proceedings against Jet Airways
Updated : 6 years, 9 months ago IST
New Delhi [India], June 18 (ANI): Insolvency proceedings against Jet Airways are likely to begin this week as a consortium of lenders led by the State Bank of India (SBI) failed to find a buyer for the beleaguered airline.
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Creditors expect increase in realisations through IBC despite hiccups
Updated : 6 years, 10 months ago IST
New Delhi [India], May 19 (ANI): Innumerable litigations, defiant promoters, failing sectors and over-burdened National Company Law Tribunals (NCLTs) have negatively impacted corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) over the past two years, ac
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IBC implementation largely on track, though resolution timeline remains a
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 14 (ANI): Exactly three years since it was legislated, the Insolvency and Bankruptcy Code (IBC) 2016 has made material progress in addressing the logjams it was supposed to -- which is faster recovery of stressed assets and quicker resolution timelines. Read More
IBBI, SEBI sign MoU for better implementation of IBC
Updated : 6 years, 12 months ago IST
Mumbai (Maharashtra) [India], Mar 19 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) signed a memorandum of understanding (MoU) on Tuesday with the Securities and Exchange Board of India (SEBI) for effective implementation of the new bankruptcy law.
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IBBI signs pact with International Finance Corporation to train profession
Updated : 7 years ago IST
New Delhi [India], Mar 7 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has signed a cooperation agreement with the International Finance Corporation (IFC) to train professionals, the government said on Thursday.
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IBC brought back Rs 3 lakh crore into banking system: Jaitley
Updated : 7 years ago IST
New Delhi [India], Feb 28 (ANI): The Insolvency and Bankruptcy Code (IBC) has brought back close to Rs 3 lakh crore back into the banking system, Finance Minister Arun Jaitley said on Thursday.
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