Search For "insolvency"
Insolvency and Bankruptcy Code (Amendment) Bill introduced in Lok Sabha, t
Updated : 7 months ago IST
A bill that introduces a "creditor-initiated insolvency resolution process" with an out-of-court initiation mechanism for genuine business failures to facilitate faster and more cost-effective insolvency resolution was introduced in Lok Sabha on Tuesday.
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Parliamentary Standing Committee on Finance to meet today; discuss Bankrup
Updated : 7 months, 1 week ago IST
The panel has on its agenda to discuss the oral evidence of the representatives of the Reserve Bank of India (RBI) on the subject 'Review of working of Insolvency and Bankruptcy Code and Emerging Issues'. The standing committee on Finance will also discuss the consideration and adoption o
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SC dismisses appeals of BCCI, BYJU'S promoters against NCLAT order in inso
Updated : 7 months, 1 week ago IST
The Supreme Court on Monday dismissed pleas filed by the Board of Control for Cricket in India (BCCI) and Byju's co-founder Riju Raveendran challenging a NCLAT Chennai order which denied the withdrawal of insolvency proceedings initiated by the BCCI.
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"Meaningful discussion": Parliamentary Standing Committee on Finance Chair
Updated : 8 months ago IST
Stating that he had a very "meaningful" discussion with the RBI Governor, Mahtab informed that a wide range of information on the economic situation and the financial system of the country was discussed during the meeting.
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NCLAT overrules NCLT: Univastu's resolution plan for Setubandhan gets reco
Updated : 8 months ago IST
The National Company Law Appellate Tribunal (NCLAT) has overturned a decision passed by the National Company Law Tribunal (NCLT), which had rejected a resolution plan submitted by Univastu India Limited for Setubandhan Infrastructure Ltd. The NCLAT has now directed that the plan be reconside
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Parliamentary Standing Committee on Finance to meet today
Updated : 8 months, 1 week ago IST
Meanwhile, the central government is likely to bring an amendment in the Insolvency and Bankruptcy Code (IBC) in the upcoming monsoon session of Parliament, sources told ANI.
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SC admits appeal of BYJU'S promoters against NCLAT order; issues notices t
Updated : 9 months, 2 weeks ago IST
The Supreme Court on Thursday admitted the appeals filed by the promoters of Byju's challenging the NCLAT Chennai order which denied the withdrawal of insolvency proceedings initiated by the BCCI, despite a full and final settlement of dues prior to the constitution of the Committee of Credi
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Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low
Updated : 9 months, 2 weeks ago IST
Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA.
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Government likely to bring IBC amendment bill in Parliament's monsoon sess
Updated : 9 months, 4 weeks ago IST
The amendment in Section 31(4) of the Insolvency and Bankruptcy Code (IBC) will be made. This particular section mandates prior approval from the CCI for any resolution plan.
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Corporate bankruptcies rise sharply in Austria in Q1 2025
Updated : 10 months, 3 weeks ago IST
Austria saw a sharp 8 per cent rise in corporate bankruptcies in Q1 2025, with 2,004 companies filing for insolvency and EUR 19 billion in financial liabilities, affecting around 25,000 jobs and raising concerns about the country's economic trajectory.
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Sangamam Power Projects to Retain 1200 Employees of Karvy Data Management
Updated : 1 year, 2 months ago IST
Hyderabad (Telangana) [India], December 27: In a significant development, the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Sangamam Power Projects, a leader in sustainable energy solutions, to acquire Karvy Data Management Services Limited (KDMSL) and it
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Fostering Integrity in Valuation: Hon'ble Justice, Kerala High Court, Call
Updated : 1 year, 2 months ago IST
Kochi (Kerala) [India], December 20: The 55th Indian Valuers Congress (IVC 2024) brought together over 600 delegates to highlight the growing significance of valuation in shaping economic decision-making and driving national growth. The event, organized by the Institution of Valuers (IOV) in
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