Search For "insolvency"
IBC data provides valuable insights to handle complex cases: M Rajeshwar R
Updated : 1 year, 2 months ago IST
M Rajeshwar Rao, Deputy Governor of the Reserve Bank of India (RBI), highlighted the importance of institutionalising data under the Insolvency and Bankruptcy Code (IBC) to provide valuable insights and precedents for handling complex cases.
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ED restitutes assets worth Rs 4025 cr to JSW
Updated : 1 year, 3 months ago IST
The Directorate of Enforcement (ED) restituted assets worth Rs 4,025 crore to JSW, which was a Successful Resolution Applicant to the assets of erstwhile Bhushan Power and Steel Ltd under the Insolvency and Bankruptcy Code (IBC) corporate resolution process (CIRP).
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RBI Deputy Governor M Rajeshwar Rao highlights IBC's transformative impact
Updated : 1 year, 3 months ago IST
M Rajeshwar Rao, Deputy Governor, Reserve Bank of India (RBI) on Sunday highlighted the transformative journey of the Insolvency and Bankruptcy Code (IBC) since 2016, emphasising its critical role in improving bank asset quality and facilitating substantial pre-admission settlements of un
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Lasa Supergenerics Limited Announces Successful withdrawal of Application
Updated : 1 year, 4 months ago IST
Mumbai (Maharashtra) [India], November 14: Lasa Supergenerics Ltd., a leading innovator in a vertically integrated group spanning the entire animal and human healthcare value chain, announces Insolvency Application which was filed by Financial Creditor (Bank of Baroda) against the company st
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Setback to Byju, SC reverses NCLAT order closing insolvency proceedings
Updated : 1 year, 4 months ago IST
In a setback to ed-tech company Byju, the Supreme Court on Wednesday set aside the decision of the National Company Law Appellate Tribunal (NCLAT) closing the insolvency proceedings against ed-tech company Byju's by accepting a settlement between it and the Board of Control for Cricket in In
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Supreme Court sets aside NCLAT decision closing insolvency proceedings aga
Updated : 1 year, 4 months ago IST
The Supreme Court on Wednesday set aside the decision of National Company Law Appellate Tribunal (NCLAT) closing the insolvency proceedings against ed-tech company Byju's by accepting a settlement between it and the Board of Control for Cricket in India (BCCI) for about Rs 158 crores.
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SC reserves verdict on plea challenging NCLAT order over Byju's insolvency
Updated : 1 year, 5 months ago IST
The Supreme Court on Thursday reserved its order on a plea challenging a National Company Law Appellate Tribunal decision to halt insolvency proceedings initiated by Byju's.
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India's manufacturing is all set to expand with robust foundations of refo
Updated : 1 year, 6 months ago IST
The stage is set for a new era of growth fuelled by recent reforms and strategic initiatives of the government. Over the past decade, key reforms such as the Make in India initiative, the Unified Payments Interface (UPI), the Real Estate Regulatory Authority (RERA), the Insolvency and Ban
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String Metaverse (Bio Green Papers, BSE: 534535) Reports Q1 FY25: Rs 50.02
Updated : 1 year, 7 months ago IST
New Delhi [India], August 16: String Metaverse LTD, following its merger with Bio Green Papers Limited (BSE: 534535) as approved by the Honourable National Company Law Tribunal (NCLT) under the scheme of arrangement of the Insolvency and Bankruptcy Code (IBC), has reported robust financial r
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Resolutions under IBC up by a record 42 pc in FY 2024; real estate and man
Updated : 1 year, 7 months ago IST
The Insolvency and Bankruptcy Code (IBC) recorded the highest-ever number of resolutions in fiscal 2024. In the year 269 cases received approval from the National Company Law Tribunal (NCLT) for resolution plans.
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Strengthening of debt recovery Tribunal and establishment of Addl Tribunal
Updated : 1 year, 7 months ago IST
The Finance Minister proposed that an Integrated Technology Platform be set up to improve outcomes under the Insolvency and Bankruptcy Code (IBC), thereby ensuring consistency, transparency, timely processing, and better oversight for all stakeholders.
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Indian Institute of Corporate Affairs (IICA) inaugurates sixth batch of fl
Updated : 1 year, 8 months ago IST
In his inaugural address as the Chief Guest, Justice S Ravindra Bhat highlighted the journey of IBC over the last eight years and compared the objectives of IBC, 2016 with RDB Act 1993 and SARFEASI Act 2002 and how the earlier laws were fragmented. The role of NCLT, NCLAT, CIRP, the role of
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