Search For "insolvency"
Reforms in pension scheme, tax on deposits, PSBs' consolidation must be on
Updated : 1 year, 8 months ago IST
The key reforms brought in over the past decade were Jan Dhan; Digitization, financial inclusion; recapitalisation of PSBs; API-based banking; Insolvency and Bankruptcy Code; GST; and platform business models, among others.
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Insolvency and Bankruptcy Code helped banks to recover from NPA: Nirmala S
Updated : 1 year, 9 months ago IST
Citing the success of the IBC, she mentioned that World Bank, in its 2019 report, noted that India's 2016 insolvency regime reform increased creditor recovery rates from 26.5 to 71.6 cents on the dollar, making India 'by far the best performer in South Asia' and surpassing even the averag
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With clean balance-sheet Indian Banking sector has enough opportunity for
Updated : 1 year, 10 months ago IST
India's banking sector is ready and fit to support the growth of India in the coming years highlights KV Kamath, Chairman, National Bank for Financing Infrastructure & Development in an exclusive conversation with ANI.
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Cases under IBC closed through approval of resolution plans jump to 29 per
Updated : 1 year, 11 months ago IST
This uptick in resolutions is attributed to various structural improvements initiated by the Insolvency and Bankruptcy Board of India (IBBI), indicating positive momentum in the resolution landscape.
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"Insolvency and Bankruptcy Code a crucial milestone in the economic reform
Updated : 2 years, 6 months ago IST
Stressing that the Insolvency and Bankruptcy Code, implemented in 2016, is a crucial milestone in the economic reforms, Prime Minister Narendra Modi on Saturday said that India, which used to be counted among the "Fragile Five" economies, is now being considered a bright spot in the globa
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Cyril Amarchand Mangaldas advises on CIRP of Sharon Bio-Medicine
Updated : 2 years, 7 months ago IST
Mumbai (Maharashtra)/ New Delhi [India], August 2: Cyril Amarchand Mangaldas acted as legal counsel for Resolution Professional (RP) and Monitoring Committee of Sharon Bio-Medicine Limited in the corporate insolvency resolution process (CIRP) of Sharon Bio-Medicine Limited (Sharon), a listed
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DGCA allows Go First to resume operations subject to conditions
Updated : 2 years, 7 months ago IST
On May 2, Go First cancelled its flights and filed for voluntary bankruptcy before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker, Pratt & Whitney, for its inability to promptly meet obligations -- leading to the grounding of a portion of
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Cyril Amarchand Mangaldas advises JSW Steel Coated Products on CIRP of Nat
Updated : 2 years, 8 months ago IST
Mumbai (Maharashtra)/ New Delhi [India], July 7: Cyril Amarchand Mangaldas advised and represented JSW Steel Coated Products Limited (JSW Steel Coated Products) in connection with the submission and implementation of a resolution plan for National Steel & Agro Industries Limited ("Target
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Introducing a comprehensive & practical guide to navigate the Insolven
Updated : 2 years, 8 months ago IST
New Delhi [India], July 3: The Indian business community, financial institutions, and stakeholders have long grappled with the challenges of resolving financial distress in businesses. However, with the dawn of the Insolvency and Bankruptcy Code, 2016 (IBC), a new era of comprehensive legal
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Go First resolution professional set to meet regulator DGCA to discuss rev
Updated : 2 years, 8 months ago IST
Crisis-hit Go First airline's resolution professional Shailesh Ajmera is set to meet civil aviation regulator DGCA and discuss the revival plan of the now-grounded airline. The meeting was scheduled for today afternoon.
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GoFirst flights grounded for almost two months after it filed insolvency
Updated : 2 years, 8 months ago IST
In early May, Go First filed for bankruptcy at the National Company Law Tribunal and suspended its flight operations due to rising losses, primarily due to delays in the delivery of Pratt and Whitney's engines leading to the grounding of a portion of its fleet. The airline expects immediate
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Go First extends flight cancellations till June 12
Updated : 2 years, 9 months ago IST
The airline operator had in early May filed for voluntary insolvency and since then its operations were kept stalled.
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