Progress on the cases that were admitted at NCLT, those which were resolved at NCLT and the ones disposed off outside the IBC was acknowledged. The review of major cases awaiting admission and resolution at the NCLT benches was undertaken. Secretary (DFS) emphasised that the timelines in
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.
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.
New Delhi [India], September 13 (ANI): The Supreme Court on Monday urged the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) to strictly adhere to the timelines stipulated under the Insolvency and Bankruptcy Code (IBC) and clear pending resolution pla
New Delhi [India], September 8 (ANI): The Reserve Bank of India on Monday released the report of Expert Committee under the chairmanship of KV Kamath which was constituted to make recommendations on the required financial parameters to be factored in the resolution plans under the 'Resoluti
Mumbai (Maharashtra) [India], Sep 30 (ANI): Reliance Anil Dhirubhai Ambani Group (ADAG) Chairman Anil Ambani said on Monday that Reliance Capital will no longer be in any lending business.