Search For "resolution process"
IBBI amends Insolvency and Bankruptcy Board of India (Liquidation Process)
Updated : 6 years, 2 months ago IST
New Delhi [India], Jan 7 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Liquidation Process) Amendment Regulations 2020.
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Bill to amend insolvency and bankruptcy code introduced in Lok Sabha
Updated : 6 years, 3 months ago IST
New Delhi [India], Dec 12 (ANI): A bill was introduced in the Lok Sabha on Thursday which seeks to remove bottlenecks, streamline the Corporate Insolvency Resolution Process (CIRP) and protection of last-mile funding to boost investment in financially distressed sectors.
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NBCC submits revised resolution plan for Jaypee Infratech
Updated : 6 years, 3 months ago IST
New Delhi [India], Dec 4 (ANI): Public sector construction major NBCC India Ltd has submitted a revised resolution plan for debt-laden Jaypee Infratech Ltd.
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Enabling resolution of finance companies under IBC credit positive for ban
Updated : 6 years, 3 months ago IST
Singapore, Nov 25 (ANI): Inclusion of non-bank finance institutions (NBFIs) in the Insolvency and Bankruptcy Code (IBC) 2016 is credit positive for banks, Moody's Investors Service said on Monday.
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RCOM lenders reject Anil Ambani's resignation
Updated : 2 years, 4 months ago IST
Mumbai (Maharashtra) [India], Nov 24 (ANI): Reliance Communications Limited (RCOM) has rejected the resignations tendered by Anil Dhirubhai Ambani and four other directors, instructing them to continue holding their posts till the insolvency resolution process of RCOM is completed.
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NBCC submits revised bid for crisis-hit Jaypee Infratech
Updated : 6 years, 3 months ago IST
New Delhi [India], Nov 18 (ANI): Public sector construction major NBCC India Ltd said on Monday it has submitted a resolution plan for debt-laden Jaypee Infratech Ltd with respect to the latter's corporate insolvency resolution process.
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Anil Ambani, 4 others resign from bankrupt Reliance Communications
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Nov 16 (ANI): Billionaire industrialist Anil Ambani on Saturday resigned as Director of Reliance Communications as the bankrupt telecom operator nears sale of its assets under an insolvency process.
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IL&FS gets binding bids for 10 road assets in domestic roads transportatio
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 31 (ANI): IL&FS has got binding bids for 10 road assets in its domestic roads transportation vertical as the cash-strapped conglomerate struggles with an overall resolution process being undertaken by the new board.
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Jet Airways employees stage protest in New Delhi, demand salaries
Updated : 6 years, 7 months ago IST
New Delhi (India), Aug 6 (ANI): Jet Airways employees held a protest at Jantar Mantar here on Tuesday, demanding the company to release a part of their salaries till completion of the insolvency resolution process.
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Parliament passes bill to amend IBC Code
Updated : 6 years, 7 months ago IST
New Delhi [India], August 1 (ANI): The Parliament on Thursday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2019 that provides a 330-day timeline for insolvency resolution process and specifies minimum payouts to operational creditors in any resolution plan.
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LS takes up for discussion Insolvency Code (Amendment) Bill
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 1 (ANI): The Lok Sabha on Thursday took up for discussion a Bill that seeks to provide a 330-day timeline for insolvency resolution process and specifies minimum payouts to operational creditors in any resolution plan.
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DHFL says it remains strong and solvent, resolution plan underway
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 15 (ANI): Despite the financial crisis at Dewan Housing Finance Corporation Limited (DHFL), the company said on Monday that it has withstood intense pressure and continues to remain strong and solvent.
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