Search For "resolution process"
Claims worth over Rs 1.73 lakh crore settled under IBC: Economic Survey
Updated : 6 years, 8 months ago IST
New Delhi [India], July 4 (ANI): The corporate insolvency resolution process yielded a resolution of 94 cases till March 31 which has resulted in the settlement of claims worth Rs 173,359 crore, according to the Economic Survey 2018-19 tabled by Finance Minister Nirmala Sitharaman in Parliam
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Creditors expect increase in realisations through IBC despite hiccups
Updated : 6 years, 9 months ago IST
New Delhi [India], May 19 (ANI): Innumerable litigations, defiant promoters, failing sectors and over-burdened National Company Law Tribunals (NCLTs) have negatively impacted corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) over the past two years, ac
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Lenders of Ruchi Soya asked for rebidding: Ramdev
Updated : 7 years, 9 months ago IST
New Delhi [India], June 5 (ANI): Yoga guru Ramdev has said that the lenders of bankruptcy-hit Ruchi Soya Industries Limited have asked for rebidding between two bidders - Patanjali Ayurved and Adani Wilmer.
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Ruchi Soya CoC to meet Patanjali, Adani Wilmer
Updated : 7 years, 9 months ago IST
New Delhi [India], May 25 (ANI): The Committee of Creditors (CoC) of Ruchi Soya Industries Limited will on Monday meet and hold deliberations on bids placed by Yoga guru Ramdev's Patanjali and Adani Wilmer.
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IBBI, RBI sign MoU for effective implementation of insolvency code
Updated : 8 years ago IST
New Delhi [India], Mar. 13 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) with the Reserve Bank of India (RBI) for effective implementation of the Insolvency and Bankruptcy Code and its allied rules and regulations, through a quick and
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Centre amends norms of corporate insolvency resolution process
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 7 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) on Wednesday issued amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, effective today.
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Govt relaxes provisions for levying Minimum Alternate Tax
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 6 (ANI): In a bid to minimise the hardship faced by companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016, the Centre on Saturday announced a relaxation in the provisions relat
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Cabinet approves ordinance to introduce changes to IBC
Updated : 8 years, 3 months ago IST
New Delhi [India], November 22 (ANI): The Union Cabinet on Wednesday approved an ordinance to introduce certain changes to the Insolvency and Bankruptcy Code (IBC).
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IBBI strengthens norms for resolution plan approval
Updated : 8 years, 4 months ago IST
New Delhi [India], November 7 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) on Tuesday amended its corporate insolvency resolution process regulations to ensure that as part of due diligence prior to approval of a resolution plan, the antecedents, credit worthiness and credibili
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IBBI notifies fast track Insolvency Resolution Process for Corporate Perso
Updated : 8 years, 6 months ago IST
New Delhi [India], June 16 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) on Friday notified the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017.
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