Tag: corporate insolvency resolution process
IBBI panel suggests project-wise insolvency resolution for real estate sector
A panel set up by the insolvency regulator has suggested that the bankruptcy proceeding be restricted to only stressed projects of a real estate developer…
New creditor-led IBC framework to put in place safeguards for stressed firm’s management
The management of a stressed company undergoing the new creditor-initiated insolvency resolution process (CIIRP) will likely be subject to checks and balances, including limits on…
IBC has been a game-changer, transformed the insolvency landscape: DFS secretary
The Insolvency and Bankruptcy Code (IBC) has been a game-changer and has transformed the insolvency landscape by fostering transparency, accountability and efficiency in corporate dispute…
Finance ministry tells banks to fast-track IBC cases, CEOs asked to personally monitor top pending resolutions
New Delhi: The finance ministry has asked banks to adopt a more strategic approach to strengthen the Insolvency and Bankruptcy Code (IBC) ecosystem for better…
NCLAT rejects Byju’s plea to stop Aakash EGM on rights issue
The insolvency appellate tribunal NCLAT on Tuesday gave a go-ahead to the EGM of Aakash Educational Services Ltd (AESL) for the rights issue of the…