Tag: ibc
IBBI moots mediation between operational creditors & stressed companies
New Delhi: Operational creditors of a stressed firm including vendors and raw material suppliers will be able to explore mediation for the settlement of dues…
nclt: Behind India’s slow-moving IBC regime, an NCLT hamstrung by too many vacancies
NEW DELHI: The National Company Law Tribunal (NCLT) faces significant operational challenges due to vacant positions, a ToI report highlighted on October 15. Out of…
NCLT President emphasises need for more manpower amid concerns over IBC case delays
New Delhi: Amid concerns in certain quarters about long delays in admission of cases under the insolvency law, NCLT President Chief Justice (Retd) Ramalingam Sudhakar…
NCLT president seeks more manpower to speed up bankruptcy cases
NEW DELHI: The National Company Law Tribunal (NCLT) requires more manpower to expedite the handling of bankruptcy cases and help in the faster resolutions of…
ibc: Since launch, IBC has resolved 72% of distressed asset cases
The bankruptcy code has rescued 72% of the distressed assets since it came into being in 2016, though half of them ended in orders of…
ibc: Government mulls new framework to put IBC cases on fast track
The government is considering a creditor-led insolvency resolution mechanism under the bankruptcy law to fast-track settlement and ease the burden on the National Company Law…
insolvency: IBBI seeks public comments on regulatory framework under insolvency law
The Insolvency and Bankruptcy Board of India (IBBI) on Saturday sought public comments on the regulations notified till date under the insolvency law as it…
No priority for worker dues after liquidation under IBC
The Supreme Court on Tuesday endorsed a provision of the Companies Act, 2013, that says workers’ dues will not get preferential payment in case of…
Insolvency resolution requires innovation; over regulation is not a solution: IBBI chief Ravi Mital
Amid instances of long delays in insolvency resolution process of various companies, IBBI chief Ravi Mital on Thursday said resolution requires innovation and “over regulation…
Govt plans to introduce bills to amend companies, insolvency laws in Parliament’s monsoon session
New Delhi: The government is planning to introduce bills to amend the companies and insolvency laws during the monsoon session of Parliament, a senior official…