Tag: insolvency and bankruptcy code
India’s bankruptcy regime gains global boost; S&P lifts jurisdiction ranking
S&P Global Ratings on Wednesday revised up its jurisdiction ranking assessment for India’s insolvency regime on improved creditor-friendliness of India’s bankruptcy resolution framework. S&P said…
Panel seeks fast-track courts to expedite insolvency cases
The parliamentary standing committee on finance has called on the government to consider setting up special fast-track courts for a fixed time, on top of…
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…
IBBI seeks to strengthen due diligence on bidders’ compliance with Section 29A
To ensure the integrity of a resolution process, IBBI has asked resolution professionals to submit detailed notes on bidders’ compliance with the insolvency law‘s Section…
Insolvency board proposes rule to reveal beneficial owners behind bids for bankrupt firms
The insolvency regulator has proposed mandating bidders for bankrupt firms to disclose beneficial ownerships, a move aimed at curbing misuse of the ‘clean slate’ principle…
ICAI submits suggestions on insolvency law amendments to Parl panel
Chartered accountants’ apex body ICAI on Thursday made its submissions to a Parliamentary panel on the proposed amendments to the insolvency law. The Select Committee,…
MSME NPAs may rise slightly in export sectors amid global headwinds: Crisil Ratings
New Delhi [India], September 20 (ANI): Non-performing assets (NPAs) in the Micro, Small and Medium Enterprises (MSME) sector may see a marginal uptick, particularly in…