Tag: insolvency and bankruptcy code
Finance Minister Nirmala Sitharaman moves Bill to amend IBC, speed up resolution
New Delhi: Finance and corporate affairs minister Nirmala Sitharaman on Wednesday moved a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code,…
India eases FDI rules from bordering nations, unlocks path for Chinese investment
New Delhi: The Centre relaxed rules on foreign direct investment (FDI) from countries bordering India, easing restrictions and introducing a time-bound approval system for proposals…
Union Cabinet approves key changes to IBC and Companies Act 2013
The Union Cabinet on Tuesday gave its approval to amendments in the Insolvency and Bankruptcy Code (IBC) as well as the Companies Act, 2013, according…
FinMin advises banks to speed up IBC resolutions
The finance ministry has advised banks to take a collaborative approach in the resolution of pending Insolvency and Bankruptcy Cases (IBC) for asset value maximisation,…
Budget must prioritise NCLT infrastructure to reduce Insolvency and Bankruptcy Code delays: SAM’s Rawat
New Delhi: The government should focus on strengthening infrastructure at the National Company Law Tribunals (NCLTs) to improve efficiency in insolvency cases under the Insolvency…
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…
Three-month timeline for NCLAT to improve quality of judgement: Baijayant Panda
New Delhi: The Parliamentary select committee’s proposal to stipulate a strict three-month timeline for the National Company Law Appellate Tribunal (NCLAT) to dispose of insolvency…
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…