Tag: insolvency and bankruptcy code
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…
NeSL enabling real-time access to digital debt & claims data in insolvency cases
New Delhi: Information utility National E-Governance Services Ltd (NeSL) is enabling real-time access of digital records of default (RoDs) for adjudicating authorities, to quickly retrieve…
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…
Parliament passes amendments to IBC to quicken resolution process, reduce backlog
New Delhi: Parliament on Wednesday passed amendments to the Insolvency and Bankruptcy Code (IBC) to provide faster resolutions, reduce case backlog and strengthen the financial…
IBC helped banks recover 52% bad loans: Nirmala Sitharaman
New Delhi: Finance and corporate affairs minister Nirmala Sitharaman on Monday said the decade-old insolvency law has been instrumental in improving the health of the…
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…