Tag: insolvency and bankruptcy code
Posted in Economy
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…
Posted in Economy
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…
Posted in Economy
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,…
Posted in Economy
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…