Tag: insolvency and bankruptcy code
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…
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…