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Why is a Reliance Capital Ltd investor challenging its resolution plan?
03 May 2024 07:08 GMT
… under Section 31 of the Insolvency Code, if such plan provides for … petition.
Section 31 of the Insolvency Code refers to approval of a …
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(UK) What Practical Changes Can IPs Expect from the Proposed Amendments to FCA Guidance?
01 May 2024 23:42 GMT
… has been given to the Insolvency Code of Ethics
Comment: In practice …
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Centre Exempts Aircraft, Engine-related Transactions From Moratorium Under Insolvency Code
06 Oct 2023 10:35 GMT
The Ministry of Corporate Affairs recently issued a notification stating that the provisions of sub-section (1) of section 14 of the Insolvency and Bankruptcy Code, 2016 (IBC) would not apply to transactions, arrangements, or agreements relating to …
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Insolvency Code Needs 'Amendment': IBBI Chief Invites Suggestions To Reduce Delays
17 Sep 2023 04:41 GMT
Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital on Saturday asked stakeholders for innovative suggestions to help reduce delays in company insolvency resolutions and said that there is a need for an amendment, reported PTI. Mital also …
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Use insolvency code as a last resort, says panel on stalled housing projects
21 Aug 2023 15:43 GMT
Representational file image.
| Photo Credit: K.V.S. Giri
Identifying financial viability as the primary reason for stress in real estate projects, an expert committee headed by former NITI Aayog CEO Amitabh Kant has said judicial interventions such as …
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Partial sale of companies won't be default under insolvency code: Report
13 May 2023 09:14 GMT
Go First seeks interim moratorium, NCLT says no such provision under IBC
Go First airline asks NCLT to pass urgent order on insolvency plea
IBC process: Resolution and distribution of funds may be separated
CBIC asks taxmen to recover lower dues from firms …
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Sitharaman vows to strengthen insolvency code amid criticism of creditor losses
02 Apr 2023 05:21 GMT
Finance Minister Nirmala Sitharaman on Saturday stated that the government has no hesitation to amend the Insolvency and Bankruptcy Code (IBC) to make it stronger, as there has been criticism of a slowdown in the resolution process and a decline in …
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Business history: How Jaypee Infratech’s stalled construction projects left homebuyers in the lurch
23 Apr 2024 06:43 GMT
… with the implementation of the Insolvency Code. Despite efforts by the Insolvency …
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The Centre’s proposals should strengthen insolvency code
22 Jan 2023 23:03 GMT
The introduction of the Insolvency and Bankruptcy Code (IBC) in 2016 was a ‘watershed’ moment in India, its success aided by swift legislative interventions by the government to ensure that the code evolved to address legal and practical challenges in its …
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Don’t expect much from insolvency code tweaks
22 Jan 2023 23:03 GMT
The vexed phenomenon of sickness, bankruptcy and recovery of industrial units has dogged the government and regulators for over 40 years now. India’s promulgation of the Insolvency and Bankruptcy Code (IBC) in 2016 was meant as a magic bullet for a …