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BANKRUPTCY CODE BILL
Government operationalises amended insolvency law, sets 14-day admission deadline for NCLTOn May 26, significant updates to the insolvency law took effect, geared towards hastening the resolution of companies facing bankruptcy. T...
TVS Supply settles dispute with ZTE, withdraws insolvency plea in NCLATTVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India. The company withdrew its appeal against an order that rejec...
Committee of creditors can invite land authorities in realty insolvency cases: FM Nirmala SitharamanFinance Minister Nirmala Sitharaman announced amendments to insolvency regulations, allowing land authorities to join creditor meetings. Th...
Parliament passes amendments to IBC to quicken resolution process, reduce backlogParliament has approved changes to the Insolvency and Bankruptcy Code. These amendments aim to speed up resolutions and improve the financi...
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) BillThe Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, replacing the underutilized fast-track process with a new cre...
IBC helped banks recover 52% bad loans: Nirmala SitharamanIndia's insolvency law has significantly boosted the banking sector. The Insolvency and Bankruptcy Code has helped rescue struggling compan...
IBC reforms: Government moves to fix insolvency delaysET looks at how the proposed amendments to the decade-old law, blamed by critics for causing inordinate delay in the rescue or liquidation ...
Finance Minister Nirmala Sitharaman moves Bill to amend IBC, speed up resolutionA new bill aims to speed up bankruptcy resolution in India. Finance Minister Nirmala Sitharaman introduced amendments to the Insolvency and...
Insolvency and Bankruptcy Code has failed to serve purpose: Opposition members in Lok SabhaOpposition members in the Lok Sabha criticized the Insolvency and Bankruptcy Code, citing its failure to ensure timely resolution of matter...
Cabinet clears ordinance to further amend insolvency lawOn December 12, the govt introduced a bill in the Lok Sabha to amend the Code. The bill, introduced in the Lok Sabha, seeks to remove bottl...
Lok Sabha passes amendments to Insolvency and Bankruptcy CodeRajya Sabha has already passed the bill and with its passage in the lower house, the Insolvency and Bankruptcy Code is set to be amended.
Bill to address bankruptcy in financial sector in next Parliament session: Finance MinistryThe proposed bill will cover all financial service providers that include banks, NBFCs and microfinance institutions which have money depos...
Bankruptcy code gets Rajya Sabha nod, to ease business conditionsPrime Minister Narendra Modi, who completes two years in office this month, had promised to introduce the code to address bank debts.
'Bankruptcy Code to help timely revival of cos in distress'Finance Ministry today said it will help timely revival of companies facing financial distress and make India a more attractive investment ...
Industry, experts cheer passage of Bankruptcy Code in Lok SabhaThe proposed bankruptcy law will improve ease of doing business in India by expediting resolution of stressed assets and streamlining the p...
Chopper deal debate: Bankruptcy, GST bills immediate casualty in Rajya SabhaThe recently-inked government-Congress ceasefire in Parliament became the immediate casualty of Wednesday’s heated debate in the Rajya Sabh...
Bankruptcy bill in Lok Sabha, FM Arun Jaitley says country can't wait for reformsUnderlining that the bill was an important legislation, he said it should not "go from committee to committee" as the "country cannot wait".