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IBC ORDINANCE
Insolvency proceedings against corporate debtors, personal guarantors can go together: FMShe was replying to a debate on the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, in the Rajya Sabha which passed the propo...- IBC provisions to protect companies from ending up in liquidation: FM SitharamanThe upper house of Parliament passed the bill, which seeks to replace the ordinance imposing the suspension of certain sections of the IBC ...
- Plea against Insolvency code ordinance; Delhi High Court seeks Centre's standA bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Ministry of Law and the Insolvency and Bankruptcy Board o...
- IBC suspension to provide breathing space to struggling companies: ExpertsAmong other things, the Ordinance sought to prevent businesses that are experiencing distress on account of unprecedented situation followi...
- View: Fear of flattening the business curveTo deal with Covid fallout, the Ordinance amended IBC, & suspended the law for six months, starting June 5.
- Complete IBC suspension for defaults may hurt creditorsThe ordinance passed by the government on Friday said that "no application shall ever be filed" for insolvency proceedings on default on or...
- IBC tweak challenges flaggedMany lenders, particularly state-owned banks, are not in a hurry to initiate IBC proceedings.
- View: IBC requires urgent need for clarityIt is easy to be critical of past steps but it is more important to look forward. As corporate India aims to get back on its feet, there is...
- Govt decides to suspend up to 1 year IBC provisions that trigger fresh insolvency proceedings: ReportSection 7, 9 and 10 of the IBC would be suspended for six months and the suspension time can be extended up to one year. An enabling provis...
- Home buyers file plea in SC challenging Insolvency & Bankruptcy Code amendment"The writ petition has been filed by 11 petitioners of 11 projects being constructed by Pioneer Urban Land & Infrastructure, Emaar MGF Land...
- Are home buyers secured financial creditors or unsecured creditors under IBC?Under IBC the difference between secured financial creditors and unsecured financial creditors mostly has an implication on the priority of...
- IBC ordinance was not to favour any corporate house: GoyalThe bill was approved by the Lok Sabha by a voice vote, after the opposition walked out in protest alleging that the minister had not given...
- Send IBC bill to standing committee: Opposition in Lok SabhaHowever, the government said the amendments to the Insolvency and Bankruptcy Code (IBC) is intended to provide relief to homebuyers and the...
- Government promulgates IBC ordinance; home buyers to be treated as financial creditorsPresident Ram Nath Kovind has given his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, according to a...
- What’s buzzing: IBC change alters realty game; but should we rejoice?IBC will be on par with financial creditors when it comes to claims should a realtor go bankrupt.
- IBC ordinance may restrict relief proposed for MSMEsThe changes have been made to the code on the basis of recommendations made by the 14-member, high-level law committee chaired by corporate...
- IBC Ordinance will improve borrowing culture: Corporate Affairs SecretaryThe IBC ordinance aims to keep wilful defaulters, undischarged insolvents and disqualified directors from getting back firms that got derai...
- IBC Ordinance: End of the road for dishonest promoters, but has anyone thought of the collateral damage?Several clauses in the Ordinance would adversely affect the fortunes of companies that are genuinely looking for a second chance, experts s...
- India's new insolvency ordinance: Blunt, unforgiving and politicalThe ordinance can be misinterpreted as an exercise of political grandstanding. In reality, it’s a righteous, simplistic solution to an old ...
- IBC ordinance: Several companies say not 'wilful defaulters'Legal experts were of diverse opinion, with some saying that barring companies from bidding would further depress the price of such assets ...
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