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INSOLVENCY LAW AMENDMENTS
The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...- 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...
- Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolventThe Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee sala...
- Govt plans to rationalise filing framework under companies lawThe Corporate Affairs Ministry is embarking on an initiative to streamline company law filings, merging various forms into a more user-frie...
- Faster insolvency process proposed with creditor-led resolution frameworkA new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt...
- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- Insolvency process against Raheja Shilas project in Gurugram to continue, says NCLATThe National Company Law Appellate Tribunal has rejected Raheja Developers' request to end insolvency proceedings for its Raheja Shilas pro...
- 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...
- 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 ...
- Builder declares insolvency, buyer pays the price: BJP MP Bajpai demands RERA overhaul in Rajya SabhaThousands of homebuyers are facing distress as builders declare insolvency, leaving projects incomplete. Uttar Pradesh BJP MP Laxmikant Baj...
- 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...
- ICAI submits suggestions on insolvency law amendments to Parl panelThe panel is examining proposed amendments to the insolvency law. These changes aim to improve processes under the Insolvency and Bankruptc...
- Proposed IBC amendments to expedite resolution of stressed companies: IBBI ChairmanRavi Mital says bankruptcy law changes will speed up stressed company resolutions. Nirmala Sitharaman introduced amendments to the Insolven...
- Insolvency law amendments will help ensure faster resolution process: IBBI ChairpersonIBBI Chairperson Ravi Mital stated that the proposed amendments to the insolvency law will expedite the resolution of stressed assets. The ...
- Rajya Sabha approves amendments to insolvency lawIn the wake of the COVID-19 situation, the government decided to suspend the provisions starting from March 25 for six months by promulgati...
- Insolvency law amendments to ensure greater timeliness: SitharamanShe said the changes would also bring in more clarity on various provisions, including time-bound disposal.
- Insolvency law panel likely to finalise report this monthA rising number of cases involving stressed assets are being taken up for resolution under the Insolvency and Bankruptcy Code (IBC), which ...
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