“The work is progressing, but I cannot comment on any timeline,” said Sahoo.

Three sets of entities will fall under the individual insolvency code, M S Sahoo, chairman of the Insolvency and Bankruptcy Board of India ...

This comment comes at a time when 100 companies have either been liquidated or are in the process of liquidation.

The revised Act says the corporate debtor can file insolvency commencement petition only if its shareholders pass a special resolution.

Experts warn that lenders would not only pull back on lending to the realty sector but it will also lead to delay in decision making in ban...

By law, an insolvency professional can take advisory services from consultants like E&Y.

A blunt interpretation of the circular would mean that individuals who are working as Insolvency Resolution Professionals would have to put...

Claims from nine companies referred to IBC that have so far made the information public have crossed Rs 3.25 lakh crore, data show.

While an expert group is finalising the framework for bankruptcy code for individuals, the advisory committee will provide technical inputs...

In line with provisions, claims have to be made by August 24. The IRP has also allowed flat buyers to register their claims without immedia...

Many individuals may be struggling to repay a loan for genuine reasons, like loss of employment. The idea is to make the repayment process ...

The government plans to introduce a separate legislation to speed up insolvency proceedings and help distressed firms wind up operations qu...

The government has started insisting that the power to legally direct the actions of a company should at all times be in Indian hands if th...

Sumant Batra, president of UK-based International Association of Restructuring and Insolvency Professionals (INSOL), which has been assisti...

The new financial year may see promoters of companies resorting to distress sale of their holdings and companies’ physical assets as they c...

Contractual pacts and cross-holdings of partners will be examined to ensure that the decision-maker is an Indian.

Western investment companies hit by global credit crunch sell off their assets in the country at throwaway prices.