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...
16 Apr, 2026, 12.54 AM IST
The rupee’s swing: When currency becomes the deal maker or breakerRupee volatility has become central to India’s distressed deals, driving stress for firms with dollar debt despite stable operations. Eleva...
10 Apr, 2026, 06.44 PM IST
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...
02 Apr, 2026, 12.18 AM IST
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...
31 Mar, 2026, 06.51 PM IST
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...
31 Mar, 2026, 01.04 AM IST
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...
26 Mar, 2026, 12.46 AM IST
On hold: Plan to bring in cross-border, individual insolvency frameworksThe government has delayed plans to introduce cross-border insolvency and an out-of-court individual delinquency mechanism. These provision...
04 Mar, 2025, 11.27 PM IST
Govt preparing Cabinet note on cross-border insolvencyThe Ministry of Corporate Affairs is preparing a Cabinet note on cross-border insolvency, which will be discussed soon by the Union Cabinet...
10 Jun, 2022, 03.11 PM IST
Budget 2022 proposes a faster resolution and cross-border insolvencyThe Union Budget 2022 has paved the way for faster resolution of bankrupt companies by proposing amendments to enhance the resolution proce...
01 Feb, 2022, 02.30 PM IST
Think global, act local – Budget introduces cross-border insolvency and accelerates voluntary liquidationThe theme for reforms in insolvency code is that of glocalization. Adoption of cross-border insolvency framework based on UNCITRAL model la...
01 Feb, 2022, 01.05 PM IST
Economic Survey underlines need for standardised framework for cross border insolvencyIt mentioned about the report of the Insolvency Law Committee, which had recommended the adoption of the United Nations Commission on Inter...
31 Jan, 2022, 05.14 PM IST
Aviation, communication may not come under cross-border insolvency ambitThe Ministry of Corporate Affairs released a consultation paper on November 24 seeking public comments on a draft cross-border insolvency f...
29 Nov, 2021, 11.08 AM IST
Govt proposes framework for cross-border insolvency; seeks comments till Dec 15The government is preparing to come out with a cross-border insolvency resolution framework based on the UNCITRAL model law and is proposed...
26 Nov, 2021, 04.04 PM IST
Cross-border insolvency: MCA proposes exclusion of financial service providers; exempts pre-pack process for MSMEsThe ministry specified that such exclusion is in line with the IBC, where financial service providers are subject to a special insolvency p...
26 Nov, 2021, 01.43 PM IST
Government-appointed panel suggests UN model law for cross-border insolvency casesThe Insolvency Law Committee (ILC), chaired by Corporate Affairs Secretary Injeti Srinivas, on Monday submitted its report on the matter to...
22 Oct, 2018, 06.10 PM IST
High-level panel likely to suggest UN model for cross-border insolvency casesThe Insolvency Law Committee (ILC) is looking into the discussion paper related to having the UN model for cross-border insolvency matters ...
21 Oct, 2018, 06.22 PM IST
Government looking at adopting UN model for cross-border insolvency normsThe Insolvency Law Committee (ILC), headed by Corporate Affairs Secretary Injeti Srinivas, is studying the feasibility of introducing cross...
22 Jul, 2018, 03.58 PM IST