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INDIVIDUAL INSOLVENCY FRAMEWORK
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- Defaulting company promoters to be given new lease of life? All eyes on a big new IBC proposalIBC: India's insolvency regulations could soon see a significant shift. The proposed changes could allow company promoters facing defaults ...
- Personal guarantors to bankrupt firms will need to declare crypto holding, art collections in IBC proceedingsNew draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...
- Changes to IBC finalised after months of talks, PMO approvalThe Corporate Affairs Ministry has finalized IBC amendments after PMO approval. These changes aim to speed up bankruptcy resolutions and im...
- 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...
- IBC may get a voluntary group insolvency mechanism soonIndia is introducing a voluntary group insolvency framework under the Insolvency & Bankruptcy Code to streamline the resolution of intercon...
- IBC reform: Insolvency set to get a new liftIn a significant policy shift, the IBBI on Friday took the first step towards institutionalisation of the profession of Insolvency Professi...
- 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...
- Budget 2021-2022: Bad Bank for large corporates and a new framework for MSMEsA special framework for MSME has been on cards for some time. According to the Economic Survey there are 6 crore MSMEs employing 11 crore p...
- New group insolvency framework in the worksThe report also said that insolvency proceedings of companies which are not categorised as holding, subsidiary or associate but are intrins...
- 'Changes to bankruptcy code ready, to be sent to cabinet’The changes include cross-border insolvency framework and harsher punishments for irregularities.
- Individual bankruptcy norms in the works: IBBI Chief“The work is progressing, but I cannot comment on any timeline,” said Sahoo.
- Individual Insolvency Code may soon be a realityThree sets of entities will fall under the individual insolvency code, M S Sahoo, chairman of the Insolvency and Bankruptcy Board of India ...
- Separate route on anvil for individual insolvency casesThe ministry has suggested that DRTs designate special benches for resolution of individual insolvency cases. DRTs were established in 1993...
- How Insolvency and Bankruptcy Code lays down a robust framework to deal with distressed assetsIBC, billed as the biggest economic reform in India after the Goods and Services Tax (GST), is a rare example of a speedy rollout and imple...
- Corporate Affairs ministry considering multiple changes to Insolvency and Bankruptcy CodeBankers have pointed out that under the current law a founder could possibly get back the reins of a company by buying his own firm through...
- Insolvency board drafts rules for repayment planDraft regulations specify excluded assets, such as unencumbered personal ornaments or house in use by the individual, will not be transferr...
- Individual insolvency norms a priority, says IBBI ChairmanIn one year of existence, the Insolvency and Bankruptcy Board of India has already put in place the infrastructure ecosystem and now has ov...
- Arundhati Bhattacharya advices SMEs to go in for equity capital, not debtAddressing the same event, chairman of Insolvency and Bankruptcy Board of India, M S Sahoo said the board will soon come out with an insolv...
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