bankruptcy code


IBC not being used to full extent; CoCs need to do more: Sahoo

May 25 2018

Objective of the bankruptcy law is to resolve an insolvency and revive an asset for collective good and not to maximise value for a chosen few, Sahoo said.

Govt move to clear IBC amendments to expedite NPA cases: Ficci

May 24 2018

The govt's decision to approve an ordinance entailing amendments to IBC will expedite resolution of a large number of cases pertaining to NPAs, Ficci said.

Worst for PSBs over; 'pain' for couple of quarters okay: Kumar

May 23 2018

Kumar said the government will provide capital support to public sector banks (PSBs) and not allow any one of them to default.

Cabinet clears amendments to bankruptcy code

May 23 2018

The Cabinet today cleared amendments to the Insolvency and Bankruptcy Code (IBC), incorporating changes suggested by a government appointed panel.

'Declare Tata Steel's bid for Electrosteel ineligible'

May 18 2018

Renaissance Steel has approached NCLAT requesting to declare "ineligible" the Tata Steel's bid for the debt-ridden Electrosteel Steel's under IBC.

Binani Industries offers to pay 100% claims of debtors

May 16 2018

Binani Industries offered to clear the 100 per cent claims of creditors at the National Company Law Appellate Tribunal.

CCI approves acquisition of Electrosteel Steels by Vedanta

May 14 2018

Metals and mining giant Vedanta Ltd today said it has got the go-ahead from fair trade watchdog CCI to acquire the bankrupt Electrosteel Steels Ltd.

FinMin mulling innovative ways to deal with banks' NPA provision

May 13 2018

Under this scheme, the bank concerned will get PSC to the extent of its provision against the bad loans and conserve its capital, sources said.

NCLT suggests IBBI review insolvency code regulations

May 06 2018

NCLT has suggested to IBBI that there is a need to review the insolvency code regulations to ensure that they are not "misused or misinterpreted".

Jaypee Infra's customers write to IRP to protect home buyers

May 06 2018

Home buyers of Jaypee Infratech has written to IRP that the interests of thousands of people who booked flats in Jaypee Wishtown proj should be protected.

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