Bankruptcy Bill

FirstCry, GlobalBees, Brainbees Solutions, Insolvency and Bankruptcy Code, insolvency petition, Kuber Mart Industries, interest, claim, legal advice, resignations

FirstCry parent’s subsidiary GlobalBees faces Rs 64.92 crore insolvency petition from Kuber Mart directors

GlobalBees Brands is facing an insolvency petition filed by Kuber Mart’s directors over a Rs 64.92 crore claim. The move…

June 18, 2025 10:24 IST

IBC, resolution plan, recoveries, liquidations, NCLT, CIRP, liquidation, Committee of Creditors, investor confidence

Govt working on amendments to insolvency law

The government is working on amending the insolvency law, including the provision related to bidders requiring CCI approval for resolution…

May 20, 2025 18:43 IST

MSME insolvency: Pre-pack scheme sees only 13 applications admitted since 2021

Out of the admitted cases, one has been withdrawn, resolution plans for five others have been approved and seven cases…

November 12, 2024 14:37 IST

MSME pre-pack process sees limited effectiveness, says IBBI report; suggests steps to enhance adoption

The subdued response to PPIRP could stem from various factors which could be bifurcated as debtor-related, creditor-related or institutional infrastructure-related,…

October 7, 2024 19:13 IST

IBC, case admissions, India Inc, insolvency resolution, asset quality, liquidation, haircut, debt

Good news for banking! Kotak gives a green flag for India Inc, says no fresh signs of stress

Kotak Institutional Equities said that corporate India continues to be in a healthy shape, with no fresh signs of stress…

August 26, 2024 14:32 IST

Crisil, Crisil news, Crisil ratinngs, Bankruptcy Board of India, ibbi regulations, Asset reconstruction companies, arc news

ARCs to see increase in recovery rate for stressed realty projects, says Crisil

Low unsold inventories in major micro-markets will also assist ARCs in turning around stressed real estate projects more rapidly, with…

June 11, 2024 03:00 IST

The IBC promises a market-driven and time-bound resolution of toxic assets, thus offering stressed firms the freedom to exit. However, delays caused by litigations and bottlenecks in the adjudicating system have resulted in low recovery.

No stigma should be attached to business failures: IBBI chief

When a company fails for any reason and wants a quick exit, this is when the Insolvency and Bankruptcy Code…

June 11, 2022 01:15 IST

Liquidation as a going concern is an effort to maximise value & save firms under insolvency | INTERVIEW

In an effort to maximise the value of a company undergoing insolvency proceedings, the bankruptcy court has allowed for liquidation…

Updated: September 14, 2021 16:20 IST

Insolvency ordinance: Govt amends Insolvency and Bankruptcy Code, brings in ‘pre-pack’ resolution scheme for MSMEs

New scheme to yield faster resolution, cut costs and reduce litigation

April 6, 2021 04:45 IST

Insolvency scheme: Govt, regulator finalising pre-pack framework, MSME scheme

The government and the regulator are in the process of finalising a so-called pre-pack insolvency scheme, while a special framework…

Updated: April 5, 2021 12:26 IST

Govt drafting separate bankruptcy law for financial companies: Jayant Sinha

The new law will deal with financial institutions including banks, NBFCs, and other financial institutions that have money deposited.

June 12, 2016 13:23 IST

Insolvency and Bankruptcy Bill passed; US envoy lauds Arun Jaitley

United States envoy to India, Richard Verma, on Thursday praised Union Finance Minister Arun Jaitley as both houses of Parliament…

May 12, 2016 19:16 IST

Banking stocks cheer Bankruptcy Bill approval

ICICI Bank was trading 2.79 per cent higher at Rs 230.20 on NSE (at 10.09 am), followed by Axis Bank…

May 12, 2016 10:30 IST

Passage of India’s bankruptcy code will attract greater FDI: USIBC chief

The passage of Insolvency and Bankruptcy Code will add to the attractiveness of India as a destination for long-term foreign…

May 12, 2016 08:38 IST

Bankruptcy code biggest economic reform after GST: FinMin

Parliament today passed a bill that seeks to create time-bound processes for insolvency resolution of companies and individuals.

Updated: May 11, 2016 23:37 IST

Left with Rs 5,000 at month end? Here are some money-making ideas

Lok Sabha passes bankruptcy bill; seeks to recover $120 billion in bad loans

Lok Sabha on Thursday backed a new bankruptcy code, a crucial step towards establishing a debt resolution regime to strengthen…

Updated: May 5, 2016 18:21 IST

Arun Jaitley: Bankruptcy code to be taken up for discussion today; just 1 sticking point in GST Bill

Finance Minister Arun Jaitley said government will take up the Insolvency and Bankruptcy Code for discussion and passage in Lok…

May 5, 2016 08:59 IST

New bankruptcy code may take years to clean up debt mess

Bankers back the new bankruptcy code, which would impose debt deadlines on failed firms and foresees up to five years…

May 2, 2016 12:01 IST

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Govt reopens PLI scheme window for ACs, LED lights from Sept 15 for 30 days

Business31 min ago

The government has reopened the application window for the PLI scheme for white goods for 30 days, from September 15 to October 14. 83 companies have been selected so far with a committed investment of Rs 10,406 crore. The scheme aims to boost manufacturing of components for ACs and LED lights in India, with new and existing applicants eligible for up to two years of incentives.

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