Page 5 of Insolvency and Bankruptcy Code

IBBI, insolvency, ibc, insolvency and bankruptcy code,

IBBI looks to crowd source ideas; seeks public comments on regulations under insolvency law

IBBI is a key institution in implementing the Insolvency and Bankruptcy Code (IBC), which came into force in late 2016.

May 6, 2023 13:37 IST

go first, go first insolvency proceedings, go first nclt,

Go First files for insolvency, all flights suspended for two days

The budget carrier has also filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT),…

Updated: May 3, 2023 07:57 IST

Jaypee Infra, Jaypee Infra insolvency, Suraksha Group, insolvency case

Jaypee Infra insolvency: Suraksha Group to infuse Rs 250 crore, arrange Rs 3k crore loan to complete 20,000 flats

As per the resolution plan of Suraksha Group submitted in June 2021, Jaypee Infratech Ltd (JIL) will get delisted and…

Updated: March 9, 2023 19:40 IST

NCLAT bench stays Zee insolvency order

On Thursday, in an attempt to save the earlier proposed merger with Culver Max Entertainment (CME), Goenka had moved NCLAT…

February 25, 2023 01:10 IST

NCLT, Zee Entertainment, Essel Group, bankruptcy, Industry

NCLT admits insolvency plea against Zee Entertainment

The bankruptcy court admitted a petition filed earlier by IndusInd Bank, which had moved the court seeking a payment of…

February 23, 2023 02:10 IST

insolvency, IBC, bankruptcy, debt resolution mechanism, recovery rate, CIRPs, liquidated cases, BIFR cases, resolution timelines, withdrawal, settlement

IBC getting more popular for debt resolution even as recovery continues to fall, shows high number of cases

The numbers admitted for Corporate Insolvency Resolution Process (CIRPs) have continuously increased since the launch of IBC in 2016. On…

February 20, 2023 19:15 IST

Insolvency and Bankruptcy Code, Insolvency and Bankruptcy Code news, Insolvency and Bankruptcy Code latest news, Insolvency and Bankruptcy Code latest, NCLT, IBC, Budget Session

Boosters for resolution

The proposed changes to IBC should help; govt must also address NCLT’s capacity deficit issues

January 25, 2023 04:30 IST

Shrachi group, BTL EPC, McNally Bharat, Insolvency, Bank of India, NCLT

Shrachi group arm BTL EPC highest bidder for McNally Bharat

The other three resolution applicants are Naveen Jindal-led Nalwa Steel And Power, Amit Metaliks of Amit Alliance and Rashmi Metaliks…

January 24, 2023 02:10 IST

Insolvency and Bankruptcy Code, Insolvency and Bankruptcy Code news, Insolvency and Bankruptcy Code latest news, insolvency

Panel suggests limiting group insolvency to bankrupt entities

However, financial services providers like banks would be outside the ambit of the group insolvency framework, it has said.

January 20, 2023 05:30 IST

insolvency, insolvency and bankruptcy act

Changes to bolster IBC process but certain aspects need more debate: Analysts

The ministry has proposed to empower the National Company Law Tribunal (NCLT) to slap hefty fines on those that contravene…

January 20, 2023 02:40 IST

Insolvency and Bankruptcy Code, Insolvency and Bankruptcy Code Cases, Insolvency and Bankruptcy Code Insolvency and Bankruptcy Code cases news, IBC cases, IBC case news, insolvency

Financial creditors take 67% haircut in IBC cases

While admitting that the delay is the main challenge before the IBC, RBI governor Shaktikanta Das had said that the…

December 31, 2022 01:20 IST

RBI, Insolvency and Bankruptcy Code, insolvency and Bankruptcy, MSMEs, Opinion

Look before you leap

IBC’s efficacy must improve, but extending the pre-pack resolution to big borrowers may not be the best solution

December 29, 2022 03:15 IST

Insolvency and Bankruptcy, Bankruptcy Code, Valuation, International Valuation Standards Council, public sector

Uniform valuation standards for IBC assets in the works

At present, internationally accepted valuation standards adopted by the Registered Valuers Organisation are used by the registered valuers for the…

December 28, 2022 02:00 IST

Govt to amend insolvency law to reduce time taken for resolution process

Amendments to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for timely resolution of stressed assets,…

December 18, 2022 15:49 IST

IDBI Bank files insolvency plea against Zee Entertainment to recover Rs 149.60 crore

IDBI Bank has claimed an amount of Rs 149.60 crore, which has been disputed by ZEEL, said a regulatory update…

December 15, 2022 18:45 IST

Deadlines for efficiency Premium Story

This subsumes two obligations on the concerned State agency—it must accord the required approval, and it must do so in…

Updated: November 24, 2022 07:54 IST

Admitting it, NCLAT directed to list the matter on November 23 for the next hearing.

NCLAT stays insolvency proceedings against BPTP as realty firm settles dispute with operational creditor

According to the petitioner, some payment was made against the work order. Later, it received an e-mail from BPTP in…

Updated: November 19, 2022 18:18 IST

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US transportation department asks flyers to ‘dress respectfully’ – What does it mean?

World News34 min ago

The US Department of Transportation has launched a campaign to promote civility in air travel by encouraging passengers to dress respectfully and be considerate towards others. The initiative, “The Golden Age of Travel Starts with You,” emphasizes personal responsibility over formal rules or dress codes. There are no penalties for not following the guidelines.

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