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6 mins read
EXCLUSIVE: India’s bankruptcy board Chairman explains the evolution of the country's insolvency laws
India’s new bankruptcy law is providing what the country now needs - a way for creditors to gain wh…
2 mins read
Resolution professionals can make as much as ₹1.5 lakh a month and are in demand
Economic slowdown leads to job losses, but it there is a job that will thrive during bad times — th…
“Nowhere in the world do bankruptcy cases have a 330-day deadline,” says bankruptcy board chief MS Sahoo
The Supreme Court on November 15 allowed the bankruptcy courts are free to relax the 330-day deadli…
1 min read
Nowhere in the world do bankruptcy cases have a 330-day deadline, says bankruptcy board chief MS Sahoo
The bankruptcy of Essar Steel had put India’s nascent bankruptcy laws to test and the final word on…
2 mins read
India badly needs bankruptcy experts — and this course could be your ticket to a hot, new career
India has a huge, emerging sector for helping distressed and bankrupt companies come out of financi…
2 mins read
Changes in IBBI norms to prevent backdoor entry of ex-promoters in cos under liquidation: Experts
New Delhi, Jan 12 () The amendments in the IBBI regulations will prevent backdoor entry of former p…
PTI
1 min read
NCLT reserves order on SBI plea against Anil Ambani to recover over Rs 1,200 cr
The public sector lender had approached the tribunal under Section 97(3) of the Insolvency and Ban…
PTI
2 mins read
Here's how the government’s new debt relief scheme for small business owners will work
Individuals with an annual income of ₹60,000 or less and assets worth up to ₹20,000 are elig…
2 mins read
Work is on to amend IBC to address cross-border insolvency: Sahoo
Mumbai, Nov 30 () Insolvency and Bankruptcy Board of India chairman M S Sahoo on Saturday said work…
PTI
1 min read
IBC provides lifeline for distressed cos: Sahoo
Exemplifying his point, Sahoo said the average life of S&P 500 companies has reportedly come d…
PTI
1 min read
IBC saved 160 cos from premature death, says Sahoo
New Delhi, Dec 16 () The Insolvency and Bankruptcy Code (IBC) has saved 160 companies from prematur…
PTI
1 min read
Personal insolvency beginning of a 'new learning', says Sahoo
New Delhi, Dec 1 () Personal insolvency framework will be the "beginning of a new learning" and the…
PTI
1 min read
Corp Affairs Min gets higher budgetary allocation of Rs 728 cr
Out of the total allocation in the 2020-21 Budget, tabled in the Parliament on Saturday, an amount…
PTI
1 min read
SBI takes Anil Ambani to NCLT to recover Rs 1,200 cr
A spokesperson of Anil Ambani in a statement said: "The matter relates to a corporate loan availed…
PTI
1 min read
Lockdown: NCLAT cancels summer vacation to cover shortfall in working days
"As resolved in the full-court meeting of the NCLAT held on 13th May, 2020, it is informed that to …
PTI
1 min read
IBC reduces resolution time to 340 days from 4.3 years earlier: Eco Survey
As per the survey, the government has been proactively addressing the issues that come up in imple…
PTI
1 min read
IBBI amends voluntary liquidation process regulations
New Delhi, Jan 16 () A liquidator will have to deposit unclaimed dividends and undistributed procee…