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2 mins read
India amends bankruptcy law to protect winning bidders from paying the price for sins of the previous promoter
The IBC (Second Amendment) Bill, 2019, is likely to be introduced in the current session of the…
PTI
2 mins read
India is tweaking its bankruptcy law to prevent successful bidders from backing out
A new policy involving a “security deposit” of sorts will likely be implemented. This will req…
1 min read
Govt moves NCLAT against NCLT directive to make MCA party in all insolvency cases
New Delhi, Dec 5 () The government has moved the National Company Law Appellate Tribunal (NCLAT) ag…
PTI
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
Reliance Capital case: Battling for higher value to stakeholders says IIHL
The Hinduja group's IIHL, in its appeal before the National Company Law Appellate Tribunal (NCLAT),…
2 mins read
More Indian companies could head to insolvency as coronavirus spreads, predicts top law firm
The law firm, in a report on COVID-19, stated that companies are already experiencing financ…
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
2 mins read
Homebuyers' body writes to Par panel opposing amendment in insolvency law
"The said amendment/insertions require a minimum threshold for homebuyers to come together in orde…
PTI
3 mins read
Recovery through insolvency process better compared to other options: IBBI chief
Citing an RBI data, he said it indicates that in 2018-19, banks recovered 5.3 per cent, 3.5 per ce…
PTI
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…
2 mins read
Insolvency law a 'Swachhata drive' against non-performing assets: IBBI chief
"As and when they find a problem, they try to address it as expeditiously as possible. The insolve…
PTI
2 mins read
Govt raises default threshold to Rs 1 cr for invoking insolvency proceedings against firms
"Due to the emerging financial distress faced by most companies on account of the large-scale econ…
PTI
2 mins read
Liquidation process: Secured creditor cannot sell assets to entities ineligible for insolvency plan
New Delhi, Jan 7 () A secured creditor cannot sell assets of a company undergoing liquidation proce…
PTI
2 mins read
Yes Bank insolvency may tighten credit mkt, widen economic pain: S&P
"Many mutual funds hold Yes Bank securities, including subordinated debt and AT-1s. A depreciation…
PTI
2 mins read
Loans worth ₹10,09,511 crores written off in last five financial years: Sitharaman
Scheduled commercial banks have written off loans amounting to Rs 10,09,511 crore in the last five …
PTI
3 mins read
Sebi mulls modifying policy on 'difficult to recover' cases
New Delhi, Feb 4 () With an aim to optimise utilisation of its resources, capital markets watchdog …
PTI
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…
4 mins read
India's Finance Minister reveals the final lot of Modi's economic stimulus programme
The fifth tranche of stimulus measures to revive India's economy revealed today. This is part of th…
3 mins read
Every one of India’s biggest billionaires is dealing with the telecom crisis differently
The conglomerate with interest in businesses ranging from cement to mining and a 147-y…
3 mins read
Narendra Modi will use the jump in India's ease of doing business ranking to shut up his critics
India moved up 14 ranks to the 63rd position on the World Bank's ease of doing business ranking -- …