bankruptcy code
No need to escalate one case to reflect everything to do with IBC: Sitharaman
Bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.
Banks give up on Jet Airways revival,choose to send it to NCLT
The decision was taken after a meeting of the State Bank of India-led consortium of lenders.
New RBI norms to give more lenders headroom to resolve large NPAs: Report
New framework provides some leeway to lenders and encourages them to refer cases to IBC, said SBI in its report.
Reform potential of new government to improve foreign capital flow: S&P
A decisive majority assures foreign investors for whom continuity, policy stability are key investment considerations, S&P said.
State-run banks wiped out the USD 13-billion capital infusion by the govt
Around 19 of the 21 state-run banks reported losses for the fiscal, including country's largest lender SBI.
IBC tweak to help homebuyers, to hit lenders
As operational creditors, home buyers’ inte-rests are not fully optimised up till now.
Cabinet lets home buyers have creditors tag in IBC
Under the code, financial creditor implies any person to whom a financial debt is owed.
NCLT okays Electrosteel’s Resolution plan
The Reserve Bank in 2017 to get resolved under the Insolvency and Bankruptcy Code.
Bankruptcy ordinance puts premium on integrity, promotes clean biz: FinMin
The ordinance is primarily aimed at safeguarding the public money from being misused by dishonest businesses.
New IBC provisions to deepen losses for banks: report
Amendments to insolvency law need to be approved by Parliament in its next session beginning Dec 15.