IBC
Dangerous to let viable cos close down: IBBI chief
The objective of IBC is to rescue viable companies and close down unviable ones, IBBI chief M S Sahoo said.
Suraksha's bid to acquire Jaypee Infra fails after creditors reject offer
Jaypee Group's promoters too are keen to retain control over its realty arm and have submitted debt resolution plan under IBC.
Jet Airways crisis: Lenders keen on non-IBC resolution in case bidding process fails
Running into debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily.
Creditors recover nearly half of total claims in 88 insolvency cases
Claims totalling a little over Rs 1.42 trillion were admitted in 88 cases under IBC till Feb 28, IBBI data showed.
Modi govt has major successes in social sector schemes: Panagariya
Panagariya said government has managed to accelerate outcomes in sectors like roads, railways, waterways, aviation and digitisation.
Insolvency law's objective is reorganisation of defaulting firms: IBBI's Sahoo
Insolvency and Bankruptcy Code provides a framework for market-driven and time-bound resolution process.
Over 12,000 cases filed since implementation of insolvency law, says govt
Corporate Affairs Secretary Injeti Srinivas said the NCLT has been very expeditious in disposing cases related to insolvency.
Creditors-company negotiations better than insolvency: govt official on Jet Airways
In afternoon trade, shares of Jet Airways rose nearly three per cent to Rs 232.35 on the BSE.
NCLAT allows withdrawal of Liberty House bid for ARGL
NCLAT also said that its order would not debate Liberty House in participating in other resolution processes.
Over Rs 2 lakh crorebad loans settled, says govt offical
Injeti Srinivas was speaking at the inaugural session of a three-day international conference on 'Insolvency and Bankruptcy Laws'.