insolvency and bankruptcy code
Rajya Sabha adjourned for day, passes Insolvency and Bankruptcy Code Bill
The chair called Amar Patnaik (BJD) to initiate the debate on the bill
Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecution
The move will help make the insolvency process more attractive for the bidders and instil confidence in them, sources said.
Sitharaman promises further GST simplification to help India improve biz ranking
India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50.
Indian economy in transition phase, growth to come back: SBI Chairman
Growth can come back. Because of a lot of (reforms), economy is in transition, said SBI chief Rajnish Kumar.
Govt mulls raising Rs 1 lakh default threshold for invoking IBC: Srinivas
The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti Srinivas.
Govt plans loan waiver for 'small distressed borrowers' under insolvency law
The proposed waiver would be offered as part of 'Fresh Start' provisions under the Insolvency and Bankruptcy Code.
Syndicate Bank expects Rs 4,000 cr from NPA recovery in FY20
The bank has recovered about Rs 800 crore in the first quarter, said Syndicate Bank MD Mrutyunjay Mahapatra.
Homebuyers can file insolvency cases: Supreme Court
The court described remedies under the Consumer Protection Act, 1986, and RERA as “concurrent remedies”.
SC upholds IBC amendments, status of homebuyers as financial creditors
The bench said only genuine homebuyers can invoke insolvency proceedings against the builder.
NCLAT expresses displeasure over delay in IL&FS resolution
NCLAT directed Corporate Affairs Ministry and IL&FS group to file a fresh progress report by September 3.