insolvency and bankruptcy code
Govt plans to have more National Company Law Tribunal benches
A case is admitted for resolution under the Code only after approval from the NCLT.
Changes to insolvency law to be prospective: MCA official
The 14-member panel, headed by Srinivas, has recommended various changes to the Insolvency and Bankruptcy Code (IBC).
Public sector banks report Rs 19,000 crore loss
The total losses reported by 16 public sector banks amount to Rs 18,947 crore.
Will continue to modify insolvency laws, says Arun Jaitley
The bill was passed by the Lok Sabha last week.
Lok Sabha passes changes to bankruptcy code
Taking a pot-shot at Congress MP Gaurav Gogoi’s assertion that NPAs have escalated during the rule of the present government.
New bankruptcy rules to hit banks
There are promoters who want to regain control over the company by offering the most competitive bids during the resolution process.
Bankruptcy code can help deepen bond markets: Sebi
Chief Ajay Tyagi adds bankruptcy reforms have had significant impact on developing corporate bonds in various countries.
Firms free to move judiciary over RBI's insolvency directive: S S Mundra
Essar Steel had moved high court seeking its direction to quash RBI's direction to banks to initiate insolvency proceedings.
Lenders take Essar Steel to NCLT
Bankers, led by IDBI Bank, will be meeting on Friday to decide on Bhushan Power & Steel which has been in default of Rs 37,248 crore to the lenders.
Essar Steel among RBI’s 12 defaulters
Banks will move for insolvency proceedings in these 12 cases after due process defined under the Insolvency and Bankruptcy Code, the banker added.