The Survey said that IBC has initiated a cultural shift in the dynamics between lender and borrower, promoter and creditor.
04 Jul 2019 3:31 PM
The objective of IBC is to rescue viable companies and close down unviable ones, IBBI chief M S Sahoo said.
04 May 2019 2:49 PM
IBBI chief MS Sahoo noted that the repayment of debt is no longer an option, as tolerance for default has disappeared.
26 Apr 2019 3:39 PM
Claims totalling a little over Rs 1.42 trillion were admitted in 88 cases under IBC till Feb 28, IBBI data showed.
15 Apr 2019 2:02 PM
In view of the judgement, a bank-creditor needs to ask itself when it should initiate proceeding and justify itself, IBBI's Sahoo said.
07 Apr 2019 6:51 PM
Insolvency and Bankruptcy Code provides a framework for market-driven and time-bound resolution process.
31 Mar 2019 4:54 PM
Over 3,500 cases have been resolved at pre-admission stage and resulted in claims worth Rs 1.2 lakh crore getting settled.
24 Nov 2018 4:01 PM
The ordinance would give home buyers due representation in Committee of Creditors and make them integral part of decision-making process.
06 Jun 2018 6:38 PM
Investigation authority has to serve a notice intimating the entity concerned about the probe at least ten days in advance.
16 Jul 2017 12:36 PM