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Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Bankruptcy ordinance puts premium on integrity, promotes clean biz:...

The ordinance is primarily aimed at safeguarding the public money from being misused by dishonest businesses.

28 Nov 2017 10:46 AM GMT

Ordinance aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of IBC.

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.

24 Nov 2017 10:34 AM GMT

The ordinance aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of the Code.

Wilful defaulters barred from bidding under insolvency law

Over 300 cases have already been approved by NCLT to be taken up under the law.

23 Nov 2017 11:12 AM GMT

Finance Minister Arun Jaitley (Photo: AP)

Defaulters barred from auction

Cabinet okays ordinance to amend Insolvency and Bankruptcy code.

22 Nov 2017 9:29 PM GMT

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

NCLT okays Electrosteel's Resolution plan

The Reserve Bank in 2017 to get resolved under the Insolvency and Bankruptcy Code.

18 April 2018 1:52 AM GMT

Finance Minister Nirmala Sitharaman (Photo: File)

No need to escalate one case to reflect everything to do with IBC:...

Bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and...

21 Oct 2019 4:28 AM GMT

Prime Minister Narendra Modi on Sunday accused the Congress of hatching the Hindu terror conspiracy to defame the countrys religious heritage. (Photo: ANI twitter)

Reform potential of new government to improve foreign capital flow:...

A decisive majority assures foreign investors for whom continuity, policy stability are key investment considerations,...

27 May 2019 10:12 AM GMT

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)

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.

17 Jun 2019 1:04 PM GMT

Reserve Bank of India (RBI)

New RBI norms to give more lenders headroom to resolve large NPAs:...

New framework provides some leeway to lenders and encourages them to refer cases to IBC, said SBI in its report.

11 Jun 2019 1:40 PM GMT

Ordinance aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of IBC.

IBC tweak to help homebuyers, to hit lenders

As operational creditors, home buyers' inte-rests are not fully optimised up till now.

24 May 2018 8:01 PM GMT

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Cabinet lets home buyers have creditors tag in IBC

Under the code, financial creditor implies any person to whom a financial debt is owed.

23 May 2018 8:13 PM GMT

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

State-run banks wiped out the USD 13-billion capital infusion by the...

Around 19 of the 21 state-run banks reported losses for the fiscal, including country's largest lender SBI.

1 Jun 2018 10:06 AM GMT