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Business failure must not be looked down upon: FM Sitharaman on VG Siddhartha's death

Siddhartha's body was found on the banks of the Netravathi river in Karnataka on Wednesday. In a letter purportedly written by him, Siddhartha alleged, among other reasons, harassment by the Income Tax department as the cause for taking his own life.

Aug 02, 2019, 12:50 PM IST

IBC process helps recover Rs 70K cr bad loans in FY19: Report

According to its president Gurpreet Chatwal, the recovery rate for the 94 cases resolved through IBC by FY2018-19 is 43 per cent, compared with 26.5 per cent through earlier resolution mechanisms.

May 15, 2019, 14:15 PM IST

Non-adherence to timelines under IBC a major concern, says govt official

The code, which became fully operational in December 2016, provides for a market-determined and time-bound insolvency resolution process.

Dec 27, 2018, 14:27 PM IST

IFCI gets Rs 492 cr for Binani Cement resolution under IBC

On November 14, Aditya Birla Group firm UltraTech Cement won bid to acquire debt-ridden Binani Cement.

Nov 27, 2018, 11:26 AM IST

Cabinet clears amendments to bankruptcy code

A 14-member Insolvency Law Committee had made suggestions to the Ministry of Corporate Affairs, including addressing woes of home buyers and making recoveries easier for lenders.

May 23, 2018, 17:34 PM IST

To avoid future frauds, need to rethink PSB's ownership: Arvind Subramanian

He said that we need to have radical agenda for reform of the banking sector if we want these things not happen in future.

Mar 23, 2018, 00:02 AM IST

IBC mechanism used actively to resolve bad loan problem: Economic Survey

Insolvency and Bankruptcy Code has provided a resolution framework that will help corporates clean up their balance sheets and reduce debts.

Jan 29, 2018, 14:23 PM IST

Parliament passes amendments to insolvency bill to bar defaulters from bidding process

The bill seeks to replace an ordinance which was promulgated in November to prevent unscrupulous persons from misusing or vitiating the provisions of the Insolvency and Bankruptcy Code (IBC).

Jan 02, 2018, 19:13 PM IST

Bankruptcy code can help deepen bond markets: Sebi chairman

Capital markets regulator Sebi chairman Ajay Tyagi on Saturday expressed hope that the Insolvency and Bankruptcy Code (IBC) will help boost investor confidence and encourage fund inflows into the corporate bonds market, especially in low-rated instruments.

Aug 19, 2017, 15:27 PM IST

Banks may have to take 60% haircut on 12 largest NPAs: Crisil

The strong steps taken by Reserve Bank to resolve NPAs are likely to raise provisioning by a whopping 25 per cent this year as lenders will take up to 60 percent hair cut while resolving these accounts.

Jun 26, 2017, 16:46 PM IST

Still feel guilty about letting down Indian Army: Gurcharan Singh

 Professional glory across seven seas could never make up for the ignominy of being labelled a deserter in his own country, insists US-based India boxer Gurcharan Singh, who cannot wait for his homecoming under the newly-formed pro body -- the Indian Boxing Council (IBC).

Jul 20, 2015, 16:47 PM IST

It's my wish to turn pro, says Vijender Singh

Star Indian boxer Vijender Singh on Wednesday shot back at his detractors and reiterated that it was not money that prompted him to leave amateur boxing but his "wish" to become a professional.

Jul 15, 2015, 20:32 PM IST

`Zero Waste Himalaya` one of the point in IBC

`Zero Waste Himalaya` and `Endosulfan Free Kerala` would be taken up for discussion at Frist Indian Biodiversity Congress-2010.

Nov 30, 2010, 18:31 PM IST