Insolvency and Bankruptcy Code

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

Banks can now refer defaulters to NCLT on case by case basis: Bankers

The Supreme Court on Tuesday quashed the RBI's February 12 circular, which prescribed rules for recognising one-day defaults by large corporates and initiating insolvency action as a remedy.

Apr 03, 2019, 10:26 AM IST

SC upholds constitutional validity of Insolvency and Bankruptcy Code

The bench disposed of a batch of pleas filed by companies challenging various provisions of the IBC.

Jan 25, 2019, 11:49 AM IST

Arun Jaitley targets previous UPA government as Insolvency and Bankruptcy Code completes two years

Jaitley said the Congress left behind the legacy of an anachronic system of resolving commercial insolvency.

Jan 03, 2019, 13:54 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

President approves promulgation of IBC amendment Ordinance to treat home buyers as creditors

The Ordinance provides significant relief to home buyers by recognizing their status as financial creditors.  

Jun 06, 2018, 16:36 PM 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

Fresh bids invited for ABG Shipyard under insolvency law

ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code(IBC, 2016) as per the orders of NCLT.

Apr 19, 2018, 12:31 PM IST

RBI notifies revised framework to deal with bad loans

The new guidelines have specified framework for early identification and reporting of stressed assets.

Feb 13, 2018, 07:47 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

IBC Ordinance to have no impact on valuation of assets under resolution: SBI chief

The President today gave his assent to the Ordinance amending the Insolvency & Bankruptcy Code, 2016.

Nov 23, 2017, 17:50 PM IST

Insolvency and Bankruptcy Code 2016: Check out gist of the amendments

The IBC became operational in December 2016 and provides for a time-bound insolvency resolution process.

Nov 23, 2017, 16:29 PM IST

President approves ordinance on Insolvency and Bankruptcy Code

The ordinance was approved by the cabinet on Wednesday.

Nov 23, 2017, 13:59 PM IST

Govt to come out with ordinance to tighten insolvency law

The Code, which became operational in December last year, provides a market-determined and time-bound insolvency resolution process. Over 300 cases have already been approved by the National Company Law Tribunal (NCLT) to be taken up under the law, implemented by the corporate affairs ministry.

Nov 22, 2017, 17:00 PM IST

Insolvency law: Govt sets up 14-member panel to identify issues

The move also comes against the backdrop of concerns in certain quarters about various aspects of the law including the possibility of promoters wresting back control of a company under insolvency process.

Nov 21, 2017, 20:09 PM IST

Rating upgrade certifies reforms are in right direction: Sebi

Terming Moody's much-awaited sovereign ratings upgrade as "positive inflection point", Sebi chairman Ajay Tyagi has said it is an acknowledgement that the reform measures being taken by government are in the right direction.

Nov 17, 2017, 13:02 PM IST

Three key reforms have improved transparency, says Arun Jaitley

Recapitalisation will help to redress the twin balance sheet problem and revive private investment, he added.

Nov 16, 2017, 16:26 PM IST

Jaypee Infra insolvency: IRP floats EoI for resolution plans

NCLT has admitted the application by an IDBI Bank-led consortium seeking resolution for Jaypee Infratech under the Insolvency and Bankruptcy Code.

Oct 27, 2017, 16:38 PM IST

World praising India for reforms like demonetisation, GST: Arun Jaitley

The Finance Minister, who was in US to attend annual meeting of the IMF and World bank, said that the comments made by the experts worldwide on India`s structural reforms underline the country`s confident image.

Oct 15, 2017, 10:05 AM IST