Monday, Dec 04, 2023
×
Outlook.com
×

Insolvency And Bankruptcy Code

Supreme Court

SC Upholds Validity Of Key Provisions Of Insolvency And Bankruptcy Code

The top court upheld the constitutionality of some amendments made to the IBC in 2019 pertaining to the Personal Guarantors' Insolvency Resolution.

09 November 2023

Future Group

Future Lifestyle Insolvency: RP Receives Claims Of Rs 2,155.53 Cr From Financial Creditors

Future Lifestyle Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the corporate insolvency resolution process (CIRP) initiated against this Future group company recently

02 June 2023

Jet Airways.

Jet Airways’ Insolvency Fiasco Leaves A Strong Message For Go first Airlines

Naresh Goyal founded Jet Airways, which was considered as the biggest carrier in India, halted all operations on April 17, 2019, citing rising financial liabilities

18 May 2023

Reliance Capital

Reliance Capital Lenders To Vote On Hinduja Firm IIHL’s Resolution Plan

Hinduja Group’s Indusind International Holdings Ltd (IIHL) submitted a comprehensive plan that was presented to Reliance Capital lenders on Friday

09 June 2023

Infrastructure

India Witnesses Transformation, To Emerge As Key Driver Of Asian, Global Growth: Morgan Stanley

The report highlighted the 10 big changes, including supply-side policy reforms, formalisation of the economy, Direct Benefit Transfer, Insolvency and Bankruptcy Code, focus on FDI and flexible inflation targeting

31 May 2023

Parliament building

Government Plans To Introduce Bills To Amend Companies, Insolvency Laws In Parliament's Monsoon Session

The IBC, which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets

13 April 2023

Jaypee Group

Jaiprakash Associates Defaults On Rs 3,961-Crore Loans On May 31

In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the company on May 31 defaulted on repayments of a principal amount of Rs 1,600 crore and interest of Rs 2,361 crore

07 June 2023

Advertisement

Insolvency Resolution Requires Innovation; Over Regulation Is Not A Solution: IBBI Chief

The IBBI Chairperson said IIM Ahmedabad has been asked to conduct a study to find out whether these resolutions have led to a change in the economy, adding that the report is expected to come out in the next two months

13 April 2023

Advertisement
07 April 2023
Reliance Capital Resolution Process Deadline May Be Extended

Reliance Capital Resolution Process Deadline May Be Extended

Considering the fact that the second round of auction is yet to take place, it is not possible to wrap up the resolution process within the current deadline.


04 April 2023
Bankruptcy Resolutions Yielding Lower Realisations, Taking Longer: Report

Bankruptcy Resolutions Yielding Lower Realisations, Taking Longer: Report

The intensity of the cases admitted under CIRP increased during the first 9 months of the fiscal to 886 cases, which is a 70 per cent jump from the same period...


10 March 2023
Government Invites Applications For ED Post At IBBI

Government Invites Applications For ED Post At IBBI

The appointment for the post will be on a deputation basis for an initial period of three years, which shall be extendable by one year. 


25 January 2023
Jaypee Infra Insolvency: Consortium Lenders, Except ICICI Bank, Assign Their Debt To NARCL

Jaypee Infra Insolvency: Consortium Lenders, Except ICICI Bank, Assign Their Debt To NARCL

The case has been reserved for orders on the approval of the resolution plan in respect of JIL before the NCLT, Principal Bench, Delhi


19 January 2023
Government Proposes Slew Of Changes To Insolvency Law

Government Proposes Slew Of Changes To Insolvency Law

The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets


Advertisement

17 January 2023
Sagar Cements To Acquire Andhra Cements

Sagar Cements To Acquire Andhra Cements

The Committee of Creditors (CoC) of Andhra Cements has voted with a majority in favour of the resolution plan filed by Sagar Cements Ltd, Andhra Cements said...


10 January 2023
India Expected To Become $7 Trillion Economy In Seven Years: CEA V Anantha Nageswaran

India Expected To Become $7 Trillion Economy In Seven Years: CEA V Anantha Nageswaran

The CEA also said the most important issue is that the US is expected to lower its interest rates in 2024 or 2025, which will have an impact on the Indian rupee


08 January 2023
SREI Auditor Flags Fresh Fraud Of Rs 296 Crore

SREI Auditor Flags Fresh Fraud Of Rs 296 Crore

SREI is undergoing insolvency resolution under the Insolvency and Bankruptcy Code (IBC)


04 January 2023
NARCL Highest NPV Bidder With Rs 5,555-Crore Offer In Srei Resolution

NARCL Highest NPV Bidder With Rs 5,555-Crore Offer In Srei Resolution

NARCL's net present value bid, submitted in the 10-hour-long "challenge mechanism" conducted by the committee of creditors (CoC) on Tuesday, constitutes Rs...


29 December 2022
CBIC Tells Taxmen To Recover Only Reduced Tax Dues In Insolvency And Bankruptcy Code Cases

CBIC Tells Taxmen To Recover Only Reduced Tax Dues In Insolvency And Bankruptcy Code Cases

Section 84 of the CGST Act deals with the procedure where original tax, interest or penalty stands reduced under an appeal, revision or other proceedings


13 December 2022
Banks Wrote Off NPAs Over 10 Lakh Crore In Last Five Financial Years: Nirmala Sitharaman

Banks Wrote Off NPAs Over 10 Lakh Crore In Last Five Financial Years: Nirmala Sitharaman

The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance...


Advertisement

09 December 2022
Lenders Of Reliance Capital Finalise E-Auction Process For Bidders

Lenders Of Reliance Capital Finalise E-Auction Process For Bidders

According to sources, the e-auction will begin on December 19, and it will follow ascending auction process


08 December 2022
Reliance General Insurance Seeks Rs 600 Crore Capital Infusion From Parent

Reliance General Insurance Seeks Rs 600 Crore Capital Infusion From Parent

In a letter to Reliance Capital's administrator, RGIC has sought Rs 600 crore capital support by this month-end


05 December 2022
Differences Emerge Between Lenders, Advisors Over Resolution Plan Options For RCL

Differences Emerge Between Lenders, Advisors Over Resolution Plan Options For RCL

With the binding bids coming in at an abysmally low value, the advisors and members of the CoC hold different opinions on what process they should adopt for...


02 December 2022
Budget 2023: Govt To Overhaul Insolvency And Bankruptcy Code In Budget Session, Report

Budget 2023: Govt To Overhaul Insolvency And Bankruptcy Code In Budget Session, Report

Budget 2023: The Ministry of Corporate Affairs has consulted judges, lenders, bankruptcy resolution professionals and other stakeholders to revamp the...


20 September 2022
IBBI Amends Rules To Streamline Liquidation Process

IBBI Amends Rules To Streamline Liquidation Process

The move would also enable better participation of stakeholders


08 September 2022
Ronnie Screwvala-Backed Edtech Start-Up Lido Learning Files For Bankruptcy

Ronnie Screwvala-Backed Edtech Start-Up Lido Learning Files For Bankruptcy

Founded in 2019 by Sahil Sheth, the company offers live online classes to children from KG to Class 9 for Maths, Science, English, and Coding


Advertisement
Advertisement
Advertisement
Advertisement
Advertisement