Latest News on Ibbi
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Ibbi - Total results - 12
Apr 15, 2019
Financial, operational creditors recover nearly half of total claims worth over Rs 1.42 lakh crore in 88 insolvency casesThe Insolvency and Bankruptcy Code (IBC) seeks to provide market-determined resolution for stressed assets in a time-bound manner
Mar 18, 2019
NCLAT gives conditional nod to ArcelorMittal's Rs 42,000 crore resolution plan for debt-ridden Essar SteelNCLAT said there is no stay on the Resolution Professional of Essar Steel to disburse the funds among financial and operational creditors of the company
Dec 24, 2018
TCS, Wipro, IBM, 3 others shortlisted by Reserve Bank of India for setting up Public Credit RegistryThe Public Credit Registry would be the single point of mandatory reporting for all material events for each loan, notwithstanding any threshold in the loan amount or type of borrower.
Dec 06, 2018
At IBBI-FICCI huddle in New York, Arun Jaitley says bankruptcy code-led stressed assets sale 'great opportunity for foreign investors'India’s finance minister Arun Jaitley, principal economic advisor Sanjeev Sanyal and Chairman of the Insolvency and Bankruptcy Board of India (IBBI) M S Sahoo made a strong pitch for turbocharging foreign investment in Indian companies' stressed assets that will be going up for sale in the coming months.
Oct 31, 2018
Arun Jaitley holds high-level meeting to discuss liquidity issues; no discussion on RBI-govt differences, says reportUnlike in the past, all the four RBI deputy governors attended Tuesday's FSDC meeting along with Patel.
Sep 24, 2018
Revival of 45 bankrupt companies will meet 50% of lenders' claims: Insolvency and Bankruptcy Board chief MS SahooAbout 1,100 companies have been admitted in the Corporate Insolvency Resolution Process (CIRP) since the implementation of the Insolvency and Bankruptcy Code (IBC) in 2016
Jul 19, 2018
Insolvency and Bankruptcy Board working on cross-border insolvency norms, says chairman MS SahooGovt is keen to introduce a globally accepted cross-border insolvency framework, which would make India an attractive investment destination for foreign creditors
Jul 04, 2018
IBBI amends norms, notifies procedures for home buyers under insolvency proceedingsWith the amended norms, there is more clarity on procedural requirements for various classes of creditors, including home buyers.
Jun 14, 2018
Sebi plans revised norms for recovery of investors' money in cases of illegal collective investment schemesSebi plans to put in place revised norms for recovering investors' money in cases of illegal collective investment schemes, wherein a registered insolvency professional will be appointed as administrator to undertake sale of assets
Apr 16, 2018
NPA crisis: Loans worth Rs 2.72 lakh cr written-off since NDA government took over in 2014; just Rs 29,000 cr recoveredThe problem is that there aren’t enough buyers for stressed assets in India, at prices the banks expect, needed to compensate for their losses.