Proceedings under the Insolvency and Bankruptcy Code have remained suspended since 25 March in the wake of the COVID-19 pandemic
SC rejects SBI plea for resuming insolvency proceedings against Anil Ambani; matter listed for 6 Oct
The State Bank of India had moved the apex court to recover Rs 1,200 crore that it had loaned to two firms of the then-chairman of Reliance Communications
Nirmala Sitharaman to review state of economy at FSDC meeting today; measures taken to boost growth to be assessed
This would be the second meeting of the FSDC after the Modi 2.0 government assumed office.
Jet Airways crisis: Lenders' consortium picks Grant Thornton as resolution professional for cash-strapped airline
The bankers to Jet Airways on Tuesday moved the National Company Law Tribunal to recover their dues of over Rs 8,500 crore.
Financial, operational creditors recover nearly half of total claims worth over Rs 1.42 lakh crore in 88 insolvency cases
The Insolvency and Bankruptcy Code (IBC) seeks to provide market-determined resolution for stressed assets in a time-bound manner
NCLAT gives conditional nod to ArcelorMittal's Rs 42,000 crore resolution plan for debt-ridden Essar Steel
NCLAT said there is no stay on the Resolution Professional of Essar Steel to disburse the funds among financial and operational creditors of the company
TCS, Wipro, IBM, 3 others shortlisted by Reserve Bank of India for setting up Public Credit Registry
The 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.
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.
Arun Jaitley holds high-level meeting to discuss liquidity issues; no discussion on RBI-govt differences, says report
Unlike in the past, all the four RBI deputy governors attended Tuesday's FSDC meeting along with Patel.
Revival of 45 bankrupt companies will meet 50% of lenders' claims: Insolvency and Bankruptcy Board chief MS Sahoo
About 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
Govt is keen to introduce a globally accepted cross-border insolvency framework, which would make India an attractive investment destination for foreign creditors
With the amended norms, there is more clarity on procedural requirements for various classes of creditors, including home buyers.
Sebi plans revised norms for recovery of investors' money in cases of illegal collective investment schemes
Sebi 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
NPA crisis: Loans worth Rs 2.72 lakh cr written-off since NDA government took over in 2014; just Rs 29,000 cr recovered
The problem is that there aren’t enough buyers for stressed assets in India, at prices the banks expect, needed to compensate for their losses.
The regulations will be applicable for all stakeholders, including creditors, debtors and service providers.
While the Code is in the process of being implemented, the government has already set up the Insolvency and Bankruptcy Board of India