Insolvency And Bankruptcy Code

In Cabinet reshuffle, technocrats as ministers can help Prime Minister Narendra Modi deliver better on jobs

Clearly, the model of bureaucrats alone advising the government, who themselves have little interaction with citizens and opinion-makers, has run its course

SC upholds Centre's notification permitting banks to proceed against personal guarantors under bankruptcy code

The top court ruled that initiation of an insolvency resolution plan for a company does not absolve corporate guarantees given by individuals from paying up the dues to financial institutions

Piramal group gets RBI nod for acquisition of DHFL; mortgage lender's shares rise by 4.94%

DHFL was the first finance company to be referred to NCLT by the RBI using special powers under Section 227 of the IBC. The company owes Rs 87,031 crore to financial creditors

Ground seems ready for new options to resolve stressed assets, says IBBI chief MS Sahoo

Proceedings under the Insolvency and Bankruptcy Code have remained suspended since 25 March in the wake of the COVID-19 pandemic

Stormy Monsoon Session of Parliament sees Rajya Sabha pass 25 Bills over Opposition's protest, absence

Rajya Sabha Chairman M Venkaiah Naidu said in concluding remarks that the House’s productivity was 100.47 percent, while written replies were given to a total of 1,567 unstarred questions

LS passes FCRA bill, Opposition claims Centre acting as 'Big Brother'; eight RS MPs suspended over farm bills row

The draft law seeks to make it mandatory for officer-bearers of NGOS to provide Aadhar numbers at the time of registration and also to bar public servants from receiving foreign funds.

Supreme Court grants 10 years to telecom firms to pay AGR dues worth Rs 1.6 lakh crore

Failure to pay the instalments of the dues would incur penalty, interest, and contempt of court, the Bench cautioned the telecom firms

SC bench slams telcos for seeking recalculation of AGR dues, says it can 'impose more costs than any other court before'

'The calculation that has been given by DoT is to be treated as final; there can be no scope of re-assessment,' the Supreme Court held.

Leniency during COVID-19 is fine, but decriminalising Section 138 encourages financial crime, harms creditors' confidence and hurts economy

Decriminalising Section 138 is only going to make creditors more insecure, which could cause unfathomable harm to the Indian economy.

India needs comprehensive law on coronavirus to replace maze of piecemeal guidelines, clarifications; UK, Singapore offer examples

In the absence of a comprehensive legislation dealing with coronavirus, litigants are flocking to courts across the country seeking clarity and protection as a result of these unprecedented circumstances.