Insolvency And-bankruptcy-code

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Insolvency And-bankruptcy-code - Total results - 259
Stormy Monsoon Session of Parliament sees Rajya Sabha pass 25 Bills over Opposition's protest, absence
Politics

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
Politics

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
Business

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'
India

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
India

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
India

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.

Despite new measures to revive economy, govt's steps on Insolvency and Bankruptcy Code needs clarity
Business

Despite new measures to revive economy, govt's steps on Insolvency and Bankruptcy Code needs clarity

The impact that the changes to the IBC will result in could possibly only come to light several months from today.

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain
Business

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain

There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman's first package of details to flesh out Prime Minister Narendra Modi's Rs 20-lakh-crore stimulus

IBC led to recovery of just 10% of defaulted loans in non- major companies: Jairam Ramesh
Business

IBC led to recovery of just 10% of defaulted loans in non- major companies: Jairam Ramesh

The insolvency and bankruptcy law has resulted in recovery of just 10 percent of defaulted loans in case of companies other than the seven big ones referred for resolution, senior Congress leader Jairam Ramesh said in Rajya Sabha on Thursday

Recovery through insolvency process better compared to other options: IBBI chief  MS Sahoo
Business

Recovery through insolvency process better compared to other options: IBBI chief MS Sahoo

Asserting that recovery through insolvency law process has been better, IBBI chief MS Sahoo has said creditors have recovered Rs 1.6 lakh crore, which is 207 percent of the realisable value of assets of 190 companies rescued till December last year under it

Economic growth set to bounce back as slump bottoms out; govt takes steps to boost investment: Official
Business

Economic growth set to bounce back as slump bottoms out; govt takes steps to boost investment: Official

Sanyal said economic growth was set to accelerate to 6 percent in the financial year beginning in April, compared with an estimated growth of 5.0 percent in the current one

Homebuyers' body writes to Parliamentary panel opposing amendment in insolvency law
Business

Homebuyers' body writes to Parliamentary panel opposing amendment in insolvency law

Homebuyers' body FPCE has written to a Parliamentary panel on finance, opposing an amendment in the insolvency law that seeks to insert a minimum threshold for flat owners to approach the National Company Law Tribunal (NCLT) against builders who have defaulted

India's economic slowdown is a potential threat to national security: Govt can't afford to take eye off the ball
Business

India's economic slowdown is a potential threat to national security: Govt can't afford to take eye off the ball

Right from the time it was first elected in 2014, this government has been at pains to be perceived as being strong on national security and defence

ArcelorMittal forays into Indian steel market; completes Rs 42,000-cr Essar acquisition
Business

ArcelorMittal forays into Indian steel market; completes Rs 42,000-cr Essar acquisition

Global steel giant ArcelorMittal on Monday said it has completed the acquisition of Essar Steel, marking its entry into the Indian steel sector

In Parliament today: Nirmala Sitharaman introduces bill to amend Insolvency and Bankruptcy Code in LS; 'North East is burning', Opposition denounces CAB
Politics

In Parliament today: Nirmala Sitharaman introduces bill to amend Insolvency and Bankruptcy Code in LS; 'North East is burning', Opposition denounces CAB

Union finance minister Nirmala Sitharaman introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code.

Parliament Updates: 'Poverty in India has doubled over recent years': Adhir Ranjan Chowdhury slams Centre for low global poverty index ranking
Politics

Parliament Updates: 'Poverty in India has doubled over recent years': Adhir Ranjan Chowdhury slams Centre for low global poverty index ranking

Parliament LIVE Updates: In Lok Sabha, Leader of Opposition and Congress leader Adhir Ranjan Chowdhury said, "India ranks 102 in the global poverty index. Bangladesh is also ahead of us, they rank 88. In today's times, poverty has doubled." Meanwhile, in Rajya Sabha, Union law minister Ravi Shankar Prasad spoke on The Constitution (One Hundred and Twenty-Sixth Amendment) Bill, which seeks to amend provisions related to reservation of seats for Scheduled Castes (SCs) and Scheduled Tribes (STs).

DHFL shares fall nearly 5% after RBI files application to initiate insolvency resolution process
Business

DHFL shares fall nearly 5% after RBI files application to initiate insolvency resolution process

Shares of Dewan Housing Finance Corporation on Monday fell nearly 5 percent to hit lower price band after the RBI filed an application to initiate the insolvency resolution process against the company

RBI refers DHFL to bankruptcy tribunal for resolution of company's Rs 83,873 cr debt
Business

RBI refers DHFL to bankruptcy tribunal for resolution of company's Rs 83,873 cr debt

The Reserve Bank on Friday sent the crippled Dewan Housing Finance Corporation (DHFL) to the bankruptcy tribunal, making it the first NBFC/HFC to be resolved under the insolvency and bankruptcy code

Govt plans to amend Insolvency and Bankruptcy Code to ring-fence buyers of stressed assets from prosecution
Business

Govt plans to amend Insolvency and Bankruptcy Code to ring-fence buyers of stressed assets from prosecution

In many of the cases under insolvency, the promoters are under investigation by various agencies, the sources said

Essar Steel insolvency: ArcelorMittal aims to complete acquisition of debt-ridden company by 2019-end
Business

Essar Steel insolvency: ArcelorMittal aims to complete acquisition of debt-ridden company by 2019-end

Following the Supreme Court verdict on Essar Steel resolution plan, global steel giant ArcelorMittal said it expects to complete the acquisition of the debt-ridden company by the end of this year