Insolvency Law

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Insolvency Law - Total results - 5
Jet Airways crisis: Lenders keen on resolution outside insolvency law framework in case bidding process fails
Business

Jet Airways crisis: Lenders keen on resolution outside insolvency law framework in case bidding process fails

Running into debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival

Financial, operational creditors recover nearly half of total claims worth over Rs 1.42 lakh crore in 88 insolvency cases
Business

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

Govt to soon come out with 'effective steps' to deal with frivolous bids under IBC, says corporate affairs secretary
Business

Govt to soon come out with 'effective steps' to deal with frivolous bids under IBC, says corporate affairs secretary

The Insolvency and Bankruptcy Code (IBC) mainly seeks to address the issue of stressed assets in a time-bound manner.

Revival of 45 bankrupt companies will meet 50% of lenders' claims: Insolvency and Bankruptcy Board chief MS Sahoo
Business

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

Changes to Insolvency and Bankruptcy Code to be prospective, says Corporate Affairs Secretary Injeti Srinivas
Business

Changes to Insolvency and Bankruptcy Code to be prospective, says Corporate Affairs Secretary Injeti Srinivas

With a high-level panel suggesting a slew of changes to insolvency law, Corporate Affairs Secretary said that amendments would be prospective in nature