ibc

An apex court order giving the National Company Law Tribunal (NCLT) discretion over admission of insolvency cases even when default is proven has shaken bankers and lawyers. They said the ruling could deflate an already delayed process…

(SBI) on Friday sold distressed KSK Mahanadi Power's ₹3,815-crore outstanding loans to Aditya Birla Asset Reconstruction Co for ₹1,622 crore, a move that would help the bank shore up its earnings in the second quarter, said two people…

Delhi-based builder Sanskar Projects and Housing, promoted by Ravi Arora has been dragged to National Company Law Tribunal (NCLT) under Section 7 of Insolvency and Bankruptcy Code, over a default of over Rs 5 crore by its financial…

The government on Monday said that concrete steps taken by the government and RBI have helped banks recover bad loans worth over Rs 8.6 lakh crore in the last eight financial years. According to news agency PTI, Bhagwat Karad, the…

The government is working on to reduce compliance issues with a focus on ease of doing business and has introduced the Insolvency and Bankruptcy Code (IBC) keeping that in mind, the principal economic advisor with the Department for…

The Supreme Court on Monday sought response from the Union government on an appeal alleging that various provisions related to initiation of insolvency proceedings against promoters, who stood as guarantors for a debt-laden company’s…

The government has finalised amendments to the Insolvency and Bankruptcy Code (IBC) to bring in a cross-border resolution framework and may introduce a Bill in this regard as early as in the monsoon session of the Parliament starting…

By Rajnish Kumar With the Insolvency and Bankruptcy Code (IBC) completing six years, there have been several discussions about what has worked well and what has not. Thus, rather than discuss the pros and cons of the IBC vs other…

The National Company Law Tribunal (NCLT) on Monday reserved its order on the petition filed by Amazon opposing Bank of India's plea to initiate insolvency resolution proceedings against debt-ridden (FRL). After hearing the arguments of…

The Insolvency Law Committee has recommended against giving any special dispensation to the Securities and Exchange Board of India (Sebi) from the moratorium clause under the Insolvency and Bankruptcy Code (IBC). According to the rules,…