insolvency and bankruptcy code

Jet Airways, led by the new management, has for the time being averted liquidation proceedings by agreeing to transfer to banks about ₹130 crore received from the lease-rentals of Air Serbia planes, said people aware of the development.…

The Supreme Court on Friday held that Insolvency and Bankruptcy Code (IBC) will prevail over the Customs Act, to the extent that once moratorium proceedings begin under the Code, the customs authority does not have the power to initiate…

State-owned () has put up for sale its NPA account Apollo Distilleries & Breweries with loan outstanding of nearly Rs 44 crore due against the company. Inviting asset reconstruction companies (ARCs) to put their bids for…

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…

A key government panel has proposed tweaks to Insolvency and Bankruptcy Code (IBC) to ensure timebound resolution of cases, including a 30-day deadline for an adjudicating authority to dispose of a resolution plan. Insolvency Law…

The Insolvency and Bankruptcy Board of India (IBBI) is probing several resolution professionals (RPs) for allegedly violating the code of conduct and not acting in the best interest of creditors. People with direct knowledge of the…