Bankruptcy And Insolvency Law
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Cannot Direct Government To Notify Law Passed By Parliament: Supreme Court
The courts cannot direct the government to notify a law passed by Parliament, the Supreme Court said today while dismissing a plea seeking implementation of certain provisions of the Insolvency and Bankruptcy Code.
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Financial Creditors Take Maximum Risk, Need To Be Compensated: RBI
Amendments to India's bankruptcy law should focus on a financial creditor-led framework for resolution of stressed assets, the governor of the country's central bank said on Thursday.
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Government To Amend Insolvency Law To Reduce Time Taken For Resolution Process
The government is preparing to amend the insolvency law as it looks to reduce the time taken for completion of resolution process of stressed assets and prevent significant erosion of value of the assets.
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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
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Parliament Amends Insolvency Law To Protect COVID-Hit Companies
Parliament on Monday approved the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, whereby fresh insolvency proceedings will not be initiated for at least six months starting from March 25 in view of the coronavirus pandemic.
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Parliament Passes Amendments To Insolvency And Bankruptcy Code Bill
Parliament today passed amendments to the insolvency law that will help ring-fence successful bidders of insolvent companies from risk of criminal proceedings for offences committed by previous promoters.
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Lok Sabha Passes Amendments To Insolvency And Bankruptcy Code
Lok Sabha on Thursday passed amendments to the Insolvency and Bankruptcy Code, with the government asserting that the spirit behind the law is not to allow companies to die.
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Nirmala Sitharaman Introduces Bill For Faster Resolution Of Bad Loans
The Government today introduced The Insolvency and Bankruptcy Code (Amendment) Bill 2019, that seeks to ensure timely completion of debt resolution process and provide more clarity on rights of stakeholders.
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Mobile Operator Aircel Files For Bankruptcy
Billionaire T Ananda Krishnan's Aircel has filed for bankruptcy in the Mumbai branch of National Company Law Tribunal (NCLT), the bankruptcy and insolvency resolution court.
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More Amendments Likely In Insolvency Law, Says Top Official
The insolvency law might be amended depending on recommendations of the panel reviewing issues related to the legislation, including those pertaining to home buyers, a senior government official said
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More Amendments To Insolvency Law Likely, Says Report
A panel is working to identify and suggest ways to address issues faced in the implementation of the Insolvency and Bankruptcy Code.
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Tycoons Set To Remake India Steel As $26 Billion Battle Heats Up
Insolvent producers including Monnet Ispat & Energy Ltd. are attracting potential bidders as prices of the material soar and creditors embark on the first significant test of a bankruptcy law that's intended to encourage asset sales.
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New Norms for Handling Complaints Under Bankruptcy Code Notified
The filing fee will be refunded to the stakeholder in case the complaint is found to be not "frivolous or malicious", said the corporate affairs ministry.
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Wilful Defaulters Can't Bid For Assets Under Amended Insolvency Law
The President gave his assent to an ordinance to amend the bankruptcy code.
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Centre Clears Tighter Rules To Bar Loan Defaulters From Bidding For Firms
The cabinet on Wednesday approved amendments to the Insolvency and Bankruptcy Code with changes that are designed to prevent wilful defaulters from bidding for stressed assets, Finance Minister Arun Jaitley said.
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Cannot Direct Government To Notify Law Passed By Parliament: Supreme Court
The courts cannot direct the government to notify a law passed by Parliament, the Supreme Court said today while dismissing a plea seeking implementation of certain provisions of the Insolvency and Bankruptcy Code.
-
Financial Creditors Take Maximum Risk, Need To Be Compensated: RBI
Amendments to India's bankruptcy law should focus on a financial creditor-led framework for resolution of stressed assets, the governor of the country's central bank said on Thursday.
-
Government To Amend Insolvency Law To Reduce Time Taken For Resolution Process
The government is preparing to amend the insolvency law as it looks to reduce the time taken for completion of resolution process of stressed assets and prevent significant erosion of value of the assets.
-
NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
-
Parliament Amends Insolvency Law To Protect COVID-Hit Companies
Parliament on Monday approved the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, whereby fresh insolvency proceedings will not be initiated for at least six months starting from March 25 in view of the coronavirus pandemic.
-
Parliament Passes Amendments To Insolvency And Bankruptcy Code Bill
Parliament today passed amendments to the insolvency law that will help ring-fence successful bidders of insolvent companies from risk of criminal proceedings for offences committed by previous promoters.
-
Lok Sabha Passes Amendments To Insolvency And Bankruptcy Code
Lok Sabha on Thursday passed amendments to the Insolvency and Bankruptcy Code, with the government asserting that the spirit behind the law is not to allow companies to die.
-
Nirmala Sitharaman Introduces Bill For Faster Resolution Of Bad Loans
The Government today introduced The Insolvency and Bankruptcy Code (Amendment) Bill 2019, that seeks to ensure timely completion of debt resolution process and provide more clarity on rights of stakeholders.
-
Mobile Operator Aircel Files For Bankruptcy
Billionaire T Ananda Krishnan's Aircel has filed for bankruptcy in the Mumbai branch of National Company Law Tribunal (NCLT), the bankruptcy and insolvency resolution court.
-
More Amendments Likely In Insolvency Law, Says Top Official
The insolvency law might be amended depending on recommendations of the panel reviewing issues related to the legislation, including those pertaining to home buyers, a senior government official said
-
More Amendments To Insolvency Law Likely, Says Report
A panel is working to identify and suggest ways to address issues faced in the implementation of the Insolvency and Bankruptcy Code.
-
Tycoons Set To Remake India Steel As $26 Billion Battle Heats Up
Insolvent producers including Monnet Ispat & Energy Ltd. are attracting potential bidders as prices of the material soar and creditors embark on the first significant test of a bankruptcy law that's intended to encourage asset sales.
-
New Norms for Handling Complaints Under Bankruptcy Code Notified
The filing fee will be refunded to the stakeholder in case the complaint is found to be not "frivolous or malicious", said the corporate affairs ministry.
-
Wilful Defaulters Can't Bid For Assets Under Amended Insolvency Law
The President gave his assent to an ordinance to amend the bankruptcy code.
-
Centre Clears Tighter Rules To Bar Loan Defaulters From Bidding For Firms
The cabinet on Wednesday approved amendments to the Insolvency and Bankruptcy Code with changes that are designed to prevent wilful defaulters from bidding for stressed assets, Finance Minister Arun Jaitley said.
