Bankruptcy Code To Parliament

The Centre has listed 24 bills, including the Cantonment Bill, the Multi-State Cooperative Societies (Amendment) Bill and the Insolvency and Bankruptcy Code (Amendment) Bill, for introduction in the Monsoon Session of Parliament.

Finance Minister Nirmala Sitharaman in her reply said, "I will ensure we are also working to fill the vacancies in the (NCLT) benches..So, I do not want you to worry about vacancies and causing any further delay."

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 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.

The winter session of the parliament entered day 9 following the passage of the -historic- triple talaq bill in the Lok Sabha on December 28th. The bill makes instant "triple talaq" a criminal offence and proposes a three-year jail term for a Muslim man who divorces his wife by uttering the word "talaq" thrice. The bill will now be tabled in the Ra...

Cabinet approves ordinance to introduce certain changes to the Insolvency and Bankruptcy Code, said Finance Minister Arun Jaitley.

Indian shares rose on Thursday, led by lenders such as State Bank of India, after the country's upper house of parliament passed a new bankruptcy code to address corporate debts and improve the ease of doing business.

Parliament today passed a bill that seeks to create time-bound processes for insolvency resolution of companies and individuals.

The Rajya Sabha passed a new bankruptcy code on Wednesday, as the opposition swung behind measures to take tougher action against corporate defaulters and help banks recover over $120 billion (nearly Rs 8 lakh crore at $1 = Rs 66) in troubled loans.

Parliament may soon clear a new law to deal with bankruptcy.

Finance Minister Arun Jaitley on Wednesday said the Joint Parliament Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament.

The government on Monday introduced a Bill in parliament aimed at bringing sweeping changes to an outdated and overburdened bankruptcy system, setting deadlines for the first time for processing insolvency cases.

The Insolvency and Bankruptcy Code, which aims to modernize the process of liquidation or revival of companies, was introduced in Lok Sabha on Monday. Commonly called the Bankruptcy Code, the legislation is an important step towards improving the ease of doing business in India. Finance Minister Arun Jaitley said that he will "push" for the insolve...

The government is likely to introduce legislations on Aadhaar and bankruptcy code as money bills with a view to ensuring their smooth passage in Parliament. "We will bring as many legislation as possible in the form of Money Bills. We will follow the same procedure for the bankruptcy law," a senior Finance Ministry official said.

The spotlight of the market now shifts to the winter session of Parliament which begins on November 26. Market participants would be watching the progress on crucial pending legislative bills like GST (Goods and Services Tax), bankruptcy code and land acquisition.

The Centre has listed 24 bills, including the Cantonment Bill, the Multi-State Cooperative Societies (Amendment) Bill and the Insolvency and Bankruptcy Code (Amendment) Bill, for introduction in the Monsoon Session of Parliament.

Finance Minister Nirmala Sitharaman in her reply said, "I will ensure we are also working to fill the vacancies in the (NCLT) benches..So, I do not want you to worry about vacancies and causing any further delay."

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 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.

The winter session of the parliament entered day 9 following the passage of the -historic- triple talaq bill in the Lok Sabha on December 28th. The bill makes instant "triple talaq" a criminal offence and proposes a three-year jail term for a Muslim man who divorces his wife by uttering the word "talaq" thrice. The bill will now be tabled in the Ra...

Cabinet approves ordinance to introduce certain changes to the Insolvency and Bankruptcy Code, said Finance Minister Arun Jaitley.

Indian shares rose on Thursday, led by lenders such as State Bank of India, after the country's upper house of parliament passed a new bankruptcy code to address corporate debts and improve the ease of doing business.

Parliament today passed a bill that seeks to create time-bound processes for insolvency resolution of companies and individuals.

The Rajya Sabha passed a new bankruptcy code on Wednesday, as the opposition swung behind measures to take tougher action against corporate defaulters and help banks recover over $120 billion (nearly Rs 8 lakh crore at $1 = Rs 66) in troubled loans.

Parliament may soon clear a new law to deal with bankruptcy.

Finance Minister Arun Jaitley on Wednesday said the Joint Parliament Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament.

The government on Monday introduced a Bill in parliament aimed at bringing sweeping changes to an outdated and overburdened bankruptcy system, setting deadlines for the first time for processing insolvency cases.

The Insolvency and Bankruptcy Code, which aims to modernize the process of liquidation or revival of companies, was introduced in Lok Sabha on Monday. Commonly called the Bankruptcy Code, the legislation is an important step towards improving the ease of doing business in India. Finance Minister Arun Jaitley said that he will "push" for the insolve...

The government is likely to introduce legislations on Aadhaar and bankruptcy code as money bills with a view to ensuring their smooth passage in Parliament. "We will bring as many legislation as possible in the form of Money Bills. We will follow the same procedure for the bankruptcy law," a senior Finance Ministry official said.

The spotlight of the market now shifts to the winter session of Parliament which begins on November 26. Market participants would be watching the progress on crucial pending legislative bills like GST (Goods and Services Tax), bankruptcy code and land acquisition.