India Bankruptcy Law
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IREDA Files Bankruptcy Proceeding Against Gensol Engineering
Indian Renewable Energy Development Agency (Ireda) on Wednesday said it filed a bankruptcy application against beleaguered Gensol Engineering before the National Company Law Tribunal.
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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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Go First Extends Flight Cancellation Till November 30 Citing ''Operational Reasons''
Earlier on May 2, Go First cancelled its flights and filed for voluntary bankruptcy before the National Company Law Tribunal (NCLT).
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Go First Struggles To Resume Operations, Flight Cancellation Extended Till July 10
The airline operator filed for voluntary bankruptcy in early May before the National Company Law Tribunal.
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Go First Struggles To Resume Ops, Extends Flight Cancellations Till June 25
Crisis-hit airline Go First on Wednesday announced that its scheduled flight operations will remain cancelled till June 25 due to operational reasons. Earlier, the airline said that operations would remain cancelled till June 22.
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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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"I Bow Down...": What Outgoing Chief Justice NV Ramana Said On Last Day In Office
On his final day as CJI, NV Ramana delivered judgements on the PIL seeking a ban on 'election freebies', the 2007 Gorakhpur riots case, the Karnataka mining case, Rajasthan mining lease issue and liquidation regulations under bankruptcy law
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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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Relief For Firms Amid Lockdown, Changes To Bankruptcy Law Likely Soon
A new law to spare companies hit by the coronavirus lockdown bankruptcy is expected to be cleared by the government through a special order or ordinance.
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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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Reliance Communications Moves Appellate Court to Withdraw Ericsson Appeal
RCom said on Friday it will seek fast-track resolution of its debt through the National Company Law Tribunal (NCLT), the country's court that deals with bankruptcy cases.
-
IREDA Files Bankruptcy Proceeding Against Gensol Engineering
Indian Renewable Energy Development Agency (Ireda) on Wednesday said it filed a bankruptcy application against beleaguered Gensol Engineering before the National Company Law Tribunal.
-
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.
-
Go First Extends Flight Cancellation Till November 30 Citing ''Operational Reasons''
Earlier on May 2, Go First cancelled its flights and filed for voluntary bankruptcy before the National Company Law Tribunal (NCLT).
-
Go First Struggles To Resume Operations, Flight Cancellation Extended Till July 10
The airline operator filed for voluntary bankruptcy in early May before the National Company Law Tribunal.
-
Go First Struggles To Resume Ops, Extends Flight Cancellations Till June 25
Crisis-hit airline Go First on Wednesday announced that its scheduled flight operations will remain cancelled till June 25 due to operational reasons. Earlier, the airline said that operations would remain cancelled till June 22.
-
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.
-
"I Bow Down...": What Outgoing Chief Justice NV Ramana Said On Last Day In Office
On his final day as CJI, NV Ramana delivered judgements on the PIL seeking a ban on 'election freebies', the 2007 Gorakhpur riots case, the Karnataka mining case, Rajasthan mining lease issue and liquidation regulations under bankruptcy law
-
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.
-
Relief For Firms Amid Lockdown, Changes To Bankruptcy Law Likely Soon
A new law to spare companies hit by the coronavirus lockdown bankruptcy is expected to be cleared by the government through a special order or ordinance.
-
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.
-
Reliance Communications Moves Appellate Court to Withdraw Ericsson Appeal
RCom said on Friday it will seek fast-track resolution of its debt through the National Company Law Tribunal (NCLT), the country's court that deals with bankruptcy cases.
