Rs 75,000 Crore Recovered Under Bankruptcy Code Till March 2019: Report
Business | Indo-Asian News Service | Friday May 3, 2019
The total recovery as of March-end stood at Rs 75,000 crore, against the total claim of Rs 1.75 lakh crore by financial creditors.
Lenders Invoke IBC Norms To Keep Stressed Assets In Tribunal: Report
Business | Indo-Asian News Service | Friday April 19, 2019
With relation to Avantha Power (Jhabua) an Rs 100 crore settlement for PFC got stalled after one of the operational creditors took the asset to NCLT.
Centre Willing For Changes In Insolvency And Bankruptcy Code
India News | Indo-Asian News Service | Friday August 3, 2018
The government is willing to make further changes to the Insolvency and Bankruptcy Code (IBC) which has become a game changer in resolving the massive non-performing assets (NPAs), or bad loans, problem of India's banks and creating a market for stressed assets, a senior official said on Friday.
Allahabad Bank Refers 65 Bad Loan Accounts To Tribunal For IBC Resolution
Business | Indo-Asian News Service | Monday June 11, 2018
Allahabad Bank said the number of "wilful defaulters" declared by the bank stood at 257, a two-and half-fold jump from March 2017 figure of 101.
President Clears IBC Ordinance: Home Buyers To Find It Easier To Recover Dues From Developers
Business | NDTV Profit Team | Wednesday June 6, 2018
In a big step to protect home-buyers, changes to the Insolvency and Bankruptcy Code (IBC) will come into force with President Ram Nath Kovind signing off on the government's ordinance or special order. The Insolvency and Bankruptcy Code (Amendment) Ordinance aims at saving the buyers when builders declare bankruptcy in the middle of a real estate p...
Relief For Home Buyers: Cabinet Clears Ordinance For Bankruptcy Code Amendments
Business | NDTV Profit Team | Wednesday May 23, 2018
The Cabinet Approves ordinance to amend the Insolvency and Bankruptcy Code, which is likely to allow the home buyers to participate in an insolvency resolution process
'Rs 4 Lakh Crore Bad Loans Have Returned Due To Insolvency System'
Business | Indo-Asian News Service | Wednesday April 4, 2018
The figure was revealed by Corporate Affairs Secretary Injeti Srinivas.
RBI Lowers Economic Forecast To 6.6% For Fiscal 2018
Business | Press Trust of India | Wednesday February 7, 2018
The statement issued after the 2-day meeting of the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India also said that recapitalisation of public sector banks along with resolution of stressed assets under the Insolvency and Bankruptcy Code (IBC) will create demand for fresh investments.
12 Defaulters Identified By RBI To Be Named Soon: Finance Ministry
Business | Press Trust of India | Wednesday June 14, 2017
The Finance Ministry further said that NCLT was being strengthened to fast track bankruptcy proceedings under the Insolvency and Bankruptcy Code (IBC).
Defaulters Beware, Banking Act Amended In Fight Against Bad Loans
Business | Agencies | Saturday May 6, 2017
The ordinance authorises the Reserve Bank to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default under the provisions of the Insolvency and Bankruptcy Code (IBC), 2016.
Rs 75,000 Crore Recovered Under Bankruptcy Code Till March 2019: Report
Business | Indo-Asian News Service | Friday May 3, 2019
The total recovery as of March-end stood at Rs 75,000 crore, against the total claim of Rs 1.75 lakh crore by financial creditors.
Lenders Invoke IBC Norms To Keep Stressed Assets In Tribunal: Report
Business | Indo-Asian News Service | Friday April 19, 2019
With relation to Avantha Power (Jhabua) an Rs 100 crore settlement for PFC got stalled after one of the operational creditors took the asset to NCLT.
Centre Willing For Changes In Insolvency And Bankruptcy Code
India News | Indo-Asian News Service | Friday August 3, 2018
The government is willing to make further changes to the Insolvency and Bankruptcy Code (IBC) which has become a game changer in resolving the massive non-performing assets (NPAs), or bad loans, problem of India's banks and creating a market for stressed assets, a senior official said on Friday.
Allahabad Bank Refers 65 Bad Loan Accounts To Tribunal For IBC Resolution
Business | Indo-Asian News Service | Monday June 11, 2018
Allahabad Bank said the number of "wilful defaulters" declared by the bank stood at 257, a two-and half-fold jump from March 2017 figure of 101.
President Clears IBC Ordinance: Home Buyers To Find It Easier To Recover Dues From Developers
Business | NDTV Profit Team | Wednesday June 6, 2018
In a big step to protect home-buyers, changes to the Insolvency and Bankruptcy Code (IBC) will come into force with President Ram Nath Kovind signing off on the government's ordinance or special order. The Insolvency and Bankruptcy Code (Amendment) Ordinance aims at saving the buyers when builders declare bankruptcy in the middle of a real estate p...
Relief For Home Buyers: Cabinet Clears Ordinance For Bankruptcy Code Amendments
Business | NDTV Profit Team | Wednesday May 23, 2018
The Cabinet Approves ordinance to amend the Insolvency and Bankruptcy Code, which is likely to allow the home buyers to participate in an insolvency resolution process
'Rs 4 Lakh Crore Bad Loans Have Returned Due To Insolvency System'
Business | Indo-Asian News Service | Wednesday April 4, 2018
The figure was revealed by Corporate Affairs Secretary Injeti Srinivas.
RBI Lowers Economic Forecast To 6.6% For Fiscal 2018
Business | Press Trust of India | Wednesday February 7, 2018
The statement issued after the 2-day meeting of the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India also said that recapitalisation of public sector banks along with resolution of stressed assets under the Insolvency and Bankruptcy Code (IBC) will create demand for fresh investments.
12 Defaulters Identified By RBI To Be Named Soon: Finance Ministry
Business | Press Trust of India | Wednesday June 14, 2017
The Finance Ministry further said that NCLT was being strengthened to fast track bankruptcy proceedings under the Insolvency and Bankruptcy Code (IBC).
Defaulters Beware, Banking Act Amended In Fight Against Bad Loans
Business | Agencies | Saturday May 6, 2017
The ordinance authorises the Reserve Bank to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default under the provisions of the Insolvency and Bankruptcy Code (IBC), 2016.
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