Insolvency And Bankruptcy Code Ordinance
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Court Seeks Centre's Response On Plea Against Suspension Of Insolvency Laws
Centre had suspended insolvency proceedings for default in payments for a period of six months, starting 25 March
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Government To Suspend Fresh Insolvency Proceedings Up To One Year: Report
Sources said an ordinance would be promulgated to suspend three sections of IBC for up to one year
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Cabinet Approves Ordinance For Amendment To IBC
"Under the amendments, the liability of a corporate debtor for an offence committed prior to the commencement of the corporate insolvency resolution process shall cease, and the corporate debtor shall not be prosecuted for such an offence from the date the resolution plan has been approved by the adjudicating authority," an official statement said.
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Cabinet Clears Ordinance To Further Amend Insolvency Law
The bill, introduced in the Lok Sabha, seeks to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring-fenced from any risk of criminal proceedings for offences committed by previous promoters of the companies concerned.
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5 Points On Bill To Amend Insolvency And Bankruptcy Code
A Bill to amend Insolvency and Bankruptcy Code, 2016, has been introduced in the Lok Sabha to bring relief to the home buyers and Micro, Small and Medium Enterprises or MSMEs. The Insolvency and Bankruptcy Code (Amendment) Ordinance will protect the buyers when builders declare bankruptcy for under-construction real estate projects. The Bill would ...
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President Clears IBC Ordinance: Home Buyers To Find It Easier To Recover Dues From Developers
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...
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Home Buyers To Be Treated As Creditors; President Okays IBC Ordinance
The ordinance provides significant relief to home buyers by recognising their status as financial creditors.
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Relief For Home Buyers: Cabinet Clears Ordinance For Bankruptcy Code Amendments
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
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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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President Approves Ordinance To Amend Bankruptcy Code
President Ram Nath Kovind had given clearance for the amendments, which follow cabinet approval on Wednesday, said the finance ministry.
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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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Bankruptcy Code May Be Amended In Parliament's Winter Session
Cabinet approves ordinance to introduce certain changes to the Insolvency and Bankruptcy Code, said Finance Minister Arun Jaitley.
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Defaulters Beware, Banking Act Amended In Fight Against Bad Loans
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.
-
Court Seeks Centre's Response On Plea Against Suspension Of Insolvency Laws
Centre had suspended insolvency proceedings for default in payments for a period of six months, starting 25 March
-
Government To Suspend Fresh Insolvency Proceedings Up To One Year: Report
Sources said an ordinance would be promulgated to suspend three sections of IBC for up to one year
-
Cabinet Approves Ordinance For Amendment To IBC
"Under the amendments, the liability of a corporate debtor for an offence committed prior to the commencement of the corporate insolvency resolution process shall cease, and the corporate debtor shall not be prosecuted for such an offence from the date the resolution plan has been approved by the adjudicating authority," an official statement said.
-
Cabinet Clears Ordinance To Further Amend Insolvency Law
The bill, introduced in the Lok Sabha, seeks to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring-fenced from any risk of criminal proceedings for offences committed by previous promoters of the companies concerned.
-
5 Points On Bill To Amend Insolvency And Bankruptcy Code
A Bill to amend Insolvency and Bankruptcy Code, 2016, has been introduced in the Lok Sabha to bring relief to the home buyers and Micro, Small and Medium Enterprises or MSMEs. The Insolvency and Bankruptcy Code (Amendment) Ordinance will protect the buyers when builders declare bankruptcy for under-construction real estate projects. The Bill would ...
-
President Clears IBC Ordinance: Home Buyers To Find It Easier To Recover Dues From Developers
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...
-
Home Buyers To Be Treated As Creditors; President Okays IBC Ordinance
The ordinance provides significant relief to home buyers by recognising their status as financial creditors.
-
Relief For Home Buyers: Cabinet Clears Ordinance For Bankruptcy Code Amendments
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
-
Wilful Defaulters Can't Bid For Assets Under Amended Insolvency Law
The President gave his assent to an ordinance to amend the bankruptcy code.
-
President Approves Ordinance To Amend Bankruptcy Code
President Ram Nath Kovind had given clearance for the amendments, which follow cabinet approval on Wednesday, said the finance ministry.
-
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.
-
Bankruptcy Code May Be Amended In Parliament's Winter Session
Cabinet approves ordinance to introduce certain changes to the Insolvency and Bankruptcy Code, said Finance Minister Arun Jaitley.
-
Defaulters Beware, Banking Act Amended In Fight Against Bad Loans
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.
