Bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.
21 Oct 2019 9:58 AM
The decision was taken after a meeting of the State Bank of India-led consortium of lenders.
17 Jun 2019 6:34 PM
New framework provides some leeway to lenders and encourages them to refer cases to IBC, said SBI in its report.
11 Jun 2019 7:10 PM
A decisive majority assures foreign investors for whom continuity, policy stability are key investment considerations, S&P said.
27 May 2019 3:42 PM
Around 19 of the 21 state-run banks reported losses for the fiscal, including country's largest lender SBI.
01 Jun 2018 3:36 PM
As operational creditors, home buyers’ inte-rests are not fully optimised up till now.
25 May 2018 1:31 AM
Under the code, financial creditor implies any person to whom a financial debt is owed.
24 May 2018 1:43 AM
The Reserve Bank in 2017 to get resolved under the Insolvency and Bankruptcy Code.
18 Apr 2018 7:22 AM
The ordinance is primarily aimed at safeguarding the public money from being misused by dishonest businesses.
28 Nov 2017 4:16 PM
Amendments to insolvency law need to be approved by Parliament in its next session beginning Dec 15.
24 Nov 2017 4:04 PM
Over 300 cases have already been approved by NCLT to be taken up under the law.
23 Nov 2017 4:42 PM
Cabinet okays ordinance to amend Insolvency and Bankruptcy code.
23 Nov 2017 2:59 AM
SBI had conceded that it will require more provisions but ruled out big impact on profits.
18 Jul 2017 2:31 PM
Investigation authority has to serve a notice intimating the entity concerned about the probe at least ten days in advance.
16 Jul 2017 12:36 PM
Banking sector is saddled with NPAs of over Rs 8 lakh crore, of which Rs 6 lakh crore is on the books of PSBs.
17 Jun 2017 12:47 PM