Bankruptcy Code

Wednesday, Apr 24, 2024 | Last Update : 04:59 PM IST

Finance Minister Nirmala Sitharaman (Photo: File)

No need to escalate one case to reflect everything to do with IBC: Sitharaman

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

After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received, SBI said in a statement. (Photo: AFP/File)

Banks give up on Jet Airways revival,choose to send it to NCLT

The decision was taken after a meeting of the State Bank of India-led consortium of lenders.

17 Jun 2019 6:34 PM

The RBI came out with a revised prudential framework for resolution of stressed assets after its February 2018 circular in this regard was struck down by the Supreme Court.

New RBI norms to give more lenders headroom to resolve large NPAs: Report

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

Prime Minister Narendra Modi-led BJP has won 303 seats out of 542 in 2019 Lok Sabha elections. (Photo: File | PTI)

Reform potential of new government to improve foreign capital flow: S&P

A decisive majority assures foreign investors for whom continuity, policy stability are key investment considerations, S&P said.

27 May 2019 3:42 PM

Losses by state-run banks have almost entirely wiped out the USD 13-billion capital infusion by the government, and the situation is unlikely to improve in the current fiscal year.

State-run banks wiped out the USD 13-billion capital infusion by the govt

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

With the proposed revision, home buyers will be equally treated with financial lenders in the liquidation proceeds of the defaulting builder.

IBC tweak to help homebuyers, to hit lenders

As operational creditors, home buyers’ inte-rests are not fully optimised up till now.

25 May 2018 1:31 AM

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 will protect the interest of home buyers by treating them as financial creditors which will make it easier for them to recover their investments.

Cabinet lets home buyers have creditors tag in IBC

Under the code, financial creditor implies any person to whom a financial debt is owed.

24 May 2018 1:43 AM

The approved resolution plan will come into force with immediate effect, according to the order. (Representational image)

NCLT okays Electrosteel’s Resolution plan

The Reserve Bank in 2017 to get resolved under the Insolvency and Bankruptcy Code.

18 Apr 2018 7:22 AM

The bankruptcy ordinance promulgated by the President last week will pave the way for clean business by putting a premium on integrity, a senior finance ministry official said on Tuesday. (Representational Image)

Bankruptcy ordinance puts premium on integrity, promotes clean biz: FinMin

The ordinance is primarily aimed at safeguarding the public money from being misused by dishonest businesses.

28 Nov 2017 4:16 PM

Ordinance aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of IBC.

New IBC provisions to deepen losses for banks: report

Amendments to insolvency law need to be approved by Parliament in its next session beginning Dec 15.

24 Nov 2017 4:04 PM

The ordinance aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of the Code.

Wilful defaulters barred from bidding under insolvency law

Over 300 cases have already been approved by NCLT to be taken up under the law.

23 Nov 2017 4:42 PM

Defaulters barred from auction

Cabinet okays ordinance to amend Insolvency and Bankruptcy code.

23 Nov 2017 2:59 AM

The extra provisioning, which directly impacts the bottomlines, will eat into banks profits by around 25 per cent in FY18.

IBC: Banks to set aside Rs 18,000 cr in FY18, expect 25 per cent profit

SBI had conceded that it will require more provisions but ruled out big impact on profits.

18 Jul 2017 2:31 PM

IP entities are generally limited companies or limited liability partnerships registered with the IBBI.

IBBI notifies regulations for probe under bankruptcy code

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

RBI is likely to spell out detailed measures to rein in NPAs and share a possible timeline to bring them down to the acceptable level.

NPA resolution: PMO to review progress on June 19

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

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Sanjeev Ahluwalia

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