The objective of IBC is to rescue viable companies and close down unviable ones, IBBI chief M S Sahoo said.
04 May 2019 2:49 PM
Jaypee Group's promoters too are keen to retain control over its realty arm and have submitted debt resolution plan under IBC.
04 May 2019 10:44 AM
Running into debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily.
21 Apr 2019 11:34 AM
Claims totalling a little over Rs 1.42 trillion were admitted in 88 cases under IBC till Feb 28, IBBI data showed.
15 Apr 2019 2:02 PM
Panagariya said government has managed to accelerate outcomes in sectors like roads, railways, waterways, aviation and digitisation.
14 Apr 2019 3:45 PM
Insolvency and Bankruptcy Code provides a framework for market-driven and time-bound resolution process.
31 Mar 2019 4:54 PM
Corporate Affairs Secretary Injeti Srinivas said the NCLT has been very expeditious in disposing cases related to insolvency.
26 Mar 2019 12:42 PM
In afternoon trade, shares of Jet Airways rose nearly three per cent to Rs 232.35 on the BSE.
25 Mar 2019 1:36 PM
NCLAT also said that its order would not debate Liberty House in participating in other resolution processes.
08 Mar 2019 12:55 PM
Injeti Srinivas was speaking at the inaugural session of a three-day international conference on 'Insolvency and Bankruptcy Laws'.
01 Mar 2019 4:14 PM
On the issue of non-performing assets (NPAs), he said the curve is going down.
01 Mar 2019 11:42 AM
The bank's net profit rose 7.12 per cent to Rs 247 crore in the three months to December 2018.
28 Feb 2019 5:32 PM
ADIA has committed USD 500 million for the special situations fund, while Kotak will invest the remaining.
28 Feb 2019 5:21 PM
The potential share issue could have hiked the JMARC’s stake in Leela Venture to 75 per cent from the current 26 per cent.
26 Feb 2019 2:21 PM
Srinivas also said a time would come when the Code becomes the last resort to deal with stressed assets.
26 Feb 2019 2:18 PM
There’s also a need to set up a Public Credit Registry swiftly that would offer information on a borrower’s creditworthiness.
30 Dec 2018 12:10 AM
Banks with capital will get going and those without it will be punished by the ecosystem.
07 Dec 2018 12:22 PM
Jaitley said the rising oil prices, too, pose a challenge for the economy, since India is a net importer of crude oil.
28 Sep 2018 12:56 PM
PNB will go for the NCLT route of recovery rather than debt restructuring with companies.
29 Aug 2018 9:22 AM
The data available with the BSE shows that 75 firms are undergoing insolvency process as per the IBC.
09 Jun 2018 5:36 PM