Wednesday, May 22, 2024 | Last Update : 07:59 AM IST

insolvency and bankruptcy code

Rajya Sabha adjourned for day, passes Insolvency and Bankruptcy Code Bill

The chair called Amar Patnaik (BJD) to initiate the debate on the bill

03 Aug 2021 4:05 PM

Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecution

The move will help make the insolvency process more attractive for the bidders and instil confidence in them, sources said.

24 Nov 2019 5:29 PM

Sitharaman promises further GST simplification to help India improve biz ranking

India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50.

24 Oct 2019 4:07 PM

Indian economy in transition phase, growth to come back: SBI Chairman

Growth can come back. Because of a lot of (reforms), economy is in transition, said SBI chief Rajnish Kumar.

24 Oct 2019 12:36 PM

Govt mulls raising Rs 1 lakh default threshold for invoking IBC: Srinivas

The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti Srinivas.

14 Oct 2019 10:18 PM


Govt plans loan waiver for 'small distressed borrowers' under insolvency law

The proposed waiver would be offered as part of 'Fresh Start' provisions under the Insolvency and Bankruptcy Code.

18 Aug 2019 2:17 PM

Syndicate Bank expects Rs 4,000 cr from NPA recovery in FY20

The bank has recovered about Rs 800 crore in the first quarter, said Syndicate Bank MD Mrutyunjay Mahapatra.

12 Aug 2019 5:06 PM

Homebuyers can file insolvency cases: Supreme Court

The court described remedies under the Consumer Protection Act, 1986, and RERA as “concurrent remedies”.

10 Aug 2019 1:24 AM

SC upholds IBC amendments, status of homebuyers as financial creditors

The bench said only genuine homebuyers can invoke insolvency proceedings against the builder.

09 Aug 2019 12:09 PM

NCLAT expresses displeasure over delay in IL&FS resolution

NCLAT directed Corporate Affairs Ministry and IL&FS group to file a fresh progress report by September 3.

08 Aug 2019 8:43 PM


Jet Airways employees seek interim financial relief

AK Mohanty said one month's salary should be released to Jet Airways employees for their basic survival.

06 Aug 2019 3:46 PM

Rajya Sabha approves Insolvency and Bankruptcy Code (Amendment) Bill, 2019

Manish Gupta supported the Bill but added that the Bill should have been referred to a parliamentary panel for further scrutiny.

30 Jul 2019 9:47 AM

By March 2020, banks’ gross NPAs to reduce to 8 per cent

The banking system saw gross NPAs reaching a peak of 11.5 per cent in March 2018. In March 2019 NPAs stood at 9.3 per cent.

27 Jun 2019 2:00 PM

Jet Air lands in NCLT as banks give up on revival

The decision was taken after a meeting of the lenders, as they have not yet received any concrete proposal for the airline.

18 Jun 2019 6:39 AM

RBI's new prudential framework for stressed asset resolution credit positive: Moody's

RBI issued a framework for resolution of stressed assets, which give banks 30 days to review a borrower account before labelling it NPA.

10 Jun 2019 11:21 AM


Singapore can become major investor in India's stressed assets, says envoy

A large part of existing investment is Singapore's government linked funds and private equity funds in India.

07 Jun 2019 12:50 PM

New NPA resolution norms soon

The SC had clarified that the Centre has to authorise the RBI to issue direction to banks/non-banks if it were an insolvency case.

07 Jun 2019 6:56 AM

‘Haircut compared to amount due, but bonus compared to liquidation value’

According to Sahoo, the resolution plans have yielded about 200 per cent of liquidation value for creditors.

04 Jun 2019 2:17 AM

Public sector banks recover Rs 1.2 lakh cr from bad loans in 2018-19

Banks recovered close to Rs 55,000 crore from the NCLT resolution, an official said.

25 May 2019 1:12 PM

IBC process helps recover Rs 70,000 cr bad loans in FY19: Report

The recovery rate for the 94 cases resolved through IBC by FY2018-19 is 43 per cent.

15 May 2019 8:49 AM