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Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Insolvency law help address Rs 3 lakh cr stressed assets in 2 yrs:...

Over 3,500 cases have been resolved at pre-admission stage and resulted in claims worth Rs 1.2 lakh crore getting...

24 Nov 2018 10:31 AM GMT

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Insolvency law's objective is reorganisation of defaulting firms:...

Insolvency and Bankruptcy Code provides a framework for market-driven and time-bound resolution process.

31 March 2019 11:24 AM GMT

$Addressing a conference on Insolvency and Bankruptcy Code (IBC) at Hong Kong on Thursday, IBBI chief MS Sahoo observed that \in addition to rescuing viable firms, which is the sole objective of IBC; resolution plans under IBC have yielded 200 per cent of liquidation value for creditors.\$ Business

Resolution plans under IBC have yielded 200 pc of liquidation value:...

IBBI chief MS Sahoo noted that the repayment of debt is no longer an option, as tolerance for default has disappeared.

26 April 2019 10:09 AM GMT

The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon. (Representational Image)

Creditors recover nearly half of total claims in 88 insolvency cases

Claims totalling a little over Rs 1.42 trillion were admitted in 88 cases under IBC till Feb 28, IBBI data showed.

15 April 2019 8:32 AM GMT

The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon. (Representational Image)

SC ruling does not disturb creditors' rights to insolvency...

In view of the judgement, a bank-creditor needs to ask itself when it should initiate proceeding and justify itself,...

7 April 2019 1:21 PM GMT

The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon. (Representational Image)

Dangerous to let viable cos close down: IBBI chief

The objective of IBC is to rescue viable companies and close down unviable ones, IBBI chief M S Sahoo said.

4 May 2019 9:19 AM GMT

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Economic Survey: Debt recovery strengthened, claims of Rs 1.73 lakh cr...

The Survey said that IBC has initiated a cultural shift in the dynamics between lender and borrower, promoter and...

4 July 2019 10:01 AM GMT

According to civic officials, the earlier system was to charge property tax on the entire building or housing society.

Home buyers to be treated as financial creditors, Prez okays IBC...

The ordinance would give home buyers due representation in Committee of Creditors and make them integral part of...

6 Jun 2018 1:08 PM GMT

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

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...

16 July 2017 7:06 AM GMT