Amendment In Insolvency And Bankruptcy Code
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Monsoon Session: Centre To Introduce 24 Bills In Parliament
The Centre has listed 24 bills, including the Cantonment Bill, the Multi-State Cooperative Societies (Amendment) Bill and the Insolvency and Bankruptcy Code (Amendment) Bill, for introduction in the Monsoon Session of Parliament.
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Parliament Amends Insolvency Law To Protect COVID-Hit Companies
Parliament on Monday approved the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, whereby fresh insolvency proceedings will not be initiated for at least six months starting from March 25 in view of the coronavirus pandemic.
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Rajya Sabha Passes Amendment In Insolvency And Bankruptcy Code
The Rajya Sabha today passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, whereby fresh insolvency proceedings will not be initiated for at least six months starting from March 25 amid the coronavirus pandemic.
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Court Seeks Centre's Response On Plea Against Suspension Of Insolvency Laws
Centre had suspended insolvency proceedings for default in payments for a period of six months, starting 25 March
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Cabinet Clears Ordinance To Further Amend Insolvency Law
The bill, introduced in the Lok Sabha, seeks to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring-fenced from any risk of criminal proceedings for offences committed by previous promoters of the companies concerned.
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10 Things To Know About Latest Amendments To Insolvency And Bankruptcy Code (IBC)
The Union cabinet, chaired by Prime Minister Narendra Modi, on Wednesday cleared amendments to the Insolvency and Bankruptcy Code (IBC) to ease the insolvency resolution process and promote ease of doing business. Aimed at streamlining of the insolvency resolution process, the IBC Amendment Bill seeks to protect last-mile funding and boost investme...
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Supreme Court Upholds Homebuyers' Rights As Financial Creditors Under Insolvency Laws
In a major setback for property developers, the Supreme Court on Friday upheld the amendments to the Insolvency and Bankruptcy Code, granting homebuyers the status of financial creditors. The top court said the move does not infringe the rights of property developers. The Supreme Court also said homebuyers enjoy the same rights as financial credito...
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Centre Gives Nod To Amendments In Insolvency Law, Resolution Timeframe Increased
Experts said the changes would help in clearing various road blocks for resolution process and smoothen the process as well as save time
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5 Points On Bill To Amend Insolvency And Bankruptcy Code
A Bill to amend Insolvency and Bankruptcy Code, 2016, has been introduced in the Lok Sabha to bring relief to the home buyers and Micro, Small and Medium Enterprises or MSMEs. The Insolvency and Bankruptcy Code (Amendment) Ordinance will protect the buyers when builders declare bankruptcy for under-construction real estate projects. The Bill would ...
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President Clears IBC Ordinance: Home Buyers To Find It Easier To Recover Dues From Developers
In a big step to protect home-buyers, changes to the Insolvency and Bankruptcy Code (IBC) will come into force with President Ram Nath Kovind signing off on the government's ordinance or special order. The Insolvency and Bankruptcy Code (Amendment) Ordinance aims at saving the buyers when builders declare bankruptcy in the middle of a real estate p...
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Relief For Home Buyers: Cabinet Clears Ordinance For Bankruptcy Code Amendments
The Cabinet Approves ordinance to amend the Insolvency and Bankruptcy Code, which is likely to allow the home buyers to participate in an insolvency resolution process
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More Amendments Likely In Insolvency Law, Says Top Official
The insolvency law might be amended depending on recommendations of the panel reviewing issues related to the legislation, including those pertaining to home buyers, a senior government official said
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More Amendments To Insolvency Law Likely, Says Report
A panel is working to identify and suggest ways to address issues faced in the implementation of the Insolvency and Bankruptcy Code.
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Lok Sabha Passes Insolvency And Bankruptcy Code Amendment Bill
Loan defaulters can participate in bidding under the insolvency proceedings after paying due interest and making their bad loan accounts operational, Finance Minister Arun Jaitley said.
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Bankruptcy Code May Be Amended In Parliament's Winter Session
Cabinet approves ordinance to introduce certain changes to the Insolvency and Bankruptcy Code, said Finance Minister Arun Jaitley.
-
Monsoon Session: Centre To Introduce 24 Bills In Parliament
The Centre has listed 24 bills, including the Cantonment Bill, the Multi-State Cooperative Societies (Amendment) Bill and the Insolvency and Bankruptcy Code (Amendment) Bill, for introduction in the Monsoon Session of Parliament.
-
Parliament Amends Insolvency Law To Protect COVID-Hit Companies
Parliament on Monday approved the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, whereby fresh insolvency proceedings will not be initiated for at least six months starting from March 25 in view of the coronavirus pandemic.
-
Rajya Sabha Passes Amendment In Insolvency And Bankruptcy Code
The Rajya Sabha today passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, whereby fresh insolvency proceedings will not be initiated for at least six months starting from March 25 amid the coronavirus pandemic.
-
Court Seeks Centre's Response On Plea Against Suspension Of Insolvency Laws
Centre had suspended insolvency proceedings for default in payments for a period of six months, starting 25 March
-
Cabinet Clears Ordinance To Further Amend Insolvency Law
The bill, introduced in the Lok Sabha, seeks to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring-fenced from any risk of criminal proceedings for offences committed by previous promoters of the companies concerned.
-
10 Things To Know About Latest Amendments To Insolvency And Bankruptcy Code (IBC)
The Union cabinet, chaired by Prime Minister Narendra Modi, on Wednesday cleared amendments to the Insolvency and Bankruptcy Code (IBC) to ease the insolvency resolution process and promote ease of doing business. Aimed at streamlining of the insolvency resolution process, the IBC Amendment Bill seeks to protect last-mile funding and boost investme...
-
Supreme Court Upholds Homebuyers' Rights As Financial Creditors Under Insolvency Laws
In a major setback for property developers, the Supreme Court on Friday upheld the amendments to the Insolvency and Bankruptcy Code, granting homebuyers the status of financial creditors. The top court said the move does not infringe the rights of property developers. The Supreme Court also said homebuyers enjoy the same rights as financial credito...
-
Centre Gives Nod To Amendments In Insolvency Law, Resolution Timeframe Increased
Experts said the changes would help in clearing various road blocks for resolution process and smoothen the process as well as save time
-
5 Points On Bill To Amend Insolvency And Bankruptcy Code
A Bill to amend Insolvency and Bankruptcy Code, 2016, has been introduced in the Lok Sabha to bring relief to the home buyers and Micro, Small and Medium Enterprises or MSMEs. The Insolvency and Bankruptcy Code (Amendment) Ordinance will protect the buyers when builders declare bankruptcy for under-construction real estate projects. The Bill would ...
-
President Clears IBC Ordinance: Home Buyers To Find It Easier To Recover Dues From Developers
In a big step to protect home-buyers, changes to the Insolvency and Bankruptcy Code (IBC) will come into force with President Ram Nath Kovind signing off on the government's ordinance or special order. The Insolvency and Bankruptcy Code (Amendment) Ordinance aims at saving the buyers when builders declare bankruptcy in the middle of a real estate p...
-
Relief For Home Buyers: Cabinet Clears Ordinance For Bankruptcy Code Amendments
The Cabinet Approves ordinance to amend the Insolvency and Bankruptcy Code, which is likely to allow the home buyers to participate in an insolvency resolution process
-
More Amendments Likely In Insolvency Law, Says Top Official
The insolvency law might be amended depending on recommendations of the panel reviewing issues related to the legislation, including those pertaining to home buyers, a senior government official said
-
More Amendments To Insolvency Law Likely, Says Report
A panel is working to identify and suggest ways to address issues faced in the implementation of the Insolvency and Bankruptcy Code.
-
Lok Sabha Passes Insolvency And Bankruptcy Code Amendment Bill
Loan defaulters can participate in bidding under the insolvency proceedings after paying due interest and making their bad loan accounts operational, Finance Minister Arun Jaitley said.
-
Bankruptcy Code May Be Amended In Parliament's Winter Session
Cabinet approves ordinance to introduce certain changes to the Insolvency and Bankruptcy Code, said Finance Minister Arun Jaitley.
