Bankruptcy And Insolvency Law
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Cannot Direct Government To Notify Law Passed By Parliament: Supreme Court
The courts cannot direct the government to notify a law passed by Parliament, the Supreme Court said today while dismissing a plea seeking implementation of certain provisions of the Insolvency and Bankruptcy Code.
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Financial Creditors Take Maximum Risk, Need To Be Compensated: RBI
Amendments to India's bankruptcy law should focus on a financial creditor-led framework for resolution of stressed assets, the governor of the country's central bank said on Thursday.
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Banks May Lose Out In Big Change Planned In Insolvency Law
The government seeks to achieve an "equitable scheme of distribution of proceeds," it said in a discussion paper issued in January that recommends other significant changes to the Insolvency and Bankruptcy Code.
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Government To Amend Insolvency Law To Reduce Time Taken For Resolution Process
The government is preparing to amend the insolvency law as it looks to reduce the time taken for completion of resolution process of stressed assets and prevent significant erosion of value of the assets.
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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
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Company Law Tribunal Orders Insolvency Proceedings Against National Textile Corporation
The National Company Law Tribunal (NCLT) has ordered to initiate insolvency proceedings against state-run National Textile Corporation
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Bank Of India Initiates Insolvency Proceedings Against Future Retail
Bank of India has moved the National Company Law Tribunal, filing a petition to initiate insolvency proceedings against debt-ridden Future Retail
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SEBI Restructures Market Data Advisory Committee; S Sahoo To Chair Panel
Rejigging its market data advisory committee, Sebi has said the panel will now be chaired by S Sahoo, Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India
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Only 394 Insolvency Cases Resolved Under Bankruptcy Law In Five Years
Five years since the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016 began, it has resolved only 394 cases.
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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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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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Credit Market's Big Worry After Bankruptcy Law Paused Over Virus Crisis
Credit investors are concerned that some weaker borrowers may use the temporary suspension of insolvency laws to delay payment
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Parliament Passes Amendments To Insolvency And Bankruptcy Code Bill
Parliament today passed amendments to the insolvency law that will help ring-fence successful bidders of insolvent companies from risk of criminal proceedings for offences committed by previous promoters.
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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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Cannot Direct Government To Notify Law Passed By Parliament: Supreme Court
The courts cannot direct the government to notify a law passed by Parliament, the Supreme Court said today while dismissing a plea seeking implementation of certain provisions of the Insolvency and Bankruptcy Code.
-
Financial Creditors Take Maximum Risk, Need To Be Compensated: RBI
Amendments to India's bankruptcy law should focus on a financial creditor-led framework for resolution of stressed assets, the governor of the country's central bank said on Thursday.
-
Banks May Lose Out In Big Change Planned In Insolvency Law
The government seeks to achieve an "equitable scheme of distribution of proceeds," it said in a discussion paper issued in January that recommends other significant changes to the Insolvency and Bankruptcy Code.
-
Government To Amend Insolvency Law To Reduce Time Taken For Resolution Process
The government is preparing to amend the insolvency law as it looks to reduce the time taken for completion of resolution process of stressed assets and prevent significant erosion of value of the assets.
-
NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
-
Company Law Tribunal Orders Insolvency Proceedings Against National Textile Corporation
The National Company Law Tribunal (NCLT) has ordered to initiate insolvency proceedings against state-run National Textile Corporation
-
Bank Of India Initiates Insolvency Proceedings Against Future Retail
Bank of India has moved the National Company Law Tribunal, filing a petition to initiate insolvency proceedings against debt-ridden Future Retail
-
SEBI Restructures Market Data Advisory Committee; S Sahoo To Chair Panel
Rejigging its market data advisory committee, Sebi has said the panel will now be chaired by S Sahoo, Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India
-
Only 394 Insolvency Cases Resolved Under Bankruptcy Law In Five Years
Five years since the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016 began, it has resolved only 394 cases.
-
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.
-
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
-
Credit Market's Big Worry After Bankruptcy Law Paused Over Virus Crisis
Credit investors are concerned that some weaker borrowers may use the temporary suspension of insolvency laws to delay payment
-
Parliament Passes Amendments To Insolvency And Bankruptcy Code Bill
Parliament today passed amendments to the insolvency law that will help ring-fence successful bidders of insolvent companies from risk of criminal proceedings for offences committed by previous promoters.
-
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...
