Bankruptcy Code

N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.

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.

The Supreme Court upheld certain key provisions of the Insolvency and Bankruptcy Code which were challenged on grounds of being violative of fundamental rights like the right to equality of those against whom insolvency proceedings are initiated.

The Directorate of Enforcement has recorded 490 bank fraud cases related to non-performing assets (NPAs) of Rs 20 crore or more in the last 5 years under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).

In a written reply to Rajya Sabha, Minister of State for Civil Aviation V K Singh said the Directorate General of Civil Aviation (DGCA) has received applications from lessors for the deregistration of a total number of 54 aircraft leased to Go First.

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.

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.

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.

Crypto hedge fund Three Arrows Capital (3AC) is seeking protection from creditors in the United States under Chapter 15 of the US Bankruptcy Code

Indian economy could cross $5 trillion in 2026-27 and likely to become $20 trillion by 2040, Chief Economic Advisor Anantha V Nageswaran said

NCLT will hear Amazon's petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10

The National Company Law Tribunal (NCLT) has ordered to initiate insolvency proceedings against state-run National Textile Corporation

Bank of India has moved the National Company Law Tribunal, filing a petition to initiate insolvency proceedings against debt-ridden Future Retail

Lenders of debt-ridden Reliance Capital Ltd have decided upon the Request for Resolution Plan document

Government has said 43 large corporate debtors, each having total admitted claims of Rs 2,500 crore were resolved under IBC till December 31, 2021

N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.

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.

The Supreme Court upheld certain key provisions of the Insolvency and Bankruptcy Code which were challenged on grounds of being violative of fundamental rights like the right to equality of those against whom insolvency proceedings are initiated.

The Directorate of Enforcement has recorded 490 bank fraud cases related to non-performing assets (NPAs) of Rs 20 crore or more in the last 5 years under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).

In a written reply to Rajya Sabha, Minister of State for Civil Aviation V K Singh said the Directorate General of Civil Aviation (DGCA) has received applications from lessors for the deregistration of a total number of 54 aircraft leased to Go First.

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.

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.

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.

Crypto hedge fund Three Arrows Capital (3AC) is seeking protection from creditors in the United States under Chapter 15 of the US Bankruptcy Code

Indian economy could cross $5 trillion in 2026-27 and likely to become $20 trillion by 2040, Chief Economic Advisor Anantha V Nageswaran said

NCLT will hear Amazon's petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10

The National Company Law Tribunal (NCLT) has ordered to initiate insolvency proceedings against state-run National Textile Corporation

Bank of India has moved the National Company Law Tribunal, filing a petition to initiate insolvency proceedings against debt-ridden Future Retail

Lenders of debt-ridden Reliance Capital Ltd have decided upon the Request for Resolution Plan document

Government has said 43 large corporate debtors, each having total admitted claims of Rs 2,500 crore were resolved under IBC till December 31, 2021