Insolvency And Bankruptcy Code Ibc
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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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India Could Be A $20 Trillion Dollar Economy By 2040: Chief Economic Advisor
Indian economy could cross $5 trillion in 2026-27 and likely to become $20 trillion by 2040, Chief Economic Advisor Anantha V Nageswaran said
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NCLT To Take Up Amazon's Plea Against Future Group's Insolvency Proceedings On June 10
NCLT will hear Amazon's petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10
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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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Government Says 43 Corporate Debtors' Cases Resolved Under Bankruptcy Code
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
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RBI Files Application For Initiating Insolvency Proceedings Against Reliance Capital
RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process against debt-ridden Reliance Capital
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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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Top Court Upholds Centre's Order, Permits Banks To Proceed Against Personal Guarantors Under IBC
Upholding the validity of the notification, the top court ruled that initiation of an insolvency resolution plan for a company does not absolve corporate guarantees given by individuals from paying up the dues to financial institutions.
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Supreme Court To Decide On Transferring Pending Personal Insolvency Cases To Itself
The Supreme Court Wednesday said it will pass orders on a batch of pleas filed by Insolvency and Bankruptcy Board of India (IBBI) seeking the transfer of all petitions pending before different high courts challenging the provisions of Insolvency and Bankruptcy Code (IBC) with regard to personal insolvency.
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Insolvency Proceedings Against Corporate Debtors, Personal Guarantors Can Go Together: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman clarified that Insolvency and Bankruptcy Code proceedings against corporates defaulting on loans prior to March 25 would continue.
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Banks Free To Restructure Loans, But Can't Penalise Borrowers, Supreme Court Told
Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the ...
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Delhi High Court Stays Insolvency Proceedings Against Anil Ambani Upon SBI's Claims
NCLT appointed a bankruptcy administrator to verify SBI's claim that Mr Ambani offered personal guarantees to seek loans from the lender
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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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Government To Halt New Insolvency Proceedings For A Year Amid COVID-19: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said the government has already raised the minimum threshold for initiating IBC proceedings from Rs 1 lakh to Rs 1 crore.
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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.
-
India Could Be A $20 Trillion Dollar Economy By 2040: Chief Economic Advisor
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 To Take Up Amazon's Plea Against Future Group's Insolvency Proceedings On June 10
NCLT will hear Amazon's petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10
-
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
-
Government Says 43 Corporate Debtors' Cases Resolved Under Bankruptcy Code
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
-
RBI Files Application For Initiating Insolvency Proceedings Against Reliance Capital
RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process against debt-ridden Reliance Capital
-
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.
-
Top Court Upholds Centre's Order, Permits Banks To Proceed Against Personal Guarantors Under IBC
Upholding the validity of the notification, the top court ruled that initiation of an insolvency resolution plan for a company does not absolve corporate guarantees given by individuals from paying up the dues to financial institutions.
-
Supreme Court To Decide On Transferring Pending Personal Insolvency Cases To Itself
The Supreme Court Wednesday said it will pass orders on a batch of pleas filed by Insolvency and Bankruptcy Board of India (IBBI) seeking the transfer of all petitions pending before different high courts challenging the provisions of Insolvency and Bankruptcy Code (IBC) with regard to personal insolvency.
-
Insolvency Proceedings Against Corporate Debtors, Personal Guarantors Can Go Together: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman clarified that Insolvency and Bankruptcy Code proceedings against corporates defaulting on loans prior to March 25 would continue.
-
Banks Free To Restructure Loans, But Can't Penalise Borrowers, Supreme Court Told
Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the ...
-
Delhi High Court Stays Insolvency Proceedings Against Anil Ambani Upon SBI's Claims
NCLT appointed a bankruptcy administrator to verify SBI's claim that Mr Ambani offered personal guarantees to seek loans from the lender
-
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
-
Government To Halt New Insolvency Proceedings For A Year Amid COVID-19: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said the government has already raised the minimum threshold for initiating IBC proceedings from Rs 1 lakh to Rs 1 crore.
