Insolvency Rules
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Company Law Tribunal To Hear Go First's 2 Insolvency Petitions Next Week
As Go First awaits the NCLT ruling on its voluntary insolvency resolution plea, the tribunal is set to hear on Monday two petitions seeking insolvency proceedings against the crisis-hit airline.
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Boris Becker Deported To Germany From UK After Prison Release
German national Becker was jailed for two and a half years in April for flouting insolvency rules by hiding GBP 2.5 million ($3.1 million) of assets and loans to avoid paying debts
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Rules Amended For Faster Redressal Of Grievances Against Insolvency Professionals
Insolvency and Bankruptcy Board of India (IBBI) has amended rules pertaining to redressal of grievances filed against insolvency professionals
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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 Rejects Resuming Insolvency Case Against Anil Ambani
A three-judge panel headed by Justice L. Nageswara Rao ruled that the bankruptcy case against the former billionaire will remain suspended.
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Government Notifies New Insolvency Rules For Resolution Of Financial Service Providers
The corporate affairs ministry has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules). The latest move comes against the backdrop of financial stress faced by certain entities that are into financial services.
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Anil Ambani's Shipyard Risks Insolvency As Banks Spurn Debt Plan
Any court ruling favoring the banks would deal another blow to the tycoon's stressed empire after his wireless carrier slipped into insolvency earlier this year.
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Supreme Court Order Won't Impact Major Default Cases: RBI Governor Shaktikanta Das
The Supreme Court on Tuesday declared the central bank's February 12, 2018 circular as ultra vires of Section 35AA of the Banking Regulation Act, saying the RBI can only issue order on "specific" defaults but cannot direct "generic insolvency" proceedings.
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RBI's New Rules On Soured Loans To Shoot Provisioning Costs, Say Experts
Most of the loan-restructuring schemes that the central bank is withdrawing have seen little success.
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Centre Clears Tighter Rules To Bar Loan Defaulters From Bidding For Firms
The cabinet on Wednesday approved amendments to the Insolvency and Bankruptcy Code with changes that are designed to prevent wilful defaulters from bidding for stressed assets, Finance Minister Arun Jaitley said.
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Anil Ambani Telecom Is High-Profile Default On International Debt
It's India's most high-profile default on international debt since the nation's insolvency and bankruptcy code was passed in May 2016.
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Government Notifies Rules For Registered Valuers
The corporate affairs ministry has proposed to specify the Insolvency and Bankruptcy Board of India (IBBI) as the authority with respect to registration, recognition and ancillary matters related to valuers.
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Still Waiting For Your Flat Possession? This New Rule Can Help
The Insolvency and Bankruptcy Board of India (IBBI), which is implementing the Code, has amended the regulations whereby claims can be made by creditors other than financial and operational creditors.
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Bankruptcy Proceedings Against Pune-Based Company A Big Test For New Law
Nearly six months on the proceedings against Innoventive Industries, seen as a test case for the first national bankruptcy law, are raising questions about the efficiency of the new regime that regulators are now compelling lenders to use to recover debts.
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12 Large NPAs: SBI Chief Rules Out Big Hit On Bottomlines
Crisil has pegged an additional burden of Rs 40,000 crore or 25 per cent more towards provisioning for these 12 accounts which have been sent for insolvency by RBI.
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Company Law Tribunal To Hear Go First's 2 Insolvency Petitions Next Week
As Go First awaits the NCLT ruling on its voluntary insolvency resolution plea, the tribunal is set to hear on Monday two petitions seeking insolvency proceedings against the crisis-hit airline.
-
Boris Becker Deported To Germany From UK After Prison Release
German national Becker was jailed for two and a half years in April for flouting insolvency rules by hiding GBP 2.5 million ($3.1 million) of assets and loans to avoid paying debts
-
Rules Amended For Faster Redressal Of Grievances Against Insolvency Professionals
Insolvency and Bankruptcy Board of India (IBBI) has amended rules pertaining to redressal of grievances filed against insolvency professionals
-
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 Rejects Resuming Insolvency Case Against Anil Ambani
A three-judge panel headed by Justice L. Nageswara Rao ruled that the bankruptcy case against the former billionaire will remain suspended.
-
Government Notifies New Insolvency Rules For Resolution Of Financial Service Providers
The corporate affairs ministry has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules). The latest move comes against the backdrop of financial stress faced by certain entities that are into financial services.
-
Anil Ambani's Shipyard Risks Insolvency As Banks Spurn Debt Plan
Any court ruling favoring the banks would deal another blow to the tycoon's stressed empire after his wireless carrier slipped into insolvency earlier this year.
-
Supreme Court Order Won't Impact Major Default Cases: RBI Governor Shaktikanta Das
The Supreme Court on Tuesday declared the central bank's February 12, 2018 circular as ultra vires of Section 35AA of the Banking Regulation Act, saying the RBI can only issue order on "specific" defaults but cannot direct "generic insolvency" proceedings.
-
RBI's New Rules On Soured Loans To Shoot Provisioning Costs, Say Experts
Most of the loan-restructuring schemes that the central bank is withdrawing have seen little success.
-
Centre Clears Tighter Rules To Bar Loan Defaulters From Bidding For Firms
The cabinet on Wednesday approved amendments to the Insolvency and Bankruptcy Code with changes that are designed to prevent wilful defaulters from bidding for stressed assets, Finance Minister Arun Jaitley said.
-
Anil Ambani Telecom Is High-Profile Default On International Debt
It's India's most high-profile default on international debt since the nation's insolvency and bankruptcy code was passed in May 2016.
-
Government Notifies Rules For Registered Valuers
The corporate affairs ministry has proposed to specify the Insolvency and Bankruptcy Board of India (IBBI) as the authority with respect to registration, recognition and ancillary matters related to valuers.
-
Still Waiting For Your Flat Possession? This New Rule Can Help
The Insolvency and Bankruptcy Board of India (IBBI), which is implementing the Code, has amended the regulations whereby claims can be made by creditors other than financial and operational creditors.
-
Bankruptcy Proceedings Against Pune-Based Company A Big Test For New Law
Nearly six months on the proceedings against Innoventive Industries, seen as a test case for the first national bankruptcy law, are raising questions about the efficiency of the new regime that regulators are now compelling lenders to use to recover debts.
-
12 Large NPAs: SBI Chief Rules Out Big Hit On Bottomlines
Crisil has pegged an additional burden of Rs 40,000 crore or 25 per cent more towards provisioning for these 12 accounts which have been sent for insolvency by RBI.
