Personal Insolvency
- All
- News
-
CA Among 3 Arrested For Fraudulent Take Over Of Insolvent Company
The ED said on Wednesday that it has arrested three persons including a chartered accountant and a resolution professional as part of a money laundering probe linked to an alleged bank loan fraud related to regaining control of an insolvent company f
-
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.
-
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
-
Changes In Insolvency Code May Be Needed: Arun Jaitley
Section 29A of the IBC bars wilful corporate defaulters and "connected person" from bidding for stressed assets (including own), which is under CIRP.
-
"Congress Backing Urban Maoists Driving Big Cars," Says PM: 10 Points
Prime Minister Narendra Modi and Congress president Rahul Gandhi hit the campaign trail today in Chhattisgarh, where people will vote for the assembly elections in two phases on November 12 and 20. Mr Gandhi attacked the BJP government over alleged inaction against insolvent businessmen who have "fled the country". "You have heard about Nirav Modi....
-
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 ...
-
Essar Group, Tatas, ArcelorMittal Eye Debt-Laden Essar Steel
Essar Steel owes about Rs 45,000 crore to lenders and is going through the insolvency resolution process.
-
Centre Issues More Draft Norms Under Bankruptcy Code
Government came out with another set of draft rules, including for liquidation of insolvent corporate persons, under the Insolvency and Bankruptcy Code.
-
Government Appoints Four Nominees To Insolvency And Bankruptcy Board: Report
Apart from the chairperson and four government nominees, the board would have five more persons, including three whole-time members. Two others would be from outside.
-
CA Among 3 Arrested For Fraudulent Take Over Of Insolvent Company
The ED said on Wednesday that it has arrested three persons including a chartered accountant and a resolution professional as part of a money laundering probe linked to an alleged bank loan fraud related to regaining control of an insolvent company f
-
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.
-
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
-
Changes In Insolvency Code May Be Needed: Arun Jaitley
Section 29A of the IBC bars wilful corporate defaulters and "connected person" from bidding for stressed assets (including own), which is under CIRP.
-
"Congress Backing Urban Maoists Driving Big Cars," Says PM: 10 Points
Prime Minister Narendra Modi and Congress president Rahul Gandhi hit the campaign trail today in Chhattisgarh, where people will vote for the assembly elections in two phases on November 12 and 20. Mr Gandhi attacked the BJP government over alleged inaction against insolvent businessmen who have "fled the country". "You have heard about Nirav Modi....
-
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 ...
-
Essar Group, Tatas, ArcelorMittal Eye Debt-Laden Essar Steel
Essar Steel owes about Rs 45,000 crore to lenders and is going through the insolvency resolution process.
-
Centre Issues More Draft Norms Under Bankruptcy Code
Government came out with another set of draft rules, including for liquidation of insolvent corporate persons, under the Insolvency and Bankruptcy Code.
-
Government Appoints Four Nominees To Insolvency And Bankruptcy Board: Report
Apart from the chairperson and four government nominees, the board would have five more persons, including three whole-time members. Two others would be from outside.
