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Insolvency And Bankruptcy Code

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RS departs from convention in paying tributes to Jaitley, others

In a departure from convention, the Rajya Sabha on Monday allowed leaders of various political parties to speak and pay tributes to five late members, including former finance minister Arun......

52 errors in J-K Act: Cabinet Secretary foxed by typos in notes

Following several instances of poor drafting of Cabinet notes and bills in the recent past, on September 11, the Cabinet Secretariat wrote to all ministries and departments to read up paragraph 55......

Limited choices in strategic partners in defence

The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance......

FULL TEXT of PM Modi's I-Day address

Following is the full text of Prime Minister Narendra Modi's address from the ramparts of the Red Fort on the 73rd Independence Day.  IMAGE: Prime Minister Narendra Modi addresses the nation......

In his final address to 16th LS, Modi mocks Rahul over Rafale, hug

Prime Minister Narendra Modi took potshots at Congress president Rahul Gandhi over the Rafale issue and made a strong pitch for electing a majority government in national interest,......

Good news for stressed asset buyers

In a major relief to stressed assets, the Cabinet approved the proposed IBC amendment that the licences, permits, concessions, and clearances for a corporate debtor cannot be terminated or......

In a first, RBI sends DHFL to NCLT for debt resolution

Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter. Illustration: Dominic Xavier/Rediff.com The Reserve Bank on Friday sent the troubled......

NCLT asks telecom department not to terminate Aircel's license and spectrum

The tribunal accepted the government's argument that licence or spectrum is a state asset over which Aircel had no right of ownership. In a relief to lenders of insolvent telecom company Aircel,......

Reliance, Airtel and 2 others bid for three Anil Ambani group companies

The three companies for sale are Reliance Communications, Reliance Telecom and Reliance Infratel. Four companies, including Mukesh Ambani’s Reliance group  and Bharti Airtel, on Monday......

DHFL finally lands in bankruptcy court

RBI has appointed R Subramaniakumar, the ex-managing director of Indian Overseas Bank as the administrator of the third largest pureplay mortgage lender. Illustration: Uttam Ghosh/Rediff.com The......
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FM introduces bill in Lok Sabha to amend insolvency law

Finance minister Nirmala Sitharaman on Thursday introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code. The Insolvency and... ...

https://timesofindia.indiatimes.com/india/fm-introduces-bill-in-lok-sabha-to-amend-insolvency-law/articleshow/72487314.cms
10 Things To Know About Amendments To Insolvency and Bankruptcy Code

The Union cabinet, chaired by Prime Minister Narendra Modi, on Wednesday cleared amendments to the Insolvency and Bankruptcy Code (IBC) to ease the... ...

https://www.ndtv.com/business/cabinet-clears-amendments-to-ibc-key-things-to-know-2147595
Real estate developers happy, but homebuyers disappointed over latest IBC amendments

For the real estate sector, the Bill stipulates that insolvency action can be initiated only if 10 percent or 100 homebuyers (whichever is lower)... ...

https://www.moneycontrol.com/news/real-estate/real-estate-developers-happyhomebuyers-disappointed-over-latest-ibc-amendments_13263861.html
Govt Clears More Amendments to Insolvency Law; Will Ring-fence Successful Bidders from Risks

The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, has already been amended thrice. The latest changes pertain to various... ...

https://www.news18.com/news/india/govt-clears-more-amendments-to-insolvency-law-will-ring-fence-successful-bidders-from-risks-2420883.html
RIL in talks for Rs 5,000-crore loan to take over Alok Industries

RIL is in talks with State Bank of India, HDFC Bank and ICICI Bank for financing. RIL won the right to buy Alok Industries in the Insolvency and... ...

https://economictimes.indiatimes.com/industry/banking/finance/financing-arrangement-likely-by-month-end-ril-in-talks-for-rs-5000-crore-loan-to-take-over-alok-industries/articleshow/72431948.cms

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