In the recent past, various stakeholders including the Parliamentary Standing Committee on Finance, Reserve Bank of India (RBI) Governor Shaktikanta Das and India’s G-20 Sherpa Amitabh Kant have flagged concerns over delays and asked for a recovery boost. …

Jet Airways’s liquidation comes even after a consortium successfully bid to revive the airline, as a dispute between Jet’s lenders and the winning group got tossed around between bankruptcy courts and the Supreme Court for years. Justice J.B. Pardiwala , …

Insolvency regulator IBBI has directed Insolvency Professionals (IPs) to list details of all unsold assets in respect of the ongoing liquidation processes on the eBKray platform from November 1.  They have also been directed to list all the assets within 7 …

… creditor protection under India’s insolvency code appeared first on Law.asia …

New Delhi, Jul 24 (KNN) In a move set to reshape India's corporate landscape, Finance Minister Nirmala Sitharaman unveiled significant reforms to expedite corporate exits and strengthen the insolvency resolution process during her presentation of the …

… and the evolution of an insolvency code appeared first on Law.asia …

When the IBC was adopted by India in 2016, Parliament had intended that the time period for insolvency resolution be mandatorily limited to 330 days, inclusive of one extension and the time taken in legal proceedings. This time limit is observed more in …

The much-awaited amendments to the Insolvency and Bankruptcy Code (IBC), including those aimed at expediting the resolution process, and introduction of cross-border and group insolvency regimes, may undergo a review by the incoming government before being …

The Ministry of Corporate Affairs recently issued a notification stating that the provisions of sub-section (1) of section 14 of the Insolvency and Bankruptcy Code, 2016 (IBC) would not apply to transactions, arrangements, or agreements relating to …

Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital on Saturday asked stakeholders for innovative suggestions to help reduce delays in company insolvency resolutions and said that there is a need for an amendment, reported PTI. Mital also …