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Budget 2025: Relief for a larger segment of Indian promoters under the insolvency code
05 Feb 2025 02:32 GMT
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Insolvency code must constantly evolve for better results
31 Jan 2025 21:18 GMT
A continuously evolving and improving Insolvency and Bankruptcy Code (IBC) framework is important to achieving a 7-8% growth over the next decade, as growth aspirations require capital to operate at the frontiers of productivity and efficiency, said the …
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The Insolvency Code’s progress: From deep haircuts to fuller recoveries
08 Nov 2024 09:39 GMT
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.
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Tweaks to insolvency code may be reviewed
07 Jun 2024 01:50 GMT
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 …
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Sitharaman vows to strengthen insolvency code amid criticism of creditor losses
02 Apr 2023 05:21 GMT
Finance Minister Nirmala Sitharaman on Saturday stated that the government has no hesitation to amend the Insolvency and Bankruptcy Code (IBC) to make it stronger, as there has been criticism of a slowdown in the resolution process and a decline in …
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The Centre’s proposals should strengthen insolvency code
22 Jan 2023 23:03 GMT
The introduction of the Insolvency and Bankruptcy Code (IBC) in 2016 was a ‘watershed’ moment in India, its success aided by swift legislative interventions by the government to ensure that the code evolved to address legal and practical challenges in its …
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Don’t expect much from insolvency code tweaks
22 Jan 2023 23:03 GMT
The vexed phenomenon of sickness, bankruptcy and recovery of industrial units has dogged the government and regulators for over 40 years now. India’s promulgation of the Insolvency and Bankruptcy Code (IBC) in 2016 was meant as a magic bullet for a …
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Need for an Insolvency Code tweak for the common man in Budget 2022
25 Jan 2022 16:38 GMT
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RS passes amendments to insolvency code Govt: Priority is to keep companies growing rather than to liquidate
20 Sep 2020 00:31 GMT
Written by Manoj C G
| New Delhi |
Updated: September 20, 2020 4:09:15 am
Initiating the debate on the Bill, Congress member Vivek Tankha said the government should protect only those businesses which are affected by the pandemic and not all defaulters. ( …
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Plea against Insolvency code ordinance; Delhi High Court seeks Centre's stand
28 Jul 2020 12:20 GMT
The Delhi High Court Tuesday sought the Centre's reply on a plea challenging the Insolvency and Bankruptcy Code (IBC) Ordinance which suspended proceedings against defaults arising on or after March 25 for six months in view of the COVID-19 pandemic.
A …
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