In New Delhi, on April 1, the Parliament passed amendments to the insolvency law to expedite the resolution of struggling companies and reduce the backlog of cases. Finance Minister Nirmala Sitharaman emphasized that the goal is not to liquidate companies, but to help them operate with...
New Delhi, April 1 The opposition in the Rajya Sabha criticized the government on Wednesday for frequent amendments to the Insolvency and Bankruptcy Code, significant haircuts, alleged favoritism towards large corporate defaulters, and ongoing infrastructure issues at the NCLT, along with...
bank insolvency
bankruptcy
corporate insolvency resolution process (cirp)
creditor haircuts
cross-borderinsolvency
financial distress
financial resolution
india
india economy
insolvency and bankruptcy code (ibc)
msmes (micro, small and medium enterprises)
national company law tribunal (nclt)
nclat
prepackaged insolvency resolution process
rajya sabha
New Delhi, March 25 The introduction of the Insolvency and Bankruptcy Code (IBC) has led to the recovery of over ₹4 lakh crore in the last decade through the resolution of bankrupt companies, senior BJP MP Anurag Thakur said in the Lok Sabha on Wednesday.Participating in the debate on the...
New Delhi, March 10 – The Union Cabinet has given its approval for amendments to the Insolvency and Bankruptcy Code, potentially paving the way for the introduction of the IBC Amendment Bill in the ongoing parliamentary session, according to sources.The proposed legislative updates are based...
bankruptcy
committee of creditors
corporate law
corporate resolution
cross-borderinsolvency
group insolvency
india
insolvency and bankruptcy code
insolvency resolution process
ministry of corporate affairs
parliamentary committee
union cabinet