March 30, New Delhi – The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was discussed in the Lok Sabha, with Finance Minister Nirmala Sitharaman emphasizing the importance of data privacy.She stated that banks must strictly adhere to Know Your Customer (KYC) norms to ensure the...
banking regulations
data privacy
financial regulations
india
insolvencyandbankruptcycode
know your customer
kyc
lok sabha
nirmala sitharaman
reserve bank of india
The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 by a voice vote today. The Bill, which was initially referred to a Select Committee, aims to further amend the Insolvency and Bankruptcy Code 2016 to address procedural delays and interpretational issues faced by...
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lok sabha
nirmala sitharaman
New Delhi, March 30 Finance and Corporate Affairs Minister Nirmala Sitharaman stated in the Lok Sabha on Monday that the Insolvency and Bankruptcy Code (IBC) has been a key and very important factor in improving the health of the country's banking sector, including the recovery of non-performing...
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asset recovery
banking sector
corporate governance
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ibc
india
insolvencyandbankruptcycode
lok sabha
non-performing assets
resolution process
Today, the Lok Sabha will consider the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, for further discussion. The bill aims to further amend the Insolvency and Bankruptcy Code of 2016. It seeks to address procedural delays and interpretational issues faced by companies and individuals...
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New Delhi, March 29 The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeals filed by BSE, in which the leading bourse challenged the power of the NCLT to unfreeze the Demat accounts of businesses undergoing insolvency resolution and liquidation.A two-member NCLAT bench...
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demat accounts
future corporate resources
ibc
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liquidation
liz traders and agents
lodr regulations
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nclat
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sebi
securities and exchange board of india
securities law framework
New Delhi, March 25 Members of the opposition in the Lok Sabha criticized the Insolvency and Bankruptcy Code (IBC) on Wednesday, arguing that it has failed to deliver timely resolutions due to the limited capacity of the tribunals, which are overburdened with cases. The BJP defended the 2016 law...
banking system
bankruptcy resolution
company law
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creditor accountability
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government policy
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india
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liquidation
lok sabha
national company law tribunal (nclt)
opposition criticism
resolution processes
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...
The Lok Sabha has taken up the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, for consideration and passage. Union Finance Minister Nirmala Sitharaman introduced the Bill, which aims to further amend the Insolvency and Bankruptcy Code of 2016. The Bill seeks to address procedural delays...
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corporate debtors
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government of india
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india
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lok sabha
nirmala sitharaman
non-performing assets (npas)
New Delhi, March 25 The Insolvency and Bankruptcy Code has failed to achieve its intended purpose, as tribunals with limited capacity have been unable to ensure timely resolution of matters, opposition members said in the Lok Sabha on Wednesday.Participating in the debate on the Insolvency and...
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lok sabha
national company law tribunal (nclt)
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select committee
tribunal delays
Mumbai, March 19 The Bombay High Court has criticized the misuse of provisions of the Insolvency and Bankruptcy Code (IBC) by loan defaulters and guarantors to "gain immunity" by imposing a moratorium, and said this practice has the potential to negatively impact the country's economy.A bench...
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loan defaulters
moratorium
national company law tribunal
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securitisation and reconstruction of financial assets act
south mumbai
union bank of india
New Delhi, March 17 The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed against alternative energy firm Eastman Auto & Power in an insolvency case and upheld the order passed by the NCLT.A two-member bench observed that the existence of a dispute with Vave India...
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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...
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committee of creditors
corporate law
corporate resolution
cross-border insolvency
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india
insolvencyandbankruptcycodeinsolvency resolution process
ministry of corporate affairs
parliamentary committee
union cabinet
New Delhi, March 10 The Union Cabinet approved amendments to the insolvency law and the Companies Act on Tuesday, according to sources.Specific details could not be immediately ascertained.The sources said that the Cabinet has approved various amendments to the Insolvency and Bankruptcy Code...
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companies act
corporate affairs ministry
corporate law
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india
insolvencyandbankruptcycodeinsolvency resolution process
legal amendments
New Delhi, March 1 The appellate tribunal, NCLAT, has dismissed petitions filed by two Dhoot brothers – Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot – challenging the initiation of personal insolvency against them over a default committed by debt-ridden Videocon Industries.Personal...
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national company law appellate tribunal
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rajkumar nandlal dhoot
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sbi (state bank of india)
section 7
section 95
videocon industries
New Delhi, February 26 The Supreme Court said on Thursday that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings can be initiated against both a principal debtor and its corporate guarantor for the same debt.A bench comprising justices Dipankar Datta and Augustine George...
corporate guarantor
corporate insolvency resolution process
debt recovery
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guarantor liability
ibc
icici bank
indian contract act
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insolvencyandbankruptcycode
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simultaneous insolvency
state bank of india
supreme court
Kolkata, February 25 Sanjeev Sanyal, a member of the Prime Minister's Economic Advisory Council, said on Wednesday that India has managed to sustain growth of 7-7.5 per cent while maintaining macroeconomic stability despite global uncertainties, while asserting that sequential growth with...
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economic advisory council
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kolkata
macroeconomic stability
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regional economic disparities
sanjeev sanyal
shipping and logistics
west bengal
New Delhi, February 24 The Supreme Court on Tuesday upheld a decision by the NCLAT that said that attachment under the Prohibition of Benami Property Transactions Act, 1988 (Benami Act) can only be challenged before the authorities specified in that act.A bench of justices PS Narasimha and...
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benami property transactions act
chennai bench
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legal proceedings
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national company law appellate tribunal
national company law tribunal
nclat
prohibition of benami property transactions act
supreme court
supreme court advocates on record association
New Delhi, February 13 Highlighting the benefits of the insolvency law and the tribunal's performance, NCLT President Chief Justice (Retd) Ramalingam Sudhakar said on Friday that people should stop making unwanted comments about them.The National Company Law Tribunal (NCLT) is a key...
bankruptcy
case disposition
chief justice
corporate affairs ministry
dispute resolution
financial disputes
ibc
india
insolvencyandbankruptcycode
judicial system
legal proceedings
national company law tribunal
nclt
ramalingam sudhakar
resolution plans
New Delhi, February 11 Grounded Jet Airways has finalized an agreement to sell three aircraft frames and six engines to a Malta-based entity for USD 46 million.Jet Airways operated for 25 years before ceasing operations in April 2019 due to financial difficulties and is currently undergoing a...