insolvency and bankruptcy code

New Delhi, April 9 The resolution of insolvency cases in the real estate sector should adopt a project-centric approach to ensure timely project completion, rather than prioritizing financial recovery, according to a panel set up by the insolvency regulator.The committee, established by the...

President Droupadi Murmu has given her approval to the Andhra Pradesh Reorganisation (Amendment) Bill, 2026, officially designating Amaravati as the sole and permanent capital of Andhra Pradesh. A notification from the Ministry of Law stated that the President gave her approval to the Bill...

New Delhi, April 6 The National Company Law Appellate Tribunal has ordered the completion of the insolvency proceedings for Future Lifestyle Fashion within three months.While rejecting an appeal filed by an operational creditor, a two-member bench has asked the Resolution Professional and the...

New Delhi, April 6 The Central Bureau of Investigation (CBI) is investigating a series of bank loan frauds, totaling approximately Rs 73,000 crore, in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February.The CBI...

New Delhi, April 3 The National Company Law Appellate Tribunal (NCLAT) has rejected Raheja Developers' plea to close the insolvency resolution process against its project, Raheja Shilas, in Gurugram, after observing that the issues with flat buyers have not been resolved.It further stated that...

New Delhi, April 2 The Supreme Court on Thursday overturned the bail granted to businessman Satinder Singh Bhasin in connection with a multi-crore rupee alleged "Grand Venice Mall" scam in Greater Noida.A bench comprising Justices Sanjay Karol and N K Singh directed Bhasin to surrender to the...

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 Insolvency and Bankruptcy Code has helped improve the health of the Indian banking sector, Finance and Corporate Affairs Minister Nirmala Sitharaman said on Wednesday.The Parliament passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, after the Rajya Sabha...

New Delhi, April 1 The Parliament passed amendments to the Insolvency and Bankruptcy Code (IBC) on Wednesday to facilitate faster resolutions, reduce case backlogs, and strengthen the financial ecosystem.The Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, through...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...