May 26, 2016 at 14:04 | Source: PTI
Moody's said the new law entails greater efforts by corporate borrowers to avoid default and thereby a possible insolvency resolution process, as such a procedure would cause management to lose control over the company immediately.
May 24, 2016 at 15:46 | Source: PTI
Speaking at an IAMAI event here, Amitabh Kant said the ecosystem of innovation is just "beginning to blossom" and one is seeing a resurgence of young Indians starting new businesses.
May 15, 2016 at 17:04 | Source: PTI
The new Bankruptcy Law will fast- track recovery of dues from defaulters and employees will be first in line to get their share from liquidation of assets if a company goes belly-up, says Union Minister Jayant Sinha.
May 13, 2016 at 19:46 | Source: PTI
The new Insolvency and Bankruptcy Code will help improve environment for creditors over medium to long term but effective implementation will remain key andmay take time, Fitch Ratings said on May 13
May 13, 2016 at 15:23 | Source: CNBC
India has taken a crucial first step to speeding up its insolvency regime by passing the country's first national bankruptcy law. The breakthrough is expected to help India tackle its mounting bad debt problem after two of the country's largest lenders provided unprecedented guidance on non-performing loans last month.
May 13, 2016 at 07:52 | Source: Reuters
US District Judge Paul Engelmayer said Natasha Taft may try to show that AgBank reduced her authority and disparaged her in retaliation for her reporting a possible violation of the Bank Secrecy Act, an anti-money laundering law, to the Federal Reserve Bank of New York.
May 12, 2016 at 20:32 | Source: PTI
Describing the Bankruptcy Code as comprehensive and systemic reform, the Finance Ministry on May 12 said the new law will give a big boost to ease of doingbusiness in the country by ensuring a quantum leap for the functioning of the credit market.
May 12, 2016 at 19:52 | Source: PTI
"The bill aims to provide a single unified law for the timely resolution of insolvency and bankruptcy related cases, which consequently will help creditors recover bad debts faster," said Shreyash Devalkar Fund Manager Equities, BNP Paribas MF.
May 12, 2016 at 14:16 | Source: PTI
According to the report, there are multiple laws dealing with insolvency in India, which lead to delays. This Code will consolidate the existing framework and create a new institutional structure, including setting a time-limit of 180 days within which the resolution has to be completed.
May 12, 2016 at 10:37 | Source: CNBC-TV18
Law needs setting up of right infrastructure, sufficient people and the right technology, says Arundhati Bhattacharya. She believes FY17 will be better if the law is implemented well.