Insolvency And Bankruptcy Code (ibc) 2016

Book excerpt: Defaulter’s Paradise Lost | What to do if your company is facing bankruptcy

Who is using the Insolvency and Bankruptcy Code 2016, how and what to do if you find yourself at the receiving end.

Homebuyers cannot initiate insolvency proceedings to execute RERA decrees, rules NCLAT

The NCLAT rules that a decree-holder cannot be treated as financial creditor for the purpose of triggering insolvency proceedings against a company

Aircel denies bankruptcy reports

Aircel, which is wholly owned subsidiary of Maxis, has a total debt of Rs 16,000 crore out of which Rs 12,000 crore is Indian debt.

Big Deal: Insolvency & Bankruptcy Code

There is one aspect which is adding a lot of buoyancy to the Deal Street that is the resolution of the distressed assets. a big step has been taken by the Reserve Bank of India (RBI) this week in that direction in spotting 12 accounts for bankruptcy and that is going to put everything in motion is the belief of most of the experts.

Prime focus is to resolve NPA issues; not aiming at liquidation: Sanjeev Sanyal

Liquidation is not necessarily something that everybody is trying to push for, said Sanjeev Sanyal, Principal Economic Adviser, Finance Ministry.

Implement bankruptcy law in time bound manner: FM to officials

Finance Minister Arun Jaitley today directed senior officials of the ministries of finance and corporate affairs to take steps, including setting up of a board, for the implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time bound manner.