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Total 1158 results found. Search for [ Insolvency and Bankruptcy Code ]

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Prasanna Mohanty
December 13, 2019
While the RSS-affiliated BMS is satisfied with the Code for accepting many of its demands, the Left-affiliated CITU sees a paradigm shift with the power to formulate substantive provisions for social security being handed over to executive - thus, removing democratic and participatory content in legislations


Nevin John
Mumbai, December 12, 2019
Suzlon Energy debt resolution: The company had defaulted in repayments of Rs 437.50 crore in respect of its term loans and working capital facilities in March 2019, besides failing to make payments to certain overdue creditors


BusinessToday.In
New Delhi, December 12, 2019
Cabinet approves amendments to streamline Insolvency and Bankruptcy CodeThe Union Cabinet has approved certain amendments to the Insolvency and Bankruptcy Code (IBC) during its meeting on Wednesday. The changes in bankruptcy law are meant to help investment in troubled sectors, protect corporate debtors, and to prevent ill-thought-out triggering of bankruptcy proceedings. The amendments also ensure that the foundation of a corporate debtor's business remains safeIndian banks seek ...


BusinessToday.In
New Delhi, December 11, 2019
As per the revision in funding pattern, both the Centre and Delhi government will share the land cost of Metro Phase-IV in the ratio of 50:50


BusinessToday.In
New Delhi, December 11, 2019
Amendments to the IBC aim to remove bottlenecks, streamline the Corporate Insolvency Resolution Process (CIRP) and protect last mile funding in ordet to boost investment in financially distressed sectors


BusinessToday.In
New Delhi, December 11, 2019
The window for one-time partial credit guarantee offered by government will remain open till 30 June, 2020 or till such date by which Rs 1 lakh crore assets get purchased by the banks, whichever is earlier


Prasanna Mohanty
December 11, 2019
More tribunals, more resolution professionals, a higher threshold for the default process to set in from the current level of Rs 1 lakh and streamlining of the appeal process to cut down delays are needed to make the Insolvency and Bankruptcy Code (IBC) more efficient


Niti Kiran
New Delhi, December 10, 2019
The growth in GNPA has been moderating for SCBs at an overall level given the reduction in the slippages of the PSBs and the loan write offs


BusinessToday.In
New Delhi, December 9, 2019
Bharti Telecom, a promoter of Bharti Airtel, has sought government nod for the infusion of Rs 4,900 crore investment,Tata Steel has introduced a new HR policy allowing its LGBTQ+ employees to disclose the identity of their partners and get all HR benefits admissible under the law,India's real GDP growth in the current financial year is expected to be below 5 per cent. Watch the video for more.


BusinessToday.In
New Delhi, December 9, 2019
Govt set to amend bankruptcy law to protect new owners of insolvent companiesThe government has begun the process of amending the insolvency and bankruptcy code to protect new owners of bankrupt companies from any criminal accountability concerning the time when the firms were controlled by the erstwhile promoters. The cabinet is expected to approve significant changes to the insolvency law at the earliest to safeguard the companies taking over the broke businesses from prosecut...


BusinessToday.In
December 9, 2019
Amendment to IBC: The cabinet is expected to approve significant changes to the insolvency and bankruptcy code (IBC) at the earliest to safeguard the companies taking over the broke businesses from prosecution for financial crimes by the outgoing promoters


PTI
New Delhi, December 7, 2019
As against the admitted claims of secured financial creditors of Rs 9,783 crore, Suraksha and NBCC are offering repayment of only 62 per cent of their outstanding dues despite the liquidation value of the company being around Rs 13,000 crore


Niti Kiran
New Delhi, December 5, 2019
The company's consolidated losses widened to Rs 7,474 crore during 2018-19 compared to a loss of Rs 6,554 crore a year ago


BusinessToday.In
New Delhi, December 5, 2019
'I don't eat onion': FM Nirmala Sitharaman on skyrocketing onion pricesUnion Finance Minister Nirmala Sitharaman, during the Lok Sabha's Winter session on Wednesday, said the onion price issue did not affect her much as she and her family didn't use this pungent vegetable bulb prominently in their diet. Her remarks came after an opposition leader made an interruption on the onion price issue while she was speaking about the same. Attributing shortage to low production, the ministe...


Anand Adhikari
December 4, 2019
There are as many as 150 defaulting companies under liquidation where SBI had loan exposure of close to Rs 30,000 crore


BusinessToday.In
New Delhi, December 3, 2019
Chandrayaan 2: NASA finds ISRO's Vikram lander on Moon, releases images of debrisA NASA satellite has finally found ISRO's Vikram lander over two months after it crash-landed on Moon's surface. \"The Chandrayaan 2 Vikram lander has been found by our @NASAMoon mission, the Lunar Reconnaissance Orbiter,\" confirmed the US space agency. The images released by NASA show the Vikram lander impact point and associated debris field. \"Green dots indicate spacecraft debris. Blue dots locat...


PTI
New Delhi, December 3, 2019
DHFL owes close to Rs 1 lakh crore to the system, mostly to banks and retail investors of its debt instruments


BusinessToday.In
December 2, 2019
Reliance Industries stock will remain in focus as RIL is seen as a major beneficiary after Jio announced tariff hike on Sunday.


Prasanna Mohanty
December 1, 2019
Insolvency and Bankruptcy Rules of 2019 would help but more needs to be done: tighter RBI control and supervision, infusion of long-term funds (including capital) and reduction in mismatch in assets and liabilities


BusinessToday.In
New Delhi, November 30, 2019
In a series of tweet, Sitharaman said that in the last six months, the govt brought several reforms such as a cut in corporate tax, strategic disinvestment, labour reforms and so on


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