Finance Minister Nirmala Sitharaman said that the provisions would, however, not impact proceedings already initiated before March 25. The Centre might extend this six-month period to one year through notification

The bill seeks to replace an ordinance promulgated in this regard in June

She was replying to a debate on the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, in the Rajya Sabha which passed the proposed legislation to replace an ordinance in this regard with voice vote

In June, an ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) whereby fresh insolvency proceedings will not be initiated for at least six months starting from March 25 amid the coronavirus pandemic

Replying to a debate on the Bill in the House, Finance Minister Nirmala Sitharaman said the intention of the IBC is to keep companies a \"going concern\" and not liquidate them

Central Bureau of Investigation has said 38 people involved in financial irregularities with banks fled from India between January 1, 2015, and December 12, 2019, Anurag Thakur said

Government's plan to infuse Rs 20,000 crore into public sector banks puts no pressure on the Centre, but the lenders have to be ready with enough capital if matters go south

The Monsoon session in Parliament generally takes place around mid-July but this year it got delayed in the wake of rising coronavirus cases in the country

This is Part I of two-part article revisiting critical economic decisions that eventually led to minus 23.9% growth in Q1 of FY21. Blaming exogenous factors (pandemic) or intense lockdown is merely an excuse to divert attention from government's ineptitude and thwart meaningful debate

The recovery for ARCs are getting affected due to deferment or failure of auctions due to unsatisfactory bids or absence of any bidders, default or delay in payment as per the agreed settlement plan

The observations from a two-member NCLAT bench came as it upheld an order of the National Company Law Tribunal

As per the report prepared by the transaction auditor, the concerned transactions occurred during financial years 2006-2007 to 2018-19, DHFL said in a regulatory filing

A bench headed by Justice Ashok Bhushan, which commenced final hearing on a batch of petitions on waiver of interest on deferred loans, was told that paying interest on interest is a \"double whammy\" for borrowers and banks cannot charge it

AGR hearing today: The Supreme Court has said the telecom companies have to pay 10 per cent of total pending dues upfront

Value investing is all about picking good quality stocks trading at a discount to historical valuations. BT crunches the numbers to bring you likely future wealth generators

Justice Arun Mishra-led three-judge bench will pronounce its judgment on adjusted gross revenue (AGR) case at 11:30 am on September 1

United Breweries Holdings Ltd. (UBHL), on Thursday, moved the Supreme Court against the Karnataka High Court's March 6 order that upheld the winding-up ruling passed in February 2018 as the company failed to pay admitted liabilities to its creditors

Court asks Ambani not to dispose of or transfer any of his assets; says insolvency against him should continue as before and that liabilities as personal guarantor can also be examined during resolution process

A draft paper released by the Insolvency and Bankruptcy Board of India (IBBI) has proposed that those assets which are not easily converted into cash during the liquidation process must be distributed among creditors, and the liquidation process closed

The standard advantage of a bad bank is that the entity taking a decision on the sale price is different from the entity accepting that price