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Total 1402 results found. Search for [ bankruptcy code ]

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Anand Adhikari
December 18, 2019
The banking sector, which is already under stress because of deteriorating asset quality in the last five years, will see further losses. In addition, the mutual fund industry too would get impacted


PTI
December 15, 2019
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for resolution of stressed assets in a market-linked and time-bound manner


PTI
New Delhi, December 14, 2019
ArcelorMittal has arranged the entire fund and is likely to transfer the amount by Monday; after the payment to the lenders, this will be the single-biggest recovery under the IBC


PTI
New Delhi, December 14, 2019
People in US believe that the fundamental reforms that have been gathered out in India across the economy will make India a very competitive and productively-efficient economy in the long run, says Kant


BusinessToday.In
New Delhi, December 13, 2019
Shares of UCO Bank and Corporation Bank rallied up to 18 per cent in early deals on Friday amid reports that creditors to the bankrupt firm would receive payment soon


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


Dipak Mondal
New Delhi, December 11, 2019
Economists and analysts see a slow and arduous economic revival from here. But some say it can be accelerated


Rajeev Dubey
New Delhi, December 11, 2019
The Centre's rapid fire - but random moves - peppered with slogans such as rekindling the \"animal spirits\" in the economy have had little effect in kickstarting the growth engine so far


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


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