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Total 1343 results found. Search for [ bankruptcy code ]

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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.


PTI
New Delhi, December 2, 2019
India GDP growth: The Crisil's estimate is among the lowest, but still above Japanese brokerage Nomura's 4.7 percent forecast


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


BusinessToday.In
New Delhi, November 29, 2019
DHFL is one of the biggest defaulters in the country that owes over Rs 1 lakh crore (over $14 billion) to its debtors


Manu Kaushik
November 27, 2019
The committee of creditors (CoC) has rejected the resignations saying these cannot be accepted. It asked the directors, including Ambani, to perform their duties until the insolvency proceedings are concluded


Nevin John
November 26, 2019
Rs 1 lakh invested in Reliance Naval and Engineering shares three months ago would have become Rs 10 lakh now


Dipak Mondal
New Delhi, November 25, 2019
The National Company Law Tribunal gave a go-ahead to the resolution plan of Royale Partners after the Committee of Creditors accepted its Rs 900-crore bid by 73.13 per cent vote share


Anand Adhikari
New Delhi, November 25, 2019
The frequent changes in IBC are discouraging global distressed funds as well as strategic investors


Dipak Mondal
New Delhi, November 25, 2019
The court reiterated that in IBC, it is the CoC which has the ultimate authority over the matter concerning distribution of resolution proceeds


Dipak Mondal
New Delhi, November 25, 2019
Irrespective of resolutions, companies going through the insolvency process are seeing large number of direct and indirect job losses


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