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Tag "Insolvency and Bankruptcy Code"

LS passes amendment in Insolvency and Bankruptcy Code

LS passes amendment in Insolvency and Bankruptcy Code

🕔06:36, 22.Sep 2020

New Delhi, Sep 22  The Lok Sabha on Monday passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, whereby fresh insolvency proceedings will not be initiated for at least six months starting from March 25 amid the coronavirus pandemic.

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Default threshold under IBC raised to Rs 1 cr: Sitharaman

Default threshold under IBC raised to Rs 1 cr: Sitharaman

🕔16:16, 24.Mar 2020

New Delhi, March 24 In a major relief for small and medium enterprises, the central government has raised the threshold for default under the IBC to Rs 1 crore from the current Rs 1 lakh. Addressing the media through videoconferencing

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Parliament passes Insolvency & Bankruptcy Code Bill

Parliament passes Insolvency & Bankruptcy Code Bill

🕔16:13, 12.Mar 2020

New Delhi, March 12  The Insolvency and Bankruptcy Code (Amendment) Bill, 2020 was passed by voice vote in the Rajya Sabha on Thursday. It was passed in Lok Sabha on March 6. The amendments are aimed at streamlining the insolvency

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IBC has ensured better credit culture in borrowers: CEA

IBC has ensured better credit culture in borrowers: CEA

🕔06:45, 23.May 2019

New Delhi, May 23  The bankruptcy framework of the Insolvency and Bankruptcy Code (IBC) has instilled a credit culture in borrowers’ minds and ensures value maximisation out of a distressed asset, which otherwise would have offered nothing, Chief Economic Advisor

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Panel recommends UNCITRAL model for cross-border insolvency

Panel recommends UNCITRAL model for cross-border insolvency

🕔18:12, 22.Oct 2018

New Delhi, Oct 22  A committee to look into amendments to the Insolvency and Bankruptcy Code (IBC) on Monday recommended the adoption of the UNCITRAL Model Law of Cross Border Insolvency to deal with cross-border insolvency issues. The Insolvency Law

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Parliament passes Insolvency Code amendment bill

Parliament passes Insolvency Code amendment bill

🕔20:51, 10.Aug 2018

New Delhi, Aug 10 (IANS) With the Rajya Sabha on Friday passing the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018, the legislation has got Parliament’s approval as the Lok Sabha has already cleared it. The Bill allows homebuyers to be

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President approves ordinance to treat home buyers as creditors

President approves ordinance to treat home buyers as creditors

🕔17:50, 6.Jun 2018

New Delhi, June 6  Giving significant relief to home buyers, President Ram Nath Kovind on Wednesday gave assent to the ordinance amending the Insolvency and Bankruptcy Code (IBC) to recognise their status as financial creditors. Being treated as financial creditors

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Rs 4 lakh cr NPAs have returned due to insolvency system: Official

Rs 4 lakh cr NPAs have returned due to insolvency system: Official

🕔14:24, 4.Apr 2018

New Delhi, April 4  Less than half of the staggering Rs 9 lakh crore worth of non-performing assets (NPAs), or bad loans, accumulated by banks had returned due to the system set in place by the Insolvency and Bankruptcy Code

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