The NCLT did not agree with the submissions of Today Homes Noida that they have been given time till 2021 to complete the project by
Day: September 22, 2019
Fewer cases admitted for insolvency action in Q1 – The Economic Times
For only the second time since the enactment of the Insolvency & Bankruptcy Code (IBC), the number of fresh cases admitted for resolution has seen
Reliance Naval: Anil Ambani’s shipyard risks insolvency as banks spurn debt plan
By Suvashree Ghosh and P R Sanjai The shipyard controlled by embattled Indian tycoon Anil Ambani is facing the prospect of bankruptcy after failing to get creditors’
Amrapali Group: SC seeks response of Amrapali group on plea of home buyers – The Economic Times
The home buyers have neither received possession of their flats, nor refund of the amount, the lawyer said. The Supreme Court today sought the response
Home buyers welcome SC ruling, say move to help claim dues – The Economic Times
The Supreme Court’s judgment on Friday re-affirming the rights of end-use home buyers as financial creditors under the Insolvency and Bankruptcy Code (IBC) is expected to provide
Insolvency law amendments to ensure greater timeliness: Sitharaman – The Economic Times
Amendments to insolvency law are aimed at ensuring greater timeliness for resolution process, which has to be completed in 330 days, and changes are to
Cannot reject insolvency plea over claims disputed after demand notice: NCLAT – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) has asked the NCLT to decide over an insolvency plea filed against leading real estate firm Raheja Developers by one of its operational creditors.
Insolvency and Bankruptcy Code: IBC: Mediation, not bankruptcy, to be key in individual cases – The Economic Times
The government is expected to bring in amendments to the Insolvency and Bankruptcy Code (IBC) in individual and crossborder cases, seeking to ensure strict implementation of resolution plans
videocon: Delays in results due to insolvency proceedings: Videocon – The Economic Times
VideoconNSE -3.13 % Industries said on Monday it is unable to publish its financial results for the quarter ended June 30 due to the ongoing consolidation
SBI profit falls below expectations, Kumar invokes the gods – The Economic Times
State Bank of IndiaNSE 10.09 % (SBI) swung to a profit from a year-ago loss but fell short of expectations, prompting chairman Rajnish Kumar to invoke
SC orders status quo for 2 weeks on Jaypee Group plea against NCLAT order – The Economic Times
The Supreme Court on Friday ordered status quo for two weeks on Jaypee Group‘s plea against NCLAT order which allowed fresh bidding for debt-laden Jaypee InfratechNSE -3.85 %. A bench of
Debt Distress 2.0: Total stressed assets now exceed gross NPA peaks of 2018 – The Economic Times
The role of the RBI as well as the government will become key as the nature of India’s NPA problem has undergone a change over
IBBI tightens norms for insolvency resolution professionals – The Economic Times
n a significant move, the Insolvency and Bankruptcy Board of India (IBBI) has tightened norms governing resolution professionals wherein restrictions will also be in place for their
Bankruptcy law: View: India’s proposals to amend bankruptcy law are bold and necessary—Economic Times
by Andy Mukherjee At last, India’s in-court bankruptcies will show some urgency and common sense. On Wednesday, the government said it would amend the 2016 insolvency law,
Business failures should not be looked down upon: Nirmala Sitharaman – The Economic Times
Reacting to the death of Cafe Coffee Day founder V G Siddhartha, Finance Minister Nirmala Sitharaman on Thursday said business failures in the country should not be tabooed, or looked
ET View: Welcome tweaks in the bankruptcy code – The Economic Times
The IBC is a transformational reform, which sends a message to large borrowers they cannot turn the other way when they do not repay their
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