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Insolvency resolution News

13 May 2020

Jet Airways crisis: Fresh expressions of interest invited for defunct airline

In March this year, the National Company Law Tribunal (NCLT) had allowed 90 days' extension for the corporate insolvency resolution process of the airline.

Insolvency and Bankruptcy Code

23 Nov 2017

IBC Ordinance to have no impact on valuation of assets under resolution: SBI chief

The President today gave his assent to the Ordinance amending the Insolvency & Bankruptcy Code, 2016.

Insolvency and Bankruptcy Code

23 Nov 2017

Insolvency and Bankruptcy Code 2016: Check out gist of the amendments

The IBC became operational in December 2016 and provides for a time-bound insolvency resolution process.

Insolvency and Bankruptcy Code

23 Nov 2017

President approves ordinance on Insolvency and Bankruptcy Code

The ordinance was approved by the cabinet on Wednesday.

Insolvency and Bankruptcy Code

22 Nov 2017

Govt to come out with ordinance to tighten insolvency law

The Code, which became operational in December last year, provides a market-determined and time-bound insolvency resolution process. Over 300 cases have already been approved by the National Company Law Tribunal (NCLT) to be taken up under the law, implemented by the corporate affairs ministry.

Banking Regulation Act

27 Aug 2017

Govt notifies changes in Banking Regulation Act

The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore, of which Rs 6 lakh crore is with public sector banks (PSBs).

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