Showing results for "#IBC"
Personal guarantor recovery set to surge under IBC
Only 21 have yielded approval of repayment plans and have realised Rs 91.27 crore which is 5.22 per cent of their approved claims. About 62 cases have...
IBC suspension to provide breathing space to struggling companies:...
The government''s decision to shield corporate from the Insolvency and Bankruptcy Code (IBC) during the coronavirus pandemic will provide some...
No fresh insolvency to be initiated for 1 year under IBC: FM
In a bid to give relief to companies defaulting on loans due to the COVID-19 stress, Finance Minister Nirmala Sitharaman on Sunday said no fresh...
Default threshold under IBC raised to Rs 1 cr: Sitharaman
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...
‘No re-entry for ex-promoters in bankrupt firms’
The amendments in the IBBI regulations will prevent backdoor entry of former promoters in companies under liquidation by covering the “loopholes” in...
Cabinet clears proposal to amend Insolvency and Bankruptcy Code
In a bid remove ambiguities and ensure its smooth implementation, the Union Cabinet approved a proposal to promulgate an Ordinance and to amend the...
‘Amendment makes IBC redundant for home buyers’
Expressing displeasure over the recent amendments made to the Insolvency and Bankruptcy Code (IBC) that set a minimum benchmark on the number of home...