Showing results for "#IBC"
PGP group regains control of Dharani Sugars
The promoters have been taking continuous efforts to revive the company by making payment to the banks and exit this process.
Cabinet clears proposal to amend Insolvency and Bankruptcy Code
25 Dec 2019 12:17 AM ISTIn a bid remove ambiguities and ensure its smooth implementation, the Union Cabinet approved a proposal to promulgate an Ordinance and to amend the...
‘No re-entry for ex-promoters in bankrupt firms’
13 Jan 2020 3:22 AM ISTThe amendments in the IBBI regulations will prevent backdoor entry of former promoters in companies under liquidation by covering the “loopholes” in...
Default threshold under IBC raised to Rs 1 cr: Sitharaman
24 March 2020 4:38 PM ISTIn 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 fresh insolvency to be initiated for 1 year under IBC: FM
17 May 2020 12:45 PM ISTIn 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...
IBC suspension to provide breathing space to struggling companies:...
8 Jun 2020 5:17 PM ISTThe government''s decision to shield corporate from the Insolvency and Bankruptcy Code (IBC) during the coronavirus pandemic will provide some...
RS approves amendments to insolvency law
19 Sept 2020 9:16 PM ISTThe IBC, which came into force in December 2016, has been amended five times. The amendment provides for suspension of Sections 7, 9 and 10 of the IBC...