• 

  Byju's faces insolvency proceedings as it fails to pay Rs 158.9 crore sponsorship fee to BCCI

  Business | July 16, 2024 21:02 IST

  Byju's and BCCI entered into a sponsorship agreement in 2019 through which the Edtech company got exclusive rights to display its trademark on the kit of the Indian cricket team, however, it failed to pay the sponsorship after June 2022.

• 

  "Go First doing everything possible to navigate situation...": CEO Kaushik Khona tells employees

  Business | May 03, 2023 13:21 IST

  Go First news: According to the airline, the arbitrator ordered P&W to supply at least 10 serviceable spare leased engines by April 27 and a further 10 spare leased engines per month until December 2023.

• 

  Govt proposes framework for cross-border insolvency; seeks comments till Dec 15

  Business | November 26, 2021 17:09 IST

  The corporate affairs ministry, which is implementing the Insolvency and Bankruptcy Code (IBC), has sought comments on the draft framework till December 15.

• 

  LS passes amendment in Insolvency and Bankruptcy Code

  India | September 21, 2020 22:26 IST

  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.

• 

  Parliament passes amendments to Insolvency and Bankruptcy Code

  India | March 12, 2020 14:07 IST

  Parliament on Thursday passed amendments to the insolvency law that will help ring-fence successful bidders of insolvent companies from risk of criminal proceedings for offences committed by previous promoters.

• 

  RBI supersedes DHFL board, insolvency proceedings soon

  Business | November 20, 2019 18:46 IST

  The Reserve Bank of India (RBI) on Wednesday superseded the board of debt-laden Dewan Housing Finance Corporation Limited (DHFL). The central bank will soon refer DHFL for insolvency proceedings, the RBI said in a statement.

• 

  Govt mulls raising Rs 1 lakh default threshold for invoking IBC

  Business | October 14, 2019 18:40 IST

  The government is examining suggestion to raise threshold of Rs 1 lakh default to invoke the Insolvency and Bankruptcy Code (IBC) to reduce number of cases in the NCLT, Corporate Affairs Secretary Injeti Srinivas said.

• 

  Govt plans debt waiver for 'small distressed borrowers' under insolvency law

  Business | August 18, 2019 15:13 IST

  The government plans to give debt waiver for "small distressed borrowers" under the insolvency law framework, according to a senior official.

• 

  Insolvency proceedings initiated against Jet Airways

  Business | June 23, 2019 15:54 IST

  The cash-strapped company became the first domestic airliner to go into bankruptcy after the Mumbai bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by SBI on behalf of 26 lenders on June 20.

• 

  SC upholds constitutional validity of Insolvency and Bankruptcy Code

  India | January 25, 2019 17:17 IST

  A bench headed by Justice R F Nariman said they have upheld the constitutional validity "in its entirety".  

• 

  Relief for home buyers as President approves ordinance to treat them as creditors

  India | June 06, 2018 19:43 IST

  The government said the ordinance would give home buyers due representation in the Committee of Creditors and make them an integral part of the decision making process.

Advertisement
• 

  Good news for home buyers! Union Cabinet approves ordinance to amend Insolvency and Bankruptcy Code

  India | May 23, 2018 18:12 IST

  A 14-member Insolvency Law Committee had suggested to the Ministry of Corporate Affairs that home buyers should be treated as financial creditors paving way for their  participation in an insolvency resolution process.

• 

  Year Ender 2017 News: Top 5 economic reforms unleashed by Modi govt this year

  Business | December 27, 2017 16:46 IST

  While the impact of the reforms has been mixed, the government believes the structural changes it has brought about have put the Indian economy on a sound track.

• 

  NCLT adjourns case against Unitech after SC stay on govt takeover

  Real Estate | December 20, 2017 16:32 IST

  The Supreme Court stayed an NCLT order directing a management take-over of the firm by a group of directors appointed by the Centre.

• 

  Bad loans: Day of reckoning for 28 companies as RBI deadline to initiate insolvency proceedings ends

  Business | December 13, 2017 9:56 IST

  According to ICRA, the list has accounts from diverse sectors and a total exposure of about Rs 1.15 lakh crore.

• 

  Unitech moves Supreme Court as Centre eyes takeover in ‘public interest’, hearing on Tuesday

  Real Estate | December 11, 2017 13:48 IST

  “We are more concerned with home buyers and not the company or those holding fixed deposits,” the top court said, while fixing the hearing for Tuesday.

• 

  More trouble for RCom, two Chinese lenders back CDB’s insolvency petition against Anil Ambani's telco

  Business | December 06, 2017 14:29 IST

  The ICBC and Export-Import Bank of China are planning to support China Development Bank's insolvency petition against RCom.

• 

  Ordinance barring loan defaulters from bidding for stressed assets promulgated after President’s nod

  Business | November 24, 2017 10:32 IST

  The ordinance to amend the Insolvency and Bankruptcy Code put in place safeguards to prevent wilful defaulters from bidding for stressed assets.

• 

  Cabinet clears ordinance to amend Insolvency code, to be placed before Parliament in Winter session

  Business | November 22, 2017 17:08 IST

  Finance minister Arun Jaitley today said that the Cabinet has sought the President's approval to amend the Insolvency and Bankruptcy Code.

• 

  'Pay up like good children', SC tells Jaypee directors; restrains them from alienating properties

  Real Estate | November 22, 2017 14:02 IST

  The apex court also restrained the directors from alienating the properties of their immediate family members and cautioned that any violation of its directive would hold them liable for criminal prosecution.