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Aug 11, 20212 min read
Lower threshold to file a case before NCLT from 100 buyers to 10, homebuyers tell government
The Parliamentary Standing Committee on the Insolvency and Bankruptcy Code (IBC) has proposed that the government make it mandatory for...
Aug 10, 20212 min read
Plea in SC against the rules, which exclude advocates from applying for the post of PO in DRTs
A Supreme Court Division Bench comprising Justices L. Nageswara Rao and Aniruddha Bose on Monday issued notice to the Central government...
Aug 10, 20212 min read
IDBI Bank strategic sale: 7 firms are in the race to be transaction advisor
JM Financial, Ernst and Young and Deloitte are among the seven firms that are in the bidding race for managing the strategic sale of IDBI...
Aug 10, 20212 min read
IBC resolutions delayed, but still a blessing
The average time taken for completion of corporate insolvency - where corporates get rescued through a resolution plan - at 375 days may...
Aug 10, 20211 min read
RBI invites feedback on draft "Overseas Investment Rules & Regulations" under FEMA
Overseas Investments and acquisition of immovable properties outside India by persons resident in India is presently governed by the...
Aug 9, 20211 min read
Only 394 resolved insolvency cases in 5 years under Bankruptcy Law
Only 394 cases have been resolved in the five years since the Corporate insolvency resolution process was established under the...
Aug 9, 20212 min read
RBI monitoring stressed assets situation in retail and MSME segments: Deputy Governor M.K. Jain
On a day when the Reserve Bank of India (RBI) monetary policy committee decided to leave rates unchanged to support economic growth,...
Aug 7, 20213 min read
IBBI signs an MoU with the National Stock Exchange of India for research collaboration
The Insolvency and Bankruptcy Board of India (IBBI) and National Stock Exchange of India Limited (NSE) signed a Memorandum of...
Aug 7, 20211 min read
Vijay Mallya was declared bankrupt by UK court, debts can be realised by respective banks
A British Court granted a bankruptcy order against Vijay Mallya and thereby paving the road for a syndicate of Indian lenders led by the...
Aug 6, 20212 min read
Pre-Packaged Insolvency Resolution: Insolvency and Bankruptcy Code (Amendment) Bill, 2021
The Covid-19 pandemic has impacted businesses all around the world including India. In India, the MSME sector is very important to the...
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