Real Estate Allottees As Financial Creditors Get Boost With Supreme Court Order
Although it has been over five years since the inclusion of real estate project allottees as Financial Creditors under the Insolvency and Bankruptcy Code, several issues about their rights, status, treatment etc remain unresolved.
Mar 19, 2024, 20:02 PM IST
Not just Supertech, Delhi-NCR's other real estate firms facing insolvency proceedings; check here
Meanwhile, many real estate companies are facing insolvency proceedings including Jaypee Infratech and Mumbai-based HDIL.
Mar 26, 2022, 16:44 PM IST
Centre seeks comments on proposed changes to insolvency law ahead of Budget 2022-23
The Central government has invited comments on several amendments proposed to the insolvency law.
Dec 23, 2021, 18:43 PM IST
Centre to bring 23 Bills in Parliament’s Monsoon Session
Out of 23, 17 of them will be new Bills to be introduced in the House, while three others are meant to replace ordinances.
Jul 13, 2021, 18:18 PM IST
Business failure must not be looked down upon: FM Sitharaman on VG Siddhartha's death
Siddhartha's body was found on the banks of the Netravathi river in Karnataka on Wednesday. In a letter purportedly written by him, Siddhartha alleged, among other reasons, harassment by the Income Tax department as the cause for taking his own life.
Aug 02, 2019, 12:50 PM IST
IBC process helps recover Rs 70K cr bad loans in FY19: Report
According to its president Gurpreet Chatwal, the recovery rate for the 94 cases resolved through IBC by FY2018-19 is 43 per cent, compared with 26.5 per cent through earlier resolution mechanisms.
May 15, 2019, 14:15 PM IST
Banks can now refer defaulters to NCLT on case by case basis: Bankers
The Supreme Court on Tuesday quashed the RBI's February 12 circular, which prescribed rules for recognising one-day defaults by large corporates and initiating insolvency action as a remedy.
Apr 03, 2019, 10:26 AM IST
SC upholds constitutional validity of Insolvency and Bankruptcy Code
The bench disposed of a batch of pleas filed by companies challenging various provisions of the IBC.
Jan 25, 2019, 11:49 AM IST
Arun Jaitley targets previous UPA government as Insolvency and Bankruptcy Code completes two years
Jaitley said the Congress left behind the legacy of an anachronic system of resolving commercial insolvency.
Jan 03, 2019, 13:54 PM IST
Non-adherence to timelines under IBC a major concern, says govt official
The code, which became fully operational in December 2016, provides for a market-determined and time-bound insolvency resolution process.
Dec 27, 2018, 14:27 PM IST
President approves promulgation of IBC amendment Ordinance to treat home buyers as creditors
The Ordinance provides significant relief to home buyers by recognizing their status as financial creditors.
Jun 06, 2018, 16:36 PM IST
Cabinet clears amendments to bankruptcy code
A 14-member Insolvency Law Committee had made suggestions to the Ministry of Corporate Affairs, including addressing woes of home buyers and making recoveries easier for lenders.
May 23, 2018, 17:34 PM IST
Fresh bids invited for ABG Shipyard under insolvency law
ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code(IBC, 2016) as per the orders of NCLT.
Apr 19, 2018, 12:31 PM IST
RBI notifies revised framework to deal with bad loans
The new guidelines have specified framework for early identification and reporting of stressed assets.
Feb 13, 2018, 07:47 AM IST
IBC mechanism used actively to resolve bad loan problem: Economic Survey
Insolvency and Bankruptcy Code has provided a resolution framework that will help corporates clean up their balance sheets and reduce debts.
Jan 29, 2018, 14:23 PM IST
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.
Nov 23, 2017, 17:50 PM IST
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.
Nov 23, 2017, 16:29 PM IST
President approves ordinance on Insolvency and Bankruptcy Code
The ordinance was approved by the cabinet on Wednesday.
Nov 23, 2017, 13:59 PM IST
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.
Nov 22, 2017, 17:00 PM IST
Insolvency law: Govt sets up 14-member panel to identify issues
The move also comes against the backdrop of concerns in certain quarters about various aspects of the law including the possibility of promoters wresting back control of a company under insolvency process.
Nov 21, 2017, 20:09 PM IST
