Insolvency And Bankruptcy Code (ibc)
Business  /  Published 24.12.19

Rail board trimmed

The cabinet on Tuesday approved the downsizing of the Railway Board, which will have four members instead of eight, besides the chairman. All the various railway services as well as departments have b...
By TT Bureau in New Delhi

Business  /  Published 05.05.19

Life buoy for viable firms

Committees of creditors (CoCs) should provide all relevant information and share their vision for companies under the insolvency process, a senior official said on Saturday as he asserted that it will...
By PTI in New Delhi

Business  /  Published 24.11.19

Bid to shield stressed assets

The government plans to amend the Insolvency and Bankruptcy Code (IBC) to provide immunity to companies taking over stressed assets from prosecution for financial crimes committed by erstwhile promote...
By PTI in New Delhi

Business  /  Published 24.03.20

Insolvency threshold raised

The Centre has raised the threshold for invoking insolvency under the Insolvency and Bankruptcy Act, 2017 to Rs 1 crore from the present level of Rs 1 lakh and held out hope that entities facing a fin...
By Our Special Correspondent in Calcutta

Business  /  Published 17.05.20

One-year insolvency breather

In a bid to give relief to companies defaulting on loans because of the Covid-19 stress, finance minister Nirmala Sitharaman on Sunday said no fresh insolvency will be initiated for one year under the...
By TT Bureau in New Delhi


Business  /  Published 18.02.20

Liberty House Group takes over Adhunik Metaliks

India-born British businessman Sanjiv Gupta’s Liberty House Group Plc has completed the acquisition of Adhunik Metaliks Ltd and its subsidiary Zion Steel by paying Rs 425 crore to the lenders under ...
By Our Special Correspondent in Calcutta

Business  /  Published 07.01.20

Liquidation rules tightened

A secured creditor cannot sell assets of a company undergoing a liquidation process to any person barred from submitting an insolvency resolution plan, as per a new amendment made to the norms by the ...
By TT Bureau in Calcutta

Business  /  Published 04.01.20

Uco Bank recovers Rs 900 crore

Public sector lender Uco Bank has made a recovery of Rs 900 crore from four stressed accounts where a resolution was reached under the Insolvency and Bankruptcy Code or outside the framework.This puts...
By A Staff Reporter in Calcutta

Business  /  Published 25.02.20

Ess Dee Aluminium in bankruptcy court

Ess Dee Aluminium Ltd, which had dreamt of reviving three Bengal-based sick units of India Foils a decade ago, has fallen prey to insolvency itself.The National Company Law Tribunal’s Calcutta bench...
in Calcutta

Business  /  Published 21.04.19

Jet Airways lenders ready Plan B

Lenders of Jet Airways are in favour of a resolution outside the insolvency law framework in case the ongoing bidding process fails to take off, sources said.Running into a debt of more than Rs 8,500 ...
By PTI in New Delhi


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