INTERNATIONAL BUILDING CODE
IL&FS 'test case' for group resolution: Uday Kotak
Addressing the 32nd AGM of the group, Kotak said the absence of requisite legal framework for group resolution under Insolvency and Bankruptcy Code (IBC) required the new board to propose the 'first-of-its-kind" resolution framework that balanced interest of stakeholders across classes and levels, while keeping broad principles of corporate finance in mind.
MCA's 2019 Review: Steps for ease in business, insolvency resolution
In its year-end review, the Ministry of Corporate Affairs (MCA) on Sunda...
View: How effective regulations can act as the lynchpin for growth
Effective regulations will deliver growth for both large corporations in b...
Aviva Life settles insolvency case in NCLT
Aviva Life Insurance on Wednesday said the insolvency case filed against the company, in a matter involving commercial dispute of Rs 27 lakh, has been settled.
Government moves NCLAT against NCLT orders directing probe into cos' affairs by SFIO
In a petition moved before the NCLAT, the SFIO submitted that it being a statutory investigative office can direct to investigate into the affairs of the companies only by the Ministry of Corporate Affairs (MCA).
Government mulls new framework to expedite DHFL resolution
Banks have reached an inter-creditor agreement (ICA) to restructure the Rs 1 lakh crore debt of DHFL, but they have not been able to reach an agreement with bondholders, stalling a resolution.
NCLT starts insolvency proceedings against Today Homes Noida
There are many companies in Delhi-NCR which are facing insolvency proceedings, including Jaypee Infratech, because of default to home buyers and bankers.
Home buyers welcome SC ruling, say move to help claim dues
There are around 1.74 lakh stalled housing units across the top seven cities and their buyers can now stake claims to their dues by initiating insolvency proceedings against the errant developers.
IBC Amendment Bill to address concerns over delay in insolvency proceedings: Sitharaman
Union Finance Minister Nirmala Sitharaman on Monday the Insolvency and Bankruptcy Code Amendment Bill 2019 contains measures to dispel conce...
IBC Amendments to ensure greater clarity: Sitharaman
The minister said four out of the eight set of amendments being brought in are explanatory in nature.
IBC: Mediation, not bankruptcy, to be key in individual cases
Government may bring in the Insolvency and Bankruptcy Code (IBC) amendments in individual and cross-border cases.
New amendments to IBC will protect interest of homebuyers: Centre to SC
The counsel representing homebuyers’ expressed concern that Jaypee Infratech Ltd (JIL) going into the liquidation could deliver a blow to their hopes.
'Changes to bankruptcy code ready, to be sent to cabinet’
The changes include cross-border insolvency framework and harsher punishments for irregularities.
Jaypee lenders slammed for ‘back door’ talks with Adani
Adani group had submitted a non-binding proposal to lenders of Jaypee Infrastructure, offering to infuse Rs 1,700 crore in fresh equity and begin delivery of flats to homebuyers within nine months.
Haircuts for operational creditors in line with that for financial creditors
One of the biggest successes for IBC has been the power given to operational creditors, Icra said.
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