By Nikunj Ohri NEW DELHI, March 30 (Reuters) – India has proposed an overhaul of its bankruptcy law, including allowing financial creditors to initiate insolvency proceedings and tightening deadlines, in a bid to speed up resolutions and promote ease of doing business. Resolutions of stressed assets in India have been delayed despite a mandated 330-day…
Lok Sabha approves Insolvency and Bankruptcy Code (Amendment) BillIANS The Lok Sabha on Monday approved the Insolvency and Bankruptcy Code (Amendment) Bill, aimed at speeding up insolvency proceedings to resolve cases related to defaulting companies. The Bill introduces a mandatory 14-day timeline for admitting insolvency applications once a company’s default has been established. Finance Minister…
New Delhi: The Lok Sabha on Monday passed a bill to amend the insolvency law to provide for strict timelines, an out-of-court settlement option and enable the framework for cross-border insolvency processes. Piloting the bill in the Lok Sabha, Finance and Corporate Affairs Minister Nirmala Sitharaman said that 12 amendments are being made in the…
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aiming to cut delays and strengthen creditor rights MSN Read the original article here
IBC crucial player in improving India’s banking sector, says Sitharaman in LS The Statesman Read the original article here
The Lok Sabha on Monday (March 30, 2026) passed a Bill to amend the insolvency law to provide for strict timelines, an out-of-court settlement option and enable the framework for cross-border insolvency processes. Piloting the bill in the Lok Sabha, Finance and Corporate Affairs Minister Nirmala Sitharaman said that 12 amendments are being made in…
Thank you for reading this post, don’t forget to subscribe! Vedanta has approached the Supreme Court seeking a stay on Adani Enterprises’ resolution plan for Jaiprakash Associates. The dispute centers on alleged lack of transparency and rejection of Vedanta’s revised bid in the insolvency process. Mining company Vedanta Limited has approached the Supreme Court seeking…
Lok Sabha clears IBC amendment Bill; centre accepts all panel recommendations Moneycontrol.com Read the original article here
New Delhi: The Lok Sabha on Monday approved the Insolvency and Bankruptcy Code (Amendment) Bill, aimed at speeding up insolvency proceedings to resolve cases related to defaulting companies. The Bill introduces a mandatory 14-day timeline for admitting insolvency applications once a company’s default has been established. Finance Minister Nirmala Sitharaman said that the government has…
Jack Mason directed eight companies that were used to move more than £12 million through unauthorised bank overdrafts in 2021 to companies controlled by his associates Scott Dylan and David Antrobus All three were handed prison sentences for breaching freezing orders connected to the overdrafts, with only Dylan having served his sentence so far Mason,…