The Lok Sabha on Monday cleared the Insolvency and Bankruptcy Code (Amendment) Bill, paving the way for a shift from the the previous barely used fast-track resolution mechanism to a new framework that allows creditors to trigger insolvency proceedings. Finance Minister Nirmala Sitharaman said the Insolvency and Bankruptcy Code (IBC) has played a key role…
New Delhi, March 30 (IANS) 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…
India’s banking sector is set for significant changes as lawmakers push for amendments to the Insolvency and Bankruptcy Code (IBC). Since its 2016 introduction, the IBC has been key to recovering bad loans (NPAs) and improving company oversight. The latest proposed changes aim to fix existing issues and align with international standards, but success will…
Suspended Director’s Writ Dismissed Despite Settlement Claim: Bombay HC Affirms IRP Sole Authority and Remitted Matter to NCLT [Read Order] Taxscan Read the original article here
The Lok Sabha on Monday passed the Insolvency and Bankruptcy Code (Amendment) Bill during the Parliament Budget Session. Finance Minister Nirmala Sitharaman replied to the discussion on the bill, which was sent back by the ‘Select Committee’. Sitharaman informed that the bill replaces the underutilised fast-track process, which was essentially a Corporate Insolvency Resolution Process…
Vedanta Flags Concerns Over JAL Insolvency Process; Records Show Adani Bid Backed by CoC, Tribunals goodreturns.in Read the original article here
Radhagobind Commercial Limited Schedules 6th Committee of Creditors Meeting for March 30, 2026 scanx.trade Read the original article here
New Delhi, The National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by the BSE, ruling that insolvency courts have the authority to order the defreezing of Demat accounts of companies undergoing insolvency proceedings. In its order, a two-member bench of the appellate tribunal said the National Company Law Tribunal (NCLT) has clear jurisdiction…
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Following a prolonged insolvency process that failed to yield a viable rescue plan, the Mumbai Bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of Yatin Steels India Private Limited. The court-appointed liquidator has now moved to auction the company’s “Not Readily Realisable Assets” (NRRA), including a massive legal claim valued at…