Ironically, the inefficient loan recovery system gave promoters tremendous advantage over lenders. Not only could they play one lender off against another by threatening to divert payments to the favoured bank, they could also refuse to pay unless the lender agreed to extend further credit
Officials said on Monday that the new law will not spare those companies which are already facing bankruptcy proceedings.
Giving significant relief to home buyers, President Ram Nath Kovind on Wednesday gave assent to the ordinance making amendments to…
The Union Cabinet on Wednesday gave its approval to an ordinance making amendments to the Insolvency and Bankruptcy Code (IBC)…
The Supreme Court on Wednesday told Jaypee Associates to deposit Rs 125 crore as directed failing which it would be…
The Lok Sabha on Friday passed a Bill that seeks to amend the Insolvency and Bankruptcy Code (IBC) to plug…
Promoters of steel companies undergoing resolution under the bankruptcy code were keen to bid for assets but will not be…
Wilful defaulters and entities whose accounts have been classified as NPAs will be barred from bidding for assets under the…
The ordinance to amend the insolvency and bankruptcy code that will bar defaulters from bidding for the stressed assets has…
The government will come out with an ordinance to make certain amendments to the Insolvency and Bankruptcy Code, Corporate Affairs…
