President Droupadi Murmu on Tuesday said the large Buddhist community has much to offer to humankind at a time when the world today is facing an existential crisis on many fronts, not only strife but also the climate crisis.
In her recent budget statement, Finance Minister Nirmala Sitharaman lauded the Insolvency and Bankruptcy Code, 2016 (IBC), celebrating it as a new-age miracle. With over 1,000 companies resolved and a whopping Rs. 3.3 trillion recovered, it seems the IBC is finally hitting its stride – or at least that is the optimistic narrative.
Addressing the joint sitting of Parliament, she said “Today, these reforms have made India's banking sector one of the strongest banking sectors in the world.”
She criticised the earlier Congress government at the Centre for ignoring corporate distress and said that the corporate distress proceedings were governed by a patchwork of legislations, which worsened rather than resolving issues
The government said on Monday that the Directorate General of Civil Aviation (DGCA) has received applications from lessors for de-registration…
An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification.
In its continuous efforts to expedite and ease out the resolution process of huge bad loans in the banking sector,…
The insolvency law might be amended depending on recommendations of the panel reviewing issues related to the legislation, including those…
It is part of the function of entrepreneurs to operate in an environment of ambiguity. Customer tastes are fickle, low-cost…
Union Steel Minister Chaudhary Birender Singh has said that government’s new Insolvency and Bankruptcy Code provides possibility of takeover of…
