November 15, 2019 5:47 pm
The latest move comes against the backdrop of instances of financial stress faced by certain entities that are into financial services.
June 28, 2019 12:20 am
India’s policy choices around bankruptcy represent a rupture with the past. But there is work yet to be done
May 24, 2018 12:54 am
Aimed at protecting the interests of homebuyers and enabling smooth resolution of stressed firms.
May 21, 2018 1:11 am
Over the next year or so, this law will be seen as one of the legacies of this government. But the pain of ‘creative destruction’ will probably last a while.
August 31, 2017 1:57 pm
Stating that results of the proceedings against major debtors would dictate how the banking situation improves, he said the process will take time. "You can't have a surgical solution to this." Jaitley said the government was open to providing more capital to banks but cleaning up stressed loans was bigger priority.
June 12, 2017 12:38 am
First adjudication this month, idea is to ensure quicker resolution of debt pile-ups, free up locked capital for fresh lending.
May 26, 2016 2:18 pm
Moody's said the new law entails greater efforts by corporate borrowers to avoid default and thereby a possible insolvency resolution process
May 22, 2016 2:36 pm
Under the new law, employees can file an application for initiating resolution proceedings against a bankrupt company.
May 16, 2016 9:31 am
Both Houses of Parliament within days passed the Insolvency and Bankruptcy Code last week to unify more than four overlapping sets of about a century-old laws to improve ease of doing business in the country.
May 13, 2016 1:31 am
The finance ministry in a statement also said the new law will give a big boost to ease of doing business in the country by ensuring a quantum leap for the functioning of the credit market.
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