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Wednesday, December 11, 2019

Bankruptcy law

BANKRUPTCY LAW NEWS

Government notifies rules under insolvency law for resolution of financial service providers

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.

Justice, law and change

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

Bankruptcy law changes to put homebuyers on par with lenders

May 24, 2018 12:54 am

Aimed at protecting the interests of homebuyers and enabling smooth resolution of stressed firms.

How the first fruit of insolvency law also spotlights its wider challenges

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.

Arun Jaitley puts debtors on notice: Pay dues or allow others to take control of biz

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.

Why test for bankruptcy law is a larger test for India

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.

Bankruptcy law credit positive for banks: Moody's

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

New bankruptcy law: Employees can seek attachment of promoters' assets

May 22, 2016 2:36 pm

Under the new law, employees can file an application for initiating resolution proceedings against a bankrupt company.

Bankruptcy law: Jayant Sinha says employees' rights to be foremost

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.

Administrative structures to be in place as ‘early as possible’: Shaktikanta Das

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.