CRISIL report highlights IBC success to India’s bankruptcy landscape
Recent years have witnessed a decline in recoveries and a significant extension of resolution timelines, according to a report by CRISIL Ratings.
Insolvency and Bankruptcy Bill
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No question of filing for insolvency, says SpiceJet
Amid concerns over its financial health, low-cost carrier SpiceJet on Thursday stated that there is no question of it filing for insolvency.
Agitated Go First passengers left stranded by last-minute cancellations amid company’s woes
Passengers who purchased tickets with the airlines were left stranded when Go First Airlines stopped flights due to insolvency.
Go First suspends flight operations, files for insolvency amid financial crisis
Go First, an Indian airline, has canceled all flights for May 3 and 4. The Wadia Group, the airline's owner, is unwilling to invest more in the struggling company.
Aps Wealth Ventures approaches NCLT to initiate Voluntary insolvency
A Stock Broking firm, Aps Wealth Ventures LLP, recently approached the National Company Law Tribunal (NCLT) to initiate Voluntary Insolvency after suffering a massive loss in the recent Share Market crash.
What is the IBC, 2016? Here’s how it address the problem of failing businesses in India
The centre drafted a set of legislation based regulations known as the Insolvency and Bankruptcy Code (IBC), 2016 to deal with the issue of failing firms especially those which are insolvent.
Insolvency and Bankruptcy Bill enables an efficient insolvency resolution framework for MSMEs: Nirmala Sithraman
The Insolvency Bill passed by Rajya Sabha on Tuesday provides for a pre-packaged insolvency resolution mechanism for micro, small and medium enterprises (MSMEs).