Tag: Insolvency

Govt Proposes New Insolvency Resolution Framework under IBC
InFocus, Finance

Govt Proposes New Insolvency Resolution Framework under IBC

SMEStreet Edit Desk- January 11, 2021

"The Code may be amended quickly, preferably by an Ordinance, to provide for formal part of pre-pack. The Code may make a skeletal provision enabling ... Read More

Bankruptcy Proceedings are Suspended till December 2020
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Bankruptcy Proceedings are Suspended till December 2020

SMEStreet Edit Desk- September 25, 2020

"In exercise of the powers conferred by section 10A of the Insolvency and Bankruptcy Code, 2016, the Central Government has extended the suspension of sections ... Read More

Supreme Court Give Relief to Anil Ambani in Insolvency Case
News

Supreme Court Give Relief to Anil Ambani in Insolvency Case

SMEStreet Edit Desk- September 18, 2020

Instead, a Bench headed by Justice L Nageswara Rao directed the Delhi High Court to consider the issue of Ambani's challenge on the insolvency law ... Read More

Over 25000 MSMEs Complaints For Insolvency Process: FISME
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Over 25000 MSMEs Complaints For Insolvency Process: FISME

SMEStreet Desk- December 31, 2019

The dues of 25,000 MSMEs could be stuck in companies that are under the Corporate Insolvency Resolution Process (CIRP) and another 75,000 could be affected ... Read More

Homebuyers Seek Revision on NBCC’s Latest Bid in Jaypee Infra Insolvency
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Homebuyers Seek Revision on NBCC’s Latest Bid in Jaypee Infra Insolvency

SMEStreet Edit Desk- November 24, 2019

“The homebuyers unequivocally wish that NBCC should take over the JIL (Jaypee Infratech Ltd). You are hereby instructed to endeavor to negotiate with NBCC so ... Read More

Anil Ambani Resigns from Directorship of Reliance Communications
Finance, Banking & Finance

Anil Ambani Resigns from Directorship of Reliance Communications

SMEStreet Desk- November 18, 2019

The chief financial officer of the debt-ridden company Manikantan V has also resigned, the filing said."Shri Anil D Ambani, Smt. Chhaya Virani, Smt. Manjari Kacker ... Read More

Corporate Affairs Ministry Notifies Insolvency Law for Financial Services Companies
LimeLight, News

Corporate Affairs Ministry Notifies Insolvency Law for Financial Services Companies

SMEStreet Edit Desk- November 16, 2019

The Government notified rules under the insolvency law to deal with resolution of systemically important financial service providers, excluding banks. The corporate affairs ministry has ... Read More