...
...

bankruptcy law news

Crypto lender Genesis denies immediate plans to file for bankruptcy

The Genesis website on a laptop computer.
business
Published on Nov 22, 2022 10:47 am IST

Bankruptcy courts await a flood of default filings

The government is expecting a flurry of default cases in the National Company Law Tribunal (NCLT) now and preparing a framework so that the lender and the borrower could settle the matter outside the tribunal, the people quoted above said.
business
Published on Mar 25, 2021 05:57 am IST

Supreme Court upholds homebuyers’ rights in builder bankruptcies

The court ruled that homebuyers’ rights will remain at par with lenders.
business
Published on Aug 09, 2019 03:04 pm IST

Government okays tweaks to IBC for easier debt resolution

The amendments are aimed at speeding up the bankruptcy resolution process that has been mired in litigation and correcting anomalies that have crept into its functioning since the law came into force in 2016.
india news
Updated on Jul 18, 2019 12:24 am IST

Can work closely with India on skill development: Singapore minister

Seen here is Singapore education minister Ong Ye Kung.
india news
Updated on Jun 08, 2019 07:19 am IST

$190 billion bank loan clean-up needed as PM Modi looks to revive growth

Potential bidders have also become wary of India’s evolving insolvency process after court rulings in the past year allowed late bids to be considered in the interest of greater recovery.
business
Updated on Jun 06, 2019 03:35 pm IST

‘Madam, don’t send us to insolvency court,’ firms tell SBI

Recent bankruptcy proceedings that wrested prominent companies from their owners were a wake up call for India’s business community, previously used to walking away from debts without major consequences.
business
Updated on Jan 31, 2019 02:56 pm IST

SC bars founders of loan-defaulting firms from buying back bankrupt companies

The Supreme Court said a provision of the bankruptcy law that prevents founders from regaining control of delinquent companies was legally valid.
india news
Updated on Jan 25, 2019 12:23 pm IST

Finance minister Arun Jaitley sees economy growing at ‘around 8 %’

Finance minister Arun Jaitley said on Tuesday he expects India’s economy to sustain an annual growth rate of around 8%
business
Updated on Sept 25, 2018 05:14 pm IST

Fear of losing company making firms pay up, says chairman of new bankruptcy board

Companies facing bankruptcy petitions have reportedly cleared dues of as much as ₹830 billion ($12 billion) with creditors, MS Sahoo, chairman of the IBC, said in an interview.
business
Updated on Jul 10, 2018 12:01 pm IST

India’s $210 billion bad loans are luring foreign funds hunting for returns

The country’s banking sector is coping with about $210 billion of soured or problem loans, a legacy of a borrowing spree following the global financial crisis and an economic slowdown after that.
business
Updated on Jun 04, 2018 11:04 am IST

RCom shares, bonds jump after NCLAT halts insolvency proceedings

A man speaks on his mobile phone as he walks past a closed shop painted with an advertisement of Reliance Communications in Mumbai.
business
Published on May 31, 2018 02:21 pm IST

With a US-China trade war likely, India must reposition itself as an investment destination

The perceptions about India were, as should be expected, a mix of optimism about its prospects and frustration over it having become a “serial disappointment.” In the midst of uncertainty and unpredictability across the globe, India was seen as a zone of political stability, if not rapid economic advance. As a large economy growing at a rate of 7 to 7.5% per annum, it offered opportunities few other countries could.
analysis
Updated on May 28, 2018 07:03 pm IST

Widening deficits to world beating growth: How the economy fared in 4 years of Modi govt

Buildings rise into the Mumbai skyline as seen from the Imperial residential towers in the Tardeo area of Mumbai.
india news
Published on May 24, 2018 05:26 pm IST

Bankruptcy cases boom in India, but just 26 judges to hear them

A streamlined bankruptcy process is crucial to solve India’s banking crisis that is hurting the economy.
business
Updated on Apr 25, 2018 02:18 pm IST

Battle for Essar Steel: ArcelorMittal to challenge VTB-Numetal’s bid

The steel reinforcing frames of precast concrete tunnel segments sit stacked at the Mumbai Metro Rail Corp. casting yard in Mumbai in August 2017.
business
Updated on Apr 04, 2018 01:12 pm IST
View more
Home / Topic / Bankruptcy Law / News
Sign in
Sign out
Subscribe Now
Copyright © HT Digital Streams Ltd. All rights reserved.