Keyword : Insolvency

Lok Sabha clears insolvency and bankruptcy code

 As the banking sector reels under bad loans, the Lok Sabha on Thursday cleared the Insolvency and Bankruptcy Code that aims to regulate insolvency including time-bound recovery of dues from d

Individuals can’t approach Debt Recovery Tribunals

Individuals who want to pursue their insolvency cases may approach appropriate authority/court under the existing enactments, instead of approaching the Debt Recovery Tribunals, said a PIB releas

Is insolvency an exit route for promoters of housing firms?

In ordinary circumstances, a real estate company can take loans from banks only to bridge gap between ‘inflow’ and ‘outflow’ of funds required to complete the project as per

Pining for home

Jaypee Group, considered a safe, stable and promising business group, forayed into real estate by offering luxury housing at Jaypee Greens Golf Course, and then ventured into large housing projects

Draft on insolvency regulations ready

The Insolvency and Bankruptcy Code, 2016 (Code) is an economic legislation that empowers the Insolvency and Bankruptcy Board of India (IBBI) to make regulations. The IBBI has evolved

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