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 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
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
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
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
As many as 283 firms were admitted into corporate insolvency resolution process (CIRP) between April and December last year, as the pandemic and lockdown came to hurt businesses. As
