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He says, he never thought the Insolvency and Bankruptcy Code would become so complex.....»»

ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code(IBC, 2016) as per the orders of NCLT.....»»

Bbankruptcy proceedings continue to drag on in several cases beyond the expected time-frame, with borrowers and unsuccessful bidders challenging the process in civil courts.....»»

The Code is not a remedy for creditors to pursue their individual rights; it is a symbiotic mechanism for all stakeholders.....»»

Strategies have been drawn to ensure that the NPAs are reduced in a structured manner by taking help of Insolvency and Bankruptcy Code (IBC) and other means.....»»

In the first list of 12 accounts sent to NCLT for resolution under Insolvency and Bankruptcy Code (IBC), BoI's exposure was Rs 83 billion. In the second list of 27 accounts, it was Rs 30 billion.....»»

The government plans to promulgate an Ordinance to give effect to these changes since Parliament is not in session.....»»

A 14-member Insolvency Law Committee had made suggestions to the Ministry of Corporate Affairs, including addressing woes of home buyers and making recoveries easier for lenders.....»»

Numetal was rejected in the first-round bidding as it was not compliant with section 29A of the Insolvency and Bankruptcy Code.....»»

Experts say that in future insolvency cases, resolution will yield better results.....»»

The appellate tribunal reserved its verdict on Vedanta's eligibility to submit a resolution plan under Section 29A of the Insolvency and Bankruptcy Code.....»»

Faced with a high-profile test, the country’s revamped insolvency code is already on the brink of failure......»»

The plain-speaking mayor of one of the richest cities in the country believed it was on the brink of bankruptcy and tried to rein in excessive city expenses like pensions, with mixed success......»»

After the rush for ventilators and protective equipment, local governments need to worry about insolvency......»»

German restaurant chain Vapiano SE on Friday said it had opened insolvency proceedings and would apply for government assistance programs to avoid bankruptcy, blaming the corona crisis for a further drop in sales......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The Boy Scouts, which built its reputation on a moral code, has sought refuge in Chapter 11 bankruptcy, where promises are bro.....»»

Small businesses often struggle to reorganize effectively under Chapter 11 of the Bankruptcy Code. To address this issue, Congress passed the Small Business Reorganization Act of 2019, creating a new subchapter of Chapter 11 of the Bankruptcy Code. The .....»»

Federal Bankruptcy Code changes meant to streamline the process for small businesses to take effect in February......»»

Microbial genomics lab testing company uBiome, whose San Francisco offices were raided by the FBI in April, announced Monday that it has requested its pending Chapter 11 bankruptcy be converted to liquidation under Chapter 7 of the U.S. Bankruptcy Code.....»»