The Finance Ministry has reviewed some high-profile cases pending for admission into the National Company Law Tribunal (NCLT). Among the companies discussed was Jaiprakash Associates, which have seen delays in admission under the Insolvency and Bankruptcy...
5 months agoDefending the recoveries under The Insolvency and Bankruptcy Code (IBC), IBBI Chairman Ravi Mittal said that the IBC recovers as much as 84 percent of fair value of the companies as 50 percent of the asset’s value is already lost due to delay in admission...
2 weeks agoChief Economic Advisor (CEA) V Anantha Nageswaran emphasised the need for the next round of Insolvency and Bankruptcy Code (IBC) reforms to focus on improving operational efficiencies to accelerate the resolution process, particularly for MSMEs.Speaking a...
2 weeks ago