TAG: IBC
FinMin reviews bankruptcy proceedings of Jaiprakash Associates, Arch Pharma Labs, other high-profile cases
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 ago
IBC recovers 84% of fair value, not responsible for delay in admission by creditors: IBBI Chairman
Defending 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 ago
Next IBC reform should focus on speeding up resolution process: CEA Nageswaran
Chief 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