Search For "ibc"
Coronavirus-related debts to be excluded from defaults under IBC
Updated : 2 years, 2 months ago IST
New Delhi [India], May 17 (ANI): Corporate debts related to COVID-19 pandemic will be excluded from default category under the Insolvency and Bankruptcy Code (IBC) for a period of up to one year, Finance Minister Nirmala Sitharaman said on Sunday.
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Buddhists congregate virtually as COVID-19 dampens festive spirit of Buddh
Updated : 2 years, 3 months ago IST
New Delhi [India], May 7 (ANI): Buddhists from across the world prayed for the victims of coronavirus and honoured the medical professionals as they joined the virtual Buddha Poornima celebrations and Global Prayer Week on Thursday.
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PM Modi praises IBC for observing Buddha Purnima as prayers week for COVID
Updated : 2 years, 3 months ago IST
New Delhi [India], May 7 (ANI): Prime Minister Narendra Modi on Thursday praised the International Buddhist Confederation (IBC) for dedicating the Buddha Purnima festival to the frontline workers around the globe, who are engaged in tackling the COVID-19 crisis.
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76 steps taken to ensure wealth creators treated with respect, says Sithar
Updated : 2 years, 5 months ago IST
New Delhi [India], Mar 6 (ANI): Union Finance Minister Nirmala Sitharaman on Friday said that the government has taken 76 steps to remove 65 sections of criminalities in Companies Act so as to ensure our commitment that wealth creators of this country-Big, Small and large companies will b
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IBC has changed the culture; earlier regime was favorable to defaulting in
Updated : 2 years, 5 months ago IST
New Delhi [India], Mar 6 (ANI): Justice NV Ramana, a judge in the Supreme Court, on Friday said that the Insolvency and Bankruptcy Code, 2016 has changed the culture in the country adding that the earlier regime was more favourable to defaulting industrialists.
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Union Cabinet clears proposed change to Insolvency and Bankruptcy Amendmen
Updated : 2 years, 7 months ago IST
New Delhi [India], Jan 9 (ANI/NewsVoir): Recently the Union Cabinet has cleared a proposed change to Section 7 of the Insolvency and Bankruptcy Amendment Bill (2019) which suggests that at least 100 or 10 per cent of the total buyers, whichever is lower in a real estate project will have to
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Cabinet approves promulgation of IBC (Amendment) Ordinance 2019
Updated : 2 years, 7 months ago IST
New Delhi [India], Dec 24 (ANI): The Union Cabinet on Tuesday approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.
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Bengaluru cake show impresses visitors with models of Chandrayaan-2, Katha
Updated : 2 years, 7 months ago IST
Bengaluru (Karnataka) [India], Dec 18 (ANI): As Christmas is around the corner, Bengaluru-based Institute of Baking and Cake Art (IBCA) hosted an annual cake show in which its students baked more than 23 cake models including Saint Basil's Cathedral in Moscow and Chandrayaan-2.
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9,653 cases resolved under IBC: Corporate Affairs Ministry
Updated : 2 years, 7 months ago IST
New Delhi [India], Dec 15 (ANI): Out of 21,136 applications filed, 9,653 cases involving a total amount of approximately Rs 3,74,931.30 crore have been disposed of at the pre-admission stage of Insolvency and Bankruptcy Code, 2016 (IBC) so far, said the Ministry of Corporate Affairs on Sunda
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Cabinet approves Insolvency and Bankruptcy Code (Second Amendment) Bill, 2
Updated : 2 years, 7 months ago IST
New Delhi [India], Dec 11 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal to make amendments in the Insolvency and Bankruptcy Code, 2016 (Code), through the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019.
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Enabling resolution of finance companies under IBC credit positive for ban
Updated : 2 years, 8 months ago IST
Singapore, Nov 25 (ANI): Inclusion of non-bank finance institutions (NBFIs) in the Insolvency and Bankruptcy Code (IBC) 2016 is credit positive for banks, Moody's Investors Service said on Monday.
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IBC has helped improve business environment: Sitharaman
Updated : 2 years, 10 months ago IST
New Delhi [India], Oct 1 (ANI): Lauding the Insolvency and Bankruptcy Code (IBC), Finance Minister Nirmala Sitharaman on Tuesday said it has improved business environment in the country by making it easier for businesses to exit in case of difficulties.
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