Posts tagged with Insolvency& Bankruptcy Code

Parliament passes IBC Amendment Bill
Jan 2018 , by in Latest News

The Insolvency and Bankruptcy Code (IBC) (Amendment) Bill 2017 was passed by Rajya Sabha on Tuesday that aims to keep defaulting promoters out of the resolution process of insolvent companies The bill, which replaces an ordinance, was passed by the Lok Sabha last week. The amendments will be noti... Read more...

Lok Sabha passes Insolvency amendment bill
Dec 2017 , by in Latest News

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017 Bill, which primarily proposes to bar wilful defaulters from bidding for troubled assets during the insolvency process, has been passed in the Lok Sabha. The Ordinance amended the definition of a resolution applicant and their eligibilit... Read more...

Insolvency amendment bill tabled in Lok Sabha
Dec 2017 , by in Latest News

The government on Thursday tabled the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017 Bill in the Lok Sabha that primarily proposes to bar willful defaulters from bidding for troubled assets during the insolvency process. The Ordinance amends the definition of a resolution applicant and t... Read more...

President approves bankruptcy code ordinance
Nov 2017 , by in Latest News

President Ram Nath Kovind on Thursday approved the ordinance for amending the bankruptcy code. The amendments will make it difficult for insolvent promoters to acquire stressed companies. This came a day after the Cabinet referred the ordinance to the President for his assent. Top sources in the... Read more...

Loading...