The Insolvency and Bankruptcy Code in India has proven to be a game-changer in addressing the challenges associated with corporate Insolvency. Its time-bound approach, specialized tribunals, and creditor-centric framework have contributed to a more efficient and transparent reso...
Referring to the reforms, including the introduction of the revolutionary the Goods and Services Tax (GST), to usher "One Nation, One Tax, One Market," the "Insolvency and Bankruptcy Code" and the steps taken to curb black money, the vice president asserted that they were aimed at making ...
In the last 48 months of coming into power, the government has taken important steps to streamline the economy. New policy measures were announced to make the business environment more conducive and transparent. Goods and Services Tax (“GST”), the biggest reform, is no doubt, a game changer...
Ballooning Non-Performing Assets in Indian Banking and Insolvency and Bankruptcy Code: Resolution Plans and Cases 来自 学术范 喜欢 0 阅读量: 29 作者:D Tandon,N Tandon 摘要: The Indian Banking sector is witnessing a phenomenal deterioration of asset quality, raising potential losses for not making...
Insolvency and Bankruptcy Code, 2016 brought in a substantial financial discipline among Indian Companies. Read more 25Mar 2020 SUPREME COURT OF INDIA EXTENDS THE LIMITATION PERIOD TO FILE CASES APPEALS IN VIEW OF COVID-19 Government of India and Supreme Court of India are taking various action ...
The analysis of default risk is also crucial because of the unprecedented policy developments: Asset Quality Review (AQR, 2015), Insolvency and Bankruptcy Code (IBC) 2016, the revised Prompt Corrective Action (PCA) framework 2017, Public Sector Banks (PSBs) recapitalization and mergers of PSBs....
The recent enactment of the Insolvency and Bankruptcy (IBC) code in 2016 to deal with cases regarding insolvency and the organization of corporate houses is a step in the right direction. However, this enactment is held up by pending cases (Press Information Bureau of India,3rd December 2019)...
This book elucidates chapter-wise commentary on the Insolvency and Bankruptcy Code, 2016. It incorporates the bare act and regulations framed thereunder along with statutory and Read More » March 22, 2021No Comments book FEMA & FDI Ready Reckoner ...
ArcelorMittal India Private Limited is aiming to enter the Indian steel production sector with a bid to take over insolvent producer Essar Steel, ArcelorMittal announced on Monday February 12.Bidding for Essar Steel, carried out under India's Insolvency and Bankruptcy Code, closed on Monday with ...
However, the agency notes that the insolvency regime still suffers from issues such as lengthy processes, as well as the lack of a comprehensive and unified bankruptcy code so as to minimise uncertainty relating to recovery outcomes. Fitch notes that although steps were initiated in 2002 to amend...