IBBI disposed of 6,172 complaints and grievances under IBC, government tells Lok Sabha

Aug 08, 2022

New Delhi [India], August 8 : The Insolvency and Bankruptcy Board of India (IBBI) disposed of 6,172 complaints and grievances out of 6,231 received...

Before implementation of Insolvency and Bankruptcy Code, there used to be feudalism: Chief economic adviser

Aug 28, 2021

New Delhi [India], August 28 : Chief Economic Advisor Krishnamurthy Subramanian on Friday said that before the Insolvency and Bankruptcy Code (IBC) was implemented,...

Amendments made in IBC by enhancing default limit from Rs 1 lakh to Rs 1 cr: MoUHA

May 30, 2020

New Delhi [India], May 30 : Amendments have been made in the Insolvency and Bankruptcy Code (IBC) by enhancing the default limit from Rs...

Reliance Capital welcomes RBI's decision, blames complexity of litigation for defaults

Nov 30, 2021

New Delhi [India], November 30 : Reliance Capital Limited welcomed the Reserve Bank of India's (RBI) decision to resolve the company's debt in accordance...

Insolvency and Bankruptcy Code, 2016 a gamechanger reform, says Piyush Goyal

Nov 25, 2021

New Delhi [India], November 25 : The Union Minister of Commerce and Industry Piyush Goyal on Thursday termed the Insolvency and Bankruptcy Code (IBC),...

Resolutions under IBC up by a record 42 pc in FY 2024; real estate and manufacturing accounts for 65 pc of the cases

Aug 02, 2024

The Insolvency and Bankruptcy Code (IBC) recorded the highest-ever number of resolutions in fiscal 2024. In the year 269 cases received approval from the...