Sat, May 04, 2019
Amid rising number of stressed assets being referred for resolution under the Insolvency and Bankruptcy Code (IBC), IBBI chief M S Sahoo said the law also gives opportunities to rectify the mistakes during the insolvency process.
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Thu, May 02, 2019
IBBI issues draft rule on defaulter guaranteer to solve insolvency cases. Watch video to know more
Sun, Mar 10, 2019
"In Binani, the one which was approved was within the rules. The one which was rejected was because it was not balancing the interest of the stakeholders," IBBI chairman M S Sahoo told PTI when asked about resolutions of Essar Steel and Binani Cement.
Thu, Oct 18, 2018
From February next year, only entities registered as valuers with the IBBI can carry out valuation of assets under the insolvency law, according to a circular.
Mon, Dec 11, 2017
The Insolvency and Bankruptcy Board of India (IBBI) on Sunday notified the regulations to deal with complaints and grievances filed against service providers including insolvency professionals, agencies and information utilities.
Mon, Jun 26, 2017
RBI said, "The Internal Advisory Committee (IAC) recommended for IBC reference all accounts with fund and non-fund based outstanding amount greater than Rs 5000 crore, with 60% or more classified as non-performing by banks as of March 31, 2016. The IAC noted that under the recommended criterion, 12 accounts totaling about 25% of the current gross NPAs of the banking system would qualify for immediate reference under IBC."
Sun, May 14, 2017
According to a top official from IBBI, the government's Insolvency and Bankruptcy Code is likely to be operational in next three months.
Sun, Oct 02, 2016
Government has appointed four nominees, including two joint secretaries, to the Insolvency and Bankruptcy Board of India (IBBI).
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