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Archive for February, 2020
Insolvency & Bankruptcy in India – 5 Crucial Reform
Insolvency is a situation wherein an individual or company fails to fulfill financial liabilities in a timely manner. The Insolvency and Bankruptcy Code features the rules and guidelines for an…
- Feb 27
- 2 mins read
How to Become Registers Insolvency Professional or Resolution Professional
An Insolvency Professional works on the guidelines of Insolvency and Bankruptcy Board of India (IBBI) and must be affiliated with an insolvency professional agency. They play a major role in…
- Feb 26
- 2 mins read
All you need to know about IBC & CIRP
The Insolvency and Bankruptcy Code, 2016 (‘Code’) redefined the structure for the Indian Insolvency resolution Process.In no time, it became a reform by the stakeholders, of the stakeholders and for the stakeholders……..
- Feb 21
- 3 mins read
How to File Bankruptcy for Startup?
Filing bankruptcy for a startup means the business has become insolvent. The whole process that takes place after filing bankruptcy is called insolvency resolution. This process aims to give relief to the debtor from insolvency
- Feb 19
- 2 mins read
GFG Alliance acquires Adhunik Metaliks and Zion Steel
UK-based business baron Sanjeev Gupta’s GFG Alliance marks their first entry in India by acquiring the stressed steel companies Adhunik Metaliks and Zion Steel for Rs 425 crores on Tuesday.
- Feb 18
- < 1 min read
Nifty PSU Bank index nears four-year low, Six banks tumble to 5-year low
Shares of public sector banks (PSBs) continued to pitch under pressure on Tuesday using all the Nifty PSU Bank index nearing its academic low level. It dipped below its previous low of 2113.05 levels struck October 9…
- Feb 18
- 2 mins read
Lenders set to Regain 43.1% from insolvency proceedings
Successful settlements of corporate insolvency proceedings until the end of 2019 are set to result in recoveries of Rs 1.52 lakh crore for lenders, averaging 43.1 percent of their filed claims of Rs 3.52 lakh crore…
- Feb 15
- 2 mins read
Government Clears Rs 540 crore in Trapped housing Jobs from stress fund
The government, which has set up a Rs 25,000-crore pressure finance to revive stalled housing projects, on Friday said it’s cleared investments of over Rs 540 crore in a few stuck residential properties that will benefit 1,800 homebuyers.
- Feb 14
- < 1 min read
Max Estates forms JV with New York Life for Noida realty project
Max Estates, the wholly owned subsidiary of Max Ventures and Industries, has formed a 51:49 joint venture with New York Life Insurance, the biggest mutual life insurance provider in the USA…
- Feb 13
- 2 mins read
Amtek Auto lenders accept 80% haircut on Rs 12,700 crore dues
More than 70 percent of those creditors by worth consented to the 2,700 crore offer in the real estate investor, the majority of it stemming from prospective of Amtek…
- Feb 13
- 2 mins read
Latest Post
How Does Corporate Insolvency Resolution Process (CIRP) Works?
- April 20, 2020
- 4 mins read
What is Bankruptcy?
- April 18, 2020
- 4 mins read
What Bankruptcy Software Entails?
- April 15, 2020
- 4 mins read
What Software is Available For Insolvency Practitioners?
- April 13, 2020
- 3 mins read
DIFFERENCE BETWEEN INSOLVENCY AND BANKRUPTCY CODE 2016 AND 2018
- April 9, 2020
- 4 mins read