Homebuyers relief is a matter of concern for financial Institutions to lend to developers
The homebuyers have got a huge sigh of relief, and are finding it easier to get their money back which was a big deal before the enactment of IBC.
Search Results for: Insolvency Resolution process
Promoters abusing IBC, contends stakeholders of TechPro and Educomp
The IBC in section 29A bars promoters to take part in bidding process thus making them ineligible for representation in the committee of creditors.
2100 companies have settled bank dues of rupees eighty three thousand crore under IBC
The ministry of corporate affairs showed that over 2,100 companies have cleared their outstanding amounts, a majority of which came after the government amended the IBC.
Powers and Fees of liquidation professional as liquidator
Their powers are extensive and under their purview the liquidation process of a corporate person is carried out.
IBC provides relief under this code to Homebuyers and MSME’s
The government could soon promulgate an ordinance to make changes to the Insolvency and Bankruptcy Code that will provide relief to small businesses and homebuyers
Financial Sector Reforms in India
The IBBI and the adjudicating authority are set to play a major role towards the implementation of the new insolvency regime which undoubtedly acts as a catalyst of change and ensures ease of doing business in India.
Provisions of IBC to be rechecked said Uday Kotak
The Government needs to re-look certain provisions of the Insolvency and Bankruptcy Code (IBC) as a situation might emerge where there is only one buyer for a stressed asset
Big terrible loan monster is eating away India’s economic growth: IMF
India horrific loans presently have soared to whopping Rs 9.5 lakh crore. It’s not only a huge quantity, it’s a large monster that is eating away India’s financial increase. IMF in a document said India’s key banks seem resilient, however the device is situation to huge vulnerabilities. “The economic sector is going through great demanding … Continue reading “Big terrible loan monster is eating away India’s economic growth: IMF”
Micro, Small and Medium Enterprises likely to get Bifurcated Norms
The government fore-show that to foothold the interest of micro, small and medium enterprises (MSME) will get bifurcated norms for insolvency proceedings.
Jaypee set one’s sight on delivering 5,100 flats by March 2018
Jaypee infra set one’s sight on delivering its 5,100 flats and apartments by March 2018 from the ongoing tussle with homebuyers and lenders.
Abetment to Jaypee Infratech’s Bankrupt Consumers
The State Government of Uttar Pradesh has beefed up to provide abetment to the bankrupt homebuyers who have invested their life’s saving.
Closing A Company Is Not An Easy Task, Know Clauses To Close A Company
A business may need to be closed for many reasons that may be due to business failure or any other unavoidable circumstances.
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