Bombay HC warns misuse of Insolvency and Bankruptcy Code by loan defaulters harms secured creditors and the economy.

Bombay HC flags misuse of Insolvency & Bankruptcy Code by loan defaulters, impacting economy. Court criticizes moratorium abuse.

The Bombay High Court has strongly condemned loan defaulters and guarantors for exploiting the Insolvency and Bankruptcy Code. This practice allows them to seek immunity by triggering a moratorium, ...

The Insolvency and Bankruptcy Code, 2016 (“IBC”) was enacted to “consolidate and amend the laws relating to reorganisation and insolvency resolution of corporat ...

The Bombay High Court has criticized loan defaulters for abusing the Insolvency and Bankruptcy Code (IBC) to halt creditor actions, harming the economy. Judge noted the tactic undermines the IBC's ...

To tackle the systemic issues of prolonged resolution timelines and excessive litigation, a parliamentary panel has proposed ...

The government has approved most of the recommendations of the parliamentary select committee led by Baijayant Panda.

Amendments to IBC are expected soon. The real test of the proposed changes will be whether they simplify the process and ...

Reliance Communications' resolution professional has filed a review petition in the Supreme Court challenging its ruling that ...

The revised IBC Amendment Bill has received Cabinet approval and will be presented in Parliament during the Budget session.

The Bill seeks to make limited modifications to the proposals by the Baijayant Panda-led Parliamentary select committee, which examined the previous version.

Reliance Communications has filed a review petition against the Supreme Court's ruling that prevents spectrum sales under the Insolvency and Bankruptcy Code, arguing it threatens the telecom sector ...