Topic: Bankruptcy
What is Five-alarm global fire?
The United Nations recently announced that the world is to face five major risks in 2022. These risks are referred to five – alarm global fire. The five...
US National Rifle Association
The United States National Rifle Association recently filed for bankruptcy under Chapter 11 of the bankruptcy code. The association filed for bankruptcy in order to avoid being investigated...
ArcelorMittal’s takeover of Essar cleared by apex court
On 15 Nov, the three judge bench of the Supreme Court has accepted world’s largest steelmaker, Arcelor Mittal’s offer to pay an aggregate Rs 42,000 crore as an...
MCA notifies Insolvency and Bankruptcy Rules, 2019
On 15 Nov, the Ministry of Corporate Affairs (MCA) has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority)...
RBI Proposes New Norms for Debt Resolution
The Reserve Bank of India (RBI) has proposed new norms under Prudential framework for resolution of stressed assets for debt resolution after the earlier one was struck down...11-member working group to go into concept of ‘Group Insolvency’ and suggest a suitable framework
The insolvency regulator Insolvency and Bankruptcy Board of India (IBBI) has set up a 11-member working group under the Chairmanship of former SEBI chief UK Sinha to go...RBI starts process to set up PCR for capturing borrowers’ details
The Reserve Bank of India (RBI) has initiated steps to set up a wide-based digital Public Credit Registry (PCR) to capture details of all borrowers, including wilful defaulters...
