Page-2 of Bankruptcy Current Affairs, GK & News
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 and also the pending legal suits in order to check financial delinquencies. The PCR will also include data from entities like market regulator SEBI, the Ministry of ..
Insolvency and Bankruptcy Code (IBC) act was considered as a path breaking legislation which provided for a time bound resolution of insolvency and bankruptcy cases. The act was brought in to address the challenge of chakravyuha i.e. exit issues in the Indian economy . The issue was highlighted in the Economic Survey, 2016. Features of ..
Topics: Bankruptcy • Debt • Economy • Finance • Insolvency • Insolvency and Bankruptcy Board of India • Insolvency and Bankruptcy Code • Insolvency in Ireland • Modi administration • Money • National Company Law Tribunal • United Kingdom insolvency law
The Union Government has constituted a high level empowered committee to address the issues of stressed thermal power projects. The committee will be headed by Cabinet Secretary, Pradeep Kumar Sinha with representatives from the Ministry of Railways, Ministry of Finance, Ministry of Power, Ministry of Coal and the lenders having major exposure to the power ..
The Indian Overseas Bank (IOB) has signed Information Utility (IU) pact with National E-Governance Services Limited (NeSL) to share financial and security information under the Insolvency and Bankruptcy Board of India (IU) regulation 2017.. With this agreement, the IOB branches will be able to provide high-quality, authenticated information about debts and defaults; which will have ..
India has gained 30 places to rank 100th among 190 countries in the latest ease of doing business ranking by the World Bank (WB), in its Doing Business 2018 report. The improvement was due to a slew of reforms in taxation, licensing, investor protection and bankruptcy resolution. New Zealand has topped the list, followed by ..