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Bankruptcy law News

India's new bankruptcy law

11 Jul 2017

First test of India's new bankruptcy law offers cautionary tale

The World Bank estimated it took 4.3 years on average in India to resolve insolvency under the old laws, more than twice as long as in China.

14 Jun 2017

RBI identifies 12 accounts responsible for 25% of Rs 8 lakh crore bad loans

The RBI on Tuesday identified 12 accounts each having more than Rs 5,000 crore of outstanding loans and accounting for 25 percent of total NPAs of banks for immediate referral for resolution under the bankruptcy law.

monsoon session

23 May 2017

'Bill to address bankruptcy in fin sector in next Parliament session'

The government is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs.

Arvind Subramanian

02 Mar 2017

India's economic, political systems yet to mature: CEA Arvind Subramanian

Economic and political systems in India have "not developed maturity" for nuanced interventions and tend to take recourse to bans and restrictions, Chief Economic Advisor Arvind Subramanian said on Thursday.

26 Nov 2016

Bold reforms like demonetisation to boost economic growth: NITI Aayog

The chief of government think-tank NITI Aayog pointed out that exports have to play a very critical role as the share of India's exports in global markets is very minimal, at just 1.7 per cent.

17 Nov 2016

GST, bankruptcy laws to facilitate mergers and acquisitions: PHD Chamber

Industry body PHD Chamber on Thursday said the Goods and Services Tax (GST) and bankruptcy laws will emerge as facilitators for both inbound and outbound mergers and acquisitions (M&A) in the country.

India's economic growth

25 Oct 2016

India's economy to grow 8%, agri sector over 4% this fiscal: Das

Pinning hopes on a slew of government reforms, Economic Affairs Secretary Shaktikanta Das on Tuesday said the GDP growth will be around 8 percent this fiscal while the agriculture sector is expected to grow over 4 percent.

Bankruptcy and Insolvency law

25 Oct 2016

Bankruptcy and Insolvency law likely to be operational by year end

Economic Affairs Secretary Shaktikanta Das on Tuesday expressed hope that the Bankruptcy and Insolvency law would become operational by the end of this year, leading to further ease of doing business.

20 Sep 2016

India's rating upgrade in 2 years if reforms tangible: Moody's

Calling the reform process slow and gradual with muted private investment and NPAs posing a challenge, Moody's today said it could upgrade India's rating in 1-2 years if it is convinced that reforms are "tangible".

08 Aug 2016

Passage of quicker debt recovery bill credit positive: Moody's

Passage of the Bill to fast track debt recovery, together with the bankruptcy law passed earlier, will lead to structural improvements and is credit positive for Indian banks, Moody's Investors Service said on Monday.

Reserve Bank of India

07 Jun 2016

Transmission of monetary policy to influence economic development: Moody's

Mumbai: With the Reserve Bank of India (RBI) not altering policy rates, it will be only the transmission of monetary policy that would influence India`s economic development and credit profile, credit rating agency Moody`s Investors Service said on Wednesday.

India's foreign policy

07 Jun 2016

India's foreign policy change opens new avenues for businesses

Washington: Change in India's foreign policy has not only opened up "new avenues" for Indian businesses globally, but also allowed them to shed the earlier "defensive outlook", a leading Indian trade body has said.

26 May 2016

Bankruptcy law credit positive for banks: Moody's

The current weak legal framework for asset resolution has been a key structural credit weaknesses for Indian banks, it said.

14 May 2016

Market Debates - Modi Government's Two year completion : Part 1

Ministry of Corporate Affairs

08 May 2016

MCA regional directors get more powers under companies law

To reduce procedural requirements, the Ministry of Corporate Affairs (MCA) has given more powers to its regional directors with respect to scrutinising firms suspected of violating companies law.

05 May 2016

Lok Sabha nod for insolvency and bankruptcy code

The Lok Sabha on Thursday gave its nod to the Insolvency and Bankruptcy Code, 2016, that seeks to improve the ease of doing business in the country.

27 Apr 2016

Joint Parliament Standing Committee clears Bankruptcy Law: FM Jaitley

Finance Minister Arun Jaitley on Wednesday said the Joint Parliament Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament.

Ease of Doing Business

21 Dec 2015

Govt brings bankruptcy law to improve ease of doing biz

Seeking to improve ease of doing business, government on Monday introduced in Parliament the 'Insolvency and Bankruptcy Code, 2015' that provides for resolution of insolvency in a timebound manner.

19 Dec 2015

Govt to push for bankruptcy law in Parliament in next 3 days: FM Jaitley

The government will push for a bankruptcy law in parliament in the remaining three days of the winter session.

04 Nov 2015

Bankruptcy law report submitted; bill in Winter Session

The government, according to Finance Minister Arun Jaitley, would try to introduce a bill on bankruptcy law in the forthcoming Winter Session of Parliament.

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