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Bankruptcy laws

Specials

Edelweiss round-tripping money? RBI order against the financial giant scathing in how it’s using group entities to circumvent IBC regulations: A case study 

Nupur J Sharma -
The Reserve Bank of India on the 29th of May 2024 ordered Edelweiss Asset Reconstruction Company Limited (EARCL) to cease and desist from the acquisition of financial assets
Government and Policy

ED moves court seeking ‘fugitive economic offender’ tag for Sterling Biotech promoters

OpIndia Staff -
Nitin Sandesara was arrested in Dubai in August.
Government and Policy

Promoters of 73000 companies likely to face action over fraudulent transactions post demonetisation: Report

OpIndia Staff -
The premier investigation agency SFIO is currently probing 64 cases of alleged fraud involving 500 companies.
Editor's picks

As ArcelorMittal gears up to clear Rs. 7,500 crores due to SBI, Modi’s IBC sends a clear message: Pay up or shut shop

Abhishek Banerjee -
Modi sarkar is moving the country from crony capitalism to a rule-based regime, the foundation of any first world country
Economy and Finance

Modi’s IBC is making defaulters pay back Rs 1.1 lakh crore and Congress is bound to be unhappy

Abhishek Banerjee -
In recent weeks, we have seen one naamdar and his numerous minions in the ecosystem making all sorts of allegations
News Reports

Modi govt expects recovery of bad loans worth more than Rs 1 lakh crore via its new bankruptcy code

OpIndia Staff -
TATA steel's takeover of Bhushan steel became the first case fully resolved by IBC
News Reports

Blow to loan defaulters: Major amendment in Insolvency and Bankruptcy Code gets President’s nod

OpIndia Staff -
Wilful defaulters will not get a chance to rebid for their assets on auction.
News Reports

Big loan defaulters could soon be facing music as RBI plans to use insolvency laws

OpIndia Staff -
Reserve Bank of India is planning to use insolvency laws against the big loans defaulters.

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