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Govt. forms Insolvency and Bankruptcy Board of India (IBBI)
- October 4, 2016
- Posted by: BiconAdmin
- Categories: Insolvency and Bankruptcy Code 2016, Miscellaneous
No CommentsAfter the approval of the Bankruptcy Code, the Centre has constituted a four-member Insolvency and Bankruptcy Board of India (IBBI) under the Chairmanship of MS Sahoo. The main activity of IBBI would be to regulate the functioning of insolvency professionals, insolvency professional agencies and information utilities under the Insolvency and Bankruptcy Code 2016. Sahoo, who
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Lodha, Piramal to set up ARCs, looking to partner foreign funds
- August 4, 2016
- Posted by: BiconAdmin
- Categories: Debt Recovery, Debt restructuring, Insolvency and Bankruptcy Code 2016, Miscellaneous
In what could just be the beginning of large cash rich groups with a real estate expertise taking over stressed assets, Piramal Group and Lodha Group are looking to set up asset restructuring companies (ARCs), people close to the development said. According to the plan, both the players would invest initial money for the ARCs
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Parliament passes the Insolvency and Bankruptcy Code
- July 19, 2016
- Posted by: BiconAdmin
- Categories: Insolvency and Bankruptcy Code 2016, Miscellaneous
11-May-2016 was a historical day for economic reforms in India when the Rajya Sabha passed the major economic reform Bill moved by the Government i.e. ‘Insolvency and Bankruptcy Code, 2016’. This is considered as the biggest economic reform next only to GST. The Lok Sabha had earlier passed the Bill on 5th May, 2016. In
