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Don't fall foul of time limits
The Insolvency Act 1986 (“the Act”) provides Trustees in bankruptcy with a number of mechanisms to reverse transactions, entered into prior to a person being declared bankrupt by the court, which have the effect of diminishing a bankrupt's estate to
Updated: 11/22/2017 09:37A

Union Cabinet Approves Ordinance To Amend Insolvency And Bankruptcy Code
Currently, the IBC does not specify the kind of buyers who can bid for stressed assets of companies that are undergoing bankruptcy proceedings. As a result, promoters could reacquire their companies at a discount once the lenders decide to sacrifice a
Updated: 11/22/2017 09:03A

Union Cabinet Approves Ordinance To Amend Insolvency And Bankruptcy Code
Currently, the IBC does not specify the kind of buyers who can bid for stressed assets of companies that are undergoing bankruptcy proceedings. As a result, promoters could reacquire their companies at a discount once the lenders decide to sacrifice a
Updated: 11/22/2017 09:03A

Insolvency and bankruptcy code approved
An important matter of concern is that the bankruptcy code does not now specify the kind of buyers who can bid for stressed assets of companies that are undergoing bankruptcy proceedings. The IBC is one of Prime Minister Narendra Modi's biggest reforms.
Updated: 11/22/2017 08:41A

Centre to come out with ordinance to tighten insolvency law
NEW DELHI: The government will soon promulgate an ordinance to amend the Insolvency and Bankruptcy Code, aimed at tightening the current framework amid rising number of insolvency cases. The Cabinet on Wednesday approved bringing in an ...
Updated: 11/22/2017 08:37A

Centre to come out with ordinance to tighten insolvency law
NEW DELHI: The government will soon promulgate an ordinance to amend the Insolvency and Bankruptcy Code, aimed at tightening the current framework amid rising number of insolvency cases. The Cabinet on Wednesday approved bringing in an ...
Updated: 11/22/2017 08:37A

Cabinet approves amendments to India's insolvency and bankruptcy code
NEW DELHI: India's cabinet on Wednesday approved amendments to the Insolvency and Bankruptcy Code, the finance minister said, changes that are designed to prevent wilful defaulters from bidding for stressed assets. Finance Minister Arun Jaitley
Updated: 11/22/2017 07:36A

Cabinet approves changes in Insolvency & Bankruptcy code
New Delhi, Nov 22 (UNI) The Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved changes in the insolvency and Bankruptcy code, Finance Minister Arun Jaitley said. Addressing a press conference about the decisions taken by the ...
Updated: 11/22/2017 07:31A

Cabinet approves changes in Insolvency & Bankruptcy code
New Delhi, Nov 22 (UNI) The Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved changes in the insolvency and Bankruptcy code, Finance Minister Arun Jaitley said. Addressing a press conference about the decisions taken by the ...
Updated: 11/22/2017 07:31A

Real Industry Bankruptcy Agreements Filed
Real Industry filed with the U.S. Bankruptcy Court a D.I.P. notes purchase agreement and D.I.P. ABL agreement. Advertisement. According to documents filed with the Court, “Subject to the terms and conditions of this Agreement and the Financing Order
Updated: 11/22/2017 07:14A

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