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Since 2016, IBC has enabled the direct resolution of ₹12 lakh crore of debt for around 1,200 cases of stressed borrowers.
Minister of State for Finance, Pankaj Chaudhary, stated in Parliament that the State Bank of India (SBI) has classified ...
The bank has also initiated Personal Insolvency Resolution Process under IBC against Anil Ambani and the same is being heard by NCLT, Mumbai, Minister of State for Finance, Pankaj Chaudhary, said.
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ABP News on MSNIndia's IBC Resolves Rs 26 Lakh Crore Debt, Empowering Creditors And Boosting RecoveryData shows that the average recovery under the IBC has been 30-35 per cent, which is much higher than 22 per cent under SARFAESI, 7 per cent under DRT, and just 3 per cent through Lok Adalats ...
NCLT approves Adani Cementation merger with Ambuja Cements, consolidating Adani Group's cement business for synergistic ...
IREDA was the first lender to file for insolvency against Gensol and has since seen an interim resolution professional (IRP) ...
State Bank of India (SBI) has classified Reliance Communications and its promoter director, Anil D Ambani, as 'fraud', ...
SBI Reclassifies RCom and Anil Ambani as 'Fraud', Rs 3,000 Crore Exposure - SBI reclassifies RCom and Anil Ambani as fraud ...
State Bank of India has classified Reliance Communications along with promoter director Anil D Ambani as 'fraud' and is also ...
The Insolvency and Bankruptcy Code (IBC) has helped resolve over Rs 26 lakh crore of stressed debt in India since its ...
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