NCLAT Fortnightly: Important orders on IBC (December 1 – December 15, 2023)
The article provides a brief look at important orders passed by the NCLAT under the IBC between December 1 and December 15, 2023.
Source: barandbench.com
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Bank of Baroda emerges as the fastest to issue 1,000 Electronic Bank Guarantees on the NeSL Platform
Hyderabad : Bank of Baroda (Bank), one of India’s leading public sector banks, has emerged as the fastest in the industry to issue 1,000 Electronic Bank Guarantees (e-BGs) on the National E-Governance Services Limited (NeSL) platform. Having introduc
Source: orissadiary.com
Share of real estate in recoveries under IBC rises to 18.8 percent - Report
India Business News: Real estate sector on a reported basis accounted for more than 50% of the total realizations under IBC. However subsequent to release of data by IBBI,
Source: indiatimes.com
Share of real estate in recoveries under IBC rose to 18.8% until June 2023: Report
To further streamline the corporate insolvency resolution process, the report added that the Ministry of Corporate Affairs has invited comments on changes being considered by the Insolvency and Bankruptcy Code.
Source: moneycontrol.com
Cultivating innovation: The role of IBC in nurturing India's entrepreneurial ecosystem
The IBC has established a structured framework for resolving insolvency, encouraging collaboration between creditors and debtors to seek mutually beneficial resolutions.
Source: indiatimes.com