Bankruptcy News

Indian creditors recovered a massive Rs 3.6 Lakh Crore in 8 Years through Insolvency and Bankruptcy code, reason is..., CPA report says...

PTI February 2, 2025 10:50 PM IST

The Insolvency and Bankruptcy Code (IBC), which provides for a market-linked and time-bound resolution of stressed assets, came into force in 2016. Speaking at a conference organised by industry body Assocham and accounting body CPA Australia, Mital said creditors have recovered around Rs 3.6 lakh crore has been recovered by creditors under the IBC in the last 8 years.

Why London High Court Thinks Vijay Mallya Should be Given More Time

PTI April 10, 2020 9:03 AM IST

"The parties agreed to a hearing after 1 June 2020. The outbreak of Covid-19 has made fixing a date uncertain. In my judgment it is in the interests of the administration of justice and in the public interest that this judgment be handed down now," the ruling noted.

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