Page 5 - Insolvent Companies

Many companies are in default due to force majeure clauses: IBBI Chief

M S Sahoo said that the average life of S&P 500 companies has reportedly reduced from 90 to 18 years over the last century

LS Speaker refers IBC Amendment Bill to standing committee on finance

It was passed by the Cabinet and subsequently introduced in the Lok Sabha during the Winter session earlier this month

NCLAT sets aside Dhanuka's resolution plan for debt-laden Orchid Pharma

NCLT had approved Dhanuka's resolution plan on June 25, 2019

3 years on, just 6% resolution plans accepted under IBC, says report

Of the 2,162 cases admitted under the IBC, corporate insolvency resolution process of 1,292 cases are going on

Sebi may impose trading restrictions on shares of insolvent companies

The announcement will likely be made at Sebi's board meeting next week

'Wilful defaulters' barred from taking back insolvent companies

The Insolvency and Bankruptcy Board of India made norms strict for others bidding for insolvent companies