THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE, 2019 PROMULGATED BY THE PRESIDENT

Posted by Arpit Marwah
On January 9, 2020
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The ordinance amends the Insolvency and Bankruptcy Code, 2016 and effaces certain ambiguities therein. The ordinance primarily provides immunity against the prosecution of the corporate debtor in certain circumstances and fills critical gaps in the corporate insolvency framework. The President, in exercise of the powers conferred by clause (1) of Article 123 of the Constitution […]

RBI APPOINTED ADMINISTRATOR OF DHFL CALLS FOR THE FIRST COMMITTEE OF CREDITORS MEETING

Posted by Arpit Marwah
On January 9, 2020
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DHFL CALLS, R Subramaniakumar

Dewan Housing Finance Corporation Ltd. (DHFL), the third largest pure play company focused on mortgage, is the first non-banking financial organization to face the corporate insolvency resolution process under the newly introduced rules under Section 227 of the Insolvency and Bankruptcy Code (IBC). Owing to governance issues and acute liquidity crisis, the Reserve Bank of […]