Insolvency and Bankruptcy Code 2016 Current Affairs - 2019

Category Wise PDF Compilations available at This Link

IBBI tightens norms governing resolution professionals (RPs)

Insolvency and Bankruptcy Board of India (IBBI) has tightened norms that governs resolution professionals (RPs), wherein they would be barred from having employment when they are in possession of authorisation to take up work under insolvency law. Also, restrictions will also be in place for relatives of RPs in accepting employment after completion of resolution Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Wilful Defaulters in Nationalised Banks up by 60% in 5 years: Govt

As per a written reply given by Union Finance Minister Smt. Nirmala Sitharaman in Lok Sabha, the number of wilful defaulters in nationalised banks has increased by more than 60% to 8,582 in five years to March 2019. Key Highlights The Finance Minister provided the written reply in Lok Sabha to a question asked that Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Cabinet approves additional posts in NCLAT

The Union Cabinet has approved the creation of six additional posts in the National Company Law Appellate Tribunal (NCLAT). The proposal involves the creation of three additional posts each for judicial members and technical members in the NCLAT. The creation of additional posts will help meet the mandate provided to NCLAT by the Finance Act Read More…

Month:  Categories: Governance & Politics

Tags:

IBBI Signs Cooperation Agreement with IFC

The Insolvency and Bankruptcy Board of India (IBBI) has signed a cooperation agreement with the International Finance Corporation (IFC) to assist IBBI in further building the capacity of insolvency professionals and insolvency professional agencies for the purpose of the bankruptcy code. Strengthening IBBI IBBI established under the Insolvency and Bankruptcy Code, 2016 provides a platform Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Union Cabinet approves Proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017

The Union Cabinet has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017 which will provide a comprehensive resolution framework for financial sector entities to deal with bankruptcy situation in banks, insurance companies, and other entities. Salient Highlights The bill will pave way for the establishment of Resolution Corporation. The Resolution Corporation Read More…

Month:  Categories: Constitution & Law

Tags:

Insolvency and Bankruptcy Board sets up two advisory committees

The Insolvency and Bankruptcy Board of India (IBBI) has set up two high-level advisory committees to gather inputs from experts, including on service providers and corporate liquidation. IBBI has been set up under the Insolvency and Bankruptcy Code, 2016 and is expected to soon operationalize. The two committees have begun their deliberations. Key Facts The Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Monthly Current Affairs Compilations are also available in GKToday's Academy App for Android Mobiles. Download Now