Category : Search result: IBC government dues


MMC seals banks for rent dues, uses Gandhian rose appeal

Mormugao Municipal Council sealed a public and a private bank branch in Vasco for failing to pay Rs 9 lakh rent. The council is using a unique 'Gandhian' method with roses to recover dues from other defaulters.

Rs 2.47 Crore Rent Dues on Bhubaneswar Govt Quarters

Govt quarters in Bhubaneswar allotted to NGOs, individuals, and political parties have accumulated massive rent arrears of Rs 2.47 crore, reveals CM Majhi. Read about the top defaulters and the state's recovery plan.

Realty IBC Reforms Pushed to Later Phase

Government to introduce corporate IBC amendments first, delaying structural reforms for homebuyers and stuck projects. Key changes for real estate require further consultation. #IBC #RealEstate

ED Uncovers IBC Misuse, Bid Rigging in NCLT Cases

Enforcement Directorate exposes manipulation of insolvency process, arrests Lalu Prasad Yadav's aide Amit Katyal. Crucial evidence of bid rigging and ₹50 lakh cash seized in nationwide probe.

IBC Reforms: Biggest Changes in 9 Years Coming

India's Insolvency and Bankruptcy Code undergoes major reforms with cross-border insolvency and faster debt resolution. Parliament to consider revised bill in December session.

Bank Chiefs to Monitor Top NCLT Cases Personally

Public sector bank CEOs must personally oversee top 20 pending NCLT cases and 10 resolution accounts. DFS Secretary Nagaraju urges swift action for better recoveries through IBC ecosystem.

GBA Targets Tax Defaulters for ₹3,100 Cr Recovery

Greater Bengaluru Authority launches aggressive tax recovery drive to address ₹3,100 crore shortfall. Chief Commissioner orders immediate action against top defaulters. Read full details.

Govt mulls tower-level insolvency for homebuyers

Indian government and IBBI are developing a tailored real estate insolvency framework focusing on project or tower-level resolutions to protect homebuyers from construction delays. Learn how this new approach could transform the housing sector.

IBBI's New Valuation Format Aims to Cut Litigation

IBBI introduces standardized valuation format for distressed assets to enhance transparency and reduce lawsuits. Public feedback accepted until December 10. Learn how this impacts creditors.

Bidar Sugarcane Farmers Protest Enters 7th Day

Sugarcane farmers in Karnataka's Bidar district continue protest for 7th day demanding unpaid dues from sugar factory. Police deployment continues as agitation persists.

Vodafone Idea Stock Jumps 14% in Weekly Rally

Vodafone Idea shares surge 14% this week, hitting 1-year high at ₹11.08. Q2 results beat estimates, Supreme Court relief on AGR dues fuels rally. Key details inside.

ICAI Proposes IBC Reforms to Parliament Panel

The Institute of Chartered Accountants of India submits comprehensive recommendations for Insolvency and Bankruptcy Code amendments to strengthen corporate resolution framework.

Page 1 of 4