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Pre-Package Bankruptcy For 60% Of All Active Companies: MCA
As per a top government official, 6 of the 10 active Indian companies will be eligible for the new pre-packaged bankruptcy scheme that allows quicker debt resolution. This is because out of the 1.3 million companies in the country only ...
Pre Package Bankruptcy For 60 Of All Active Companies Mca

NCLT Orders Insolvency Resolution Process Against OYO Hotels
Considering an application filed by an operational creditor in respect of non-payment of dues totaling to Rs. 16 lakh, the Ahmedabad bench of NCLT has ordered the start of a corporate insolvency resolution process of Oyo Hotels. "The creditors ...
Nclt Orders Insolvency Resolution Process Against Oyo Hotels
FM Announces Some Relief For Covid Impacted Businesses
The Finance Minister today announced some relief to the Covid impacted businesses, while announcing her fifth and final tranche of the economic package. Accordingly, debts related to Covid will be excluded from default under Insolvency and Bankruptcy Code. "No fresh insolvency ...
Fm Announces Some Relief For Covid Impacted Businesses
This Is Why Bank Stocks Surged In Friday's Session
Bank stocks in intra-day trade were on a rallying spree with some of the names such as SBI, PNB, Canara Bank surging upto 7%. Even private sector lenders including ICICI Bank and HDFC Bank recorded hike in market price. Corporation Bank ...
This Is Why Bank Stocks Surged In Friday S Session
Thomas Cook Group Collapse Not To Affect Thomas Cook India
As debt piles on, 178-year old travel provider collapsed on Monday after failed talks with creditors. On Monday, Thomas Cook PLC's collapse left thousands of holidaymakers stranded around the world, forcing the British government to hire charter planes to bring them ...
What is Bankruptcy? Procedure for Bankruptcy
Money is one of the essential things for the survival of a business. Money can be raised through banks, financial institutions, the sale of shares, selling assets and so on. After raising money and using it for the essential purpose. The ...
What Is Bankruptcy Procedure Bankruptcy
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