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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

Govt Extends Suspension Of IBC Proceedings By Another 3 Months
The Ministry of Corporate Affairs (MCA) has extended the suspension of insolvency proceedings initiation against corporates for debt defaults by another 3 months from 25 December to 25 March 2021. For debt defaults arising from the COVID-19 lockdown, the central ...
Some Relief To Firms As Govt Extends IBC Suspension For 3 Months
On Thursday, the central government extended the suspension on initiating bankruptcy proceedings under Insolvency and Bankruptcy Code (IBC) against firms for three more months till 24 December. The Ordinance introduced in June suspending insolvency proceedings against any default arising for ...
Some Relief To Firms As Govt Extends Ibc Suspension For 3 Months
GST Annual Returns Filing Deadline Extended
The Ministry of Finance has extended the deadline on filing annual GST return and audit for the financial year 2018-19 to 30 September 2020. Other relaxations were also announced including the extension of the validity of e-way bills till the month-end. ...
Gst Annual Returns Filing Deadline Extended
Govt Provides Compliance Relief To Companies Amid Lockdown
Finance Minister Nirmala Sitharaman announced some compliance relief measures for businesses in India. GST Last date for filing March, April and May 2020 GST (goods and service tax) returns has being extended to 30 June 2020. Different staggering dates will ...
NCLT Admits Insolvency Plea Against Jet Airways
The Mumbai bench of National Company Law Tribunal (NCLT) on Thursday, admitted petition filed by the State Bank of India (SBI) for resolution of Jet Airways under the Insolvency and Bankruptcy Code (IBC). The NCLT also directed the Interim Resolution Professional ...
Nclt Admits Insolvency Plea Against Jet Airways
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