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New Delhi, April 6: The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group (RAAG). This was revealed in a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases and is probing the roles of certain public servants as well. Supreme Court reviews investigation status After reviewing the status report filed by th ...Read More >
The Supreme Court on Thursday set aside the bail granted to businessman Satinder Singh Bhasin in connection with a multi-crore rupee alleged Grand Venice Mall scam in Greater Noida. A bench comprising Justices Sanjay Karol and N K Singh directed Bhasin to surrender before the jail authorities within a week. "The petitioner has not complied with the conditions of bail imposed upon him vide order dated November 6, 2019. Resultantly, the bail granted to the petitioner is cancelled. The petitioner ...Read More >
New Delhi: The Insolvency and Bankruptcy Code has helped in improving the health of the Indian banking sector, Finance and Corporate Affairs Minister Nirmala Sitharaman said on Wednesday. Parliament passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, after the Rajya Sabha approved the bill with a voice vote. It was approved by the Lok Sabha on March 30. Replying to a short discussion on the bill in the Rajya Sabha, the minister said the World Bank, in its 2019 report, observed tha ...Read More >
New Delhi, Apr 1 (PTI) Parliament on Wednesday passed amendments to the insolvency law to provide faster resolution of stressed firms and reduce case backlog, with Finance Minister Nirmala Sitharaman emphasising that the intent is not to liquidate companies but to help them run with guardrails. The Rajya Sabha on Wednesday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. As of December 2025, IBC has facilit ...Read More >
New Delhi, Apr 1 (PTI) The Insolvency and Bankruptcy Code has helped in improving the health of the Indian banking sector, Finance and Corporate Affairs Minister Nirmala Sitharaman said on Wednesday. Parliament passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, after the Rajya Sabha approved the bill with a voice vote. It was approved by the Lok Sabha on March 30. Replying to a short discussion on the bill in the Rajya Sabha, the minister said the World Bank, in its 2019 report, ...Read More >
New Delhi [India], April 1 (ANI): Parliament on Wednesday passed key amendments to the Insolvency and Bankruptcy Code (IBC), with Finance Minister Nirmala Sitharaman stating that the changes aim to address delays, improve recovery outcomes and strengthen investor confidence in India's insolvency framework. The Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. Also Read | KKR vs SRH Dream11 Predic ...Read More >
New Delhi, Apr 1 (PTI) The Opposition in the Rajya Sabha criticised the government on Wednesday for frequent amendments to the Insolvency & Bankruptcy Code, significant haircuts, alleged favouritism towards large corporate defaulters, and ongoing infrastructure issues at the NCLT, alongside increasing backlogs before the tribunal. The Rajya Sabha was debating the Insolvency and Bankruptcy Code (Amendment) Bill, 2026. The bill has proposed 12 amendments to the Insolvency & Bankruptcy Code (IBC), ...Read More >
New Delhi [India], April 1 (ANI): Parliament on Wednesday passed key amendments to the Insolvency and Bankruptcy Code (IBC), with Finance Minister Nirmala Sitharaman stating that the changes aim to address delays, improve recovery outcomes and strengthen investor confidence in India's insolvency framework. The Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. Replying to a discussion on the bill ...Read More >
New Delhi: Parliament on Wednesday passed amendments to the Insolvency and Bankruptcy Code (Amendment) Bill, 2026 to provide faster resolutions, reduce case backlog and strengthen the financial ecosystem. The Rajya Sabha passed the bill with a voice vote, while it was passed by the Lok Sabha on March 30. Replying to a short discussion on the bill in the Rajya Sabha, Union finance minister Nirmala Sitharaman said the IBC has contributed to the health of the Indian banking sector and helped recov ...Read More >
New Delhi, Apr 1 (PTI) Parliament on Wednesday passed amendments to the Insolvency and Bankruptcy Code (IBC) to provide faster resolutions, reduce case backlog and strengthen the financial ecosystem. The Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. Replying to a short discussion on the bill in the Rajya Sabha, Finance Minister Nirmala Sitharaman said the IBC has contributed to the health of ...Read More >
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill 2026 to speed up insolvency cases, boost creditor rights, enable cross-border resolution, and strengthen India's financial system. To strengthen the financial system of India, Lok-Sabha have passed the Insolvency and Bankruptcy Code (Amendment) Bill on March 30, 2026. This reform aims to speed up the insolvency resolutions, reduce delays and the improve creditor confidence. While announcing the speech of Nirmala Sitharaman highlig ...Read More >
New Delhi: The Lok Sabha on Monday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aimed at accelerating insolvency resolutions and strengthening India's bankruptcy framework. Piloting the Bill, Finance and Corporate Affairs Minister Nirmala Sitharaman said the proposed 12 amendments will help maximise value for stakeholders, improve governance, and address persistent delays caused by litigation. A key provision mandates that insolvency applications be admitted within 14 days ...Read More >
New Delhi: Finance and corporate affairs minister Nirmala Sitharaman on Monday said the decade-old insolvency law has been instrumental in improving the health of the country's banking sector by rescuing stressed firms and ensuring recovery of bad loans, as the Lok Sabha passed a bill to amend the legislation. Replying to a discussion on Insolvency and Bankruptcy Code (IBC) Amendment Bill, 2025, in the lower house, Sitharaman said it rolls out new resolution frameworks, stipulates strict timeli ...Read More >
'After some days, the decision was changed. Don't want to go into the details. That is for the right forum,' says Anil Agarwal, chairman of Vedanta Resources. Anil Agarwal, chairman of Vedanta Resources Limited, on Sunday said the company had been declared the highest bidder for Jaiprakash Associates Ltd (JAL), but the outcome of the insolvency process was subsequently altered. In a post on X, Agarwal said the bidding process was conducted through a public auction by the committee of creditors ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite ...Read More >
New Delhi: The Lok Sabha on Monday passed a bill to amend the insolvency law to provide for strict timelines, an out-of-court settlement option and enable the framework for cross-border insolvency processes. Piloting the bill in the Lok Sabha, Finance and Corporate Affairs Minister Nirmala Sitharaman said that 12 amendments are being made in the Insolvency and Bankruptcy Code (IBC), which came into force in 2016, that would help maximise the value for stakeholders and improve the governing proc ...Read More >
The Select Committee on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, chaired by MP Baijayant Panda, seeks input from stakeholders on proposed changes. The amendment aims to introduce new processes and enhance efficiency in insolvency resolution. The bill was tabled by Finance Minister Nirmala Sitharaman. The Select Committee on the Insolvency and Bankruptcy Code (IBC) Amendment Bill, 2025, is calling for expert opinions and suggestions on the proposed legislative changes. Led by M ...Read More >
New Delhi, Sep 26 (PTI) JSW Steel on Friday welcomed the Supreme Court's decision of upholding its resolution plan for Bhushan Power and Steel, saying the verdict has reinforced the integrity and sanctity of the Insolvency and Bankruptcy Code (IBC) Earlier, in the day, the Supreme Court upheld JSW Steel's Rs 19,700 crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL), bringing down curtains to a prolonged legal battle that spanned nearly eight years. A bench comprising C ...Read More >
New Delhi: The Enforcement Directorate (ED) has decided to initiate "focused strategies" to investigate financial crimes arising from the recent Union government ban on real-money online gaming. The federal agency will also ensure the timely filing of charge sheets and pursue the "fast tracking" of trials in money laundering cases. These issues were discussed during the 32nd quarterly conference of all zonal officers, comprising supervisory heads of the agency, held in Srinagar, Jammu and Kashm ...Read More >
The Supreme Court on Friday suggested major reforms in the Insolvency and Bankruptcy Code "to restore faith in the regulatory and insolvency framework," even as it urged the government to come up with a revival fund to provide financing for stressed real estate projects undergoing insolvency proceedings. The apex court said that the Right to Housing was not merely a contractual entitlement but a facet of the fundamental Right to Life under Article 21 of the Indian Constitution and the governmen ...Read More >
NEW DELHI: Highlighting misuse of insolvency proceedings in real estate sector which is triggered by speculative investors and affecting the interest of genuine homebuyers, Supreme Court said such investors are acting like a "slow poison" for the residential real estate sector and they are interested in making profits and not in getting possession of flats.A bench of Justices JB Pardiwala and R Mahadevan said that "trigger-happy" speculative investors always intend to seek easy exits from the pr ...Read More >
New Delhi, Aug 21 (PTI) The proposed amendments to the insolvency law will help in saving time and ensure faster resolution of stressed assets, IBBI Chairperson Ravi Mital said on Thursday. On August 12, the government introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code (IBC), proposing a raft of changes, including provisions to reduce the time taken for admission of insolvency resolution applications. The bill, which has been referred to a select committee of the Lo ...Read More >
Nirmala Sitharaman presented a bill in Lok Sabha to amend the Insolvency and Bankruptcy Code. The bill is now with a parliamentary committee for review. The changes aim to speed up bankruptcy resolutions and improve creditor recoveries. The creditor-led resolution framework will reduce the workload of the National Company Law Tribunal. Finance and corporate affairs minister Nirmala Sitharaman on Tuesday introduced a bill in the Lok Sabha for amendments to the Insolvency and Bankruptcy Code (IBC ...Read More >
Union Minister of Parliamentary Affairs Kiren Rijiju will hold a meeting with the floor leaders of political parties in both the Houses of Parliament, ahead of the Monsoon Session of Parliament scheduled to begin on Monday. The meeting will be held in Main Committee Room, Parliament House Annexe. The meeting will be followed by a media briefing. The meeting will commence at 11:00 AM, as per an official communication. The Government had earlier announced the schedule for the Monsoon Session of ...Read More >
New Delhi [India], July 10 (ANI): Bharatiya Janata Party MP and the Chairperson of the Parliamentary Standing Committee for Finance, Bhartruhari Mahtab, met Reserve Bank of India Governor Sanjay Malhotra on Thursday. Stating that he had a very 'meaningful' discussion with the RBI Governor, Mahtab informed that a wide range of information on the economic situation and the financial system of the country was discussed during the meeting. The BJP MP stated that the next meeting will be held on Ju ...Read More >
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