Category : Search result: IBC misuse


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.

SC flags misuse of rape law in failed relationships

Supreme Court quashes rape case against lawyer, expressing concern over criminalization of failed relationships. Court emphasizes rape law should apply only in genuine cases of sexual violence.

Court rejects bail in ₹58 crore digital arrest fraud case

A Mumbai court rejects bail for two brothers accused in a ₹58 crore digital arrest scam for failing to explain why they allowed scammers to use their company's bank account. Learn how the court is cracking down on cybercrime.

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.

J&K Police Inspects Shops Post Red Fort Blast

J&K Police launches inspections at chemical shops and industries to prevent ammonium nitrate misuse following the Red Fort explosion. Stay informed on security measures.

TMC Resists Aadhaar-Based Voter Purge in Bengal

Trinamool Congress vows to fight alleged misuse of Aadhaar data to mark living voters as dead. Party cites Bihar precedent, promises legal and street resistance against voter disenfranchisement.

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