insolvency law India

Insolvency Law Main Factor in Improving Health of Country’s Banking Sector: FM in Lok Sabha

Business News Desk3 hours ago3 hours ago03 mins mins

India’s Finance Minister, speaking in the Lok Sabha, highlighted the Insolvency and Bankruptcy Code (IBC) as the single most important factor in strengthening the health of the country’s banking sector. The minister emphasized that the law has transformed the way banks deal with stressed assets, reduced non-performing assets (NPAs), and restored confidence in the financial…

Spectrum of Telcos Not Asset, Insolvency Process Cannot Apply: Supreme Court

Business News Desk2 months ago2 months ago03 mins mins

In a landmark judgment, the Supreme Court of India has ruled that spectrum allocated to telecom companies is not an asset that can be subjected to insolvency proceedings. This decision has far-reaching implications for the telecom sector, creditors, and the broader regulatory framework governing natural resources. The apex court clarified that spectrum remains a national…