Search result for 'drts'

The Finance Ministry has called for stakeholder collaboration to reduce case backlog at Debt Recovery Tribunals (DRTs), aiming to free up capital for economic growth. The meeting discussed reforms...

Embattled businessman Vijay Mallya is seeking to annul his UK bankruptcy order, arguing that a statement by India's finance minister renders the order invalid. The move comes after a series of...

Vijay Mallya seeks to overturn UK bankruptcy order, citing “unreal quality” after Indian Finance Minister confirmed banks recovered more than owed.

PC Jeweller Ltd has settled a Sebi case related to non-disclosure of loan default information, paying Rs 7.23 crore. The case involved allegations of failing to disclose or delaying information...

The Finance Ministry has directed banks to implement effective oversight mechanisms for managing pending cases in Debt Recovery Tribunals (DRTs) to expedite recovery and improve efficiency.

Finance Minister Nirmala Sitharaman announced changes to the Insolvency and Bankruptcy Code (IBC), including tribunal strengthening and a digital platform for improved outcomes.

India's Insolvency & Bankruptcy Code (IBC) has helped settle Rs 10.2 lakh crore in defaults since 2016, with real estate companies accounting for a significant portion. The IBC has also enabled...

The Insolvency and Bankruptcy Board of India (IBBI) has issued new guidelines to streamline the appointment of insolvency professionals (IPs) as interim resolution professionals, liquidators, and...

Finance Ministry directs banks to periodically review the performance of empanelled advocates at debt recovery tribunals (DRTs) to expedite case resolution.

India's Debt Recovery Tribunals face a backlog of over 2.15 lakh cases. Learn about the reasons behind the delays and steps taken by the government to address the issue.