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Getting future-ready: Govt may tweak IBC to factor in climate change

The government is contemplating changes to the Insolvency and Bankruptcy Code (IBC) to deal with environmental claims and liabilities of defaulting companies to make the law future-ready and meet climate action goals, sources told Business Standard. Currently, the IBC has various categories of claims and creditors, including those related to environmental liabilities.

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Govt May Amend IBC To Settle Environmental & Climate Change Liabilities Of Defaulting Companies

Govt May Amend IBC To Settle Environmental & Climate Change Liabilities Of Defaulting Companies
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SC asks Centre to provide security to journalist covering money laundering involving Amtek Auto Ltd

The Supreme Court on Wednesday asked Attorney General R

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Amtek Auto: SC Issues Notices on Alleged Money Laundering of Rs12,800 Crore due to Inaction of Central Agencies

The Supreme Court on Monday issued notice on a plea claiming glaring inaction by central agencies - the CBI, the ED, and the SFIO into the alleged criminal theft and money laundering of Rs 12,800 crore from over 27 public,

Dinkar venkatsubramanianSameer srivastavaAnant dehadraiJaskaran singh chawlaJustices ravindraSupreme courtNational company law tribunalCastex technologies ltdAmtek auto ltdSupreme court onChief justiceJustices ravindra bhatJai anant dehadraiBankruptcy codeCastex technologiesMetalyst forging

SC notice on plea alleging money laundering of Rs 12,800 cr due to inaction of central agencies

The Supreme Court on Monday issued notice on a plea claiming glaring inaction by central agencies - the CBI, the ED, and the SFIO into the alleged criminal theft and money laundering of Rs 12,800 crore from over 27 public, government and listed banks by Amtek Auto Ltd (AAL) and its promoters, directors, beneficiaries, and key managerial personnel through an elaborate system of over 127 related parties and several benaamidars .

Dinkar venkatsubramanianSameer srivastavaAnant dehadraiJusticeuu lalitJaskaran singh chawlaJustices ravindraMinistry of corporate affairsSupreme courtNational company law tribunalCastex technologies ltdAmtek auto ltdSupreme court onJai anant dehadraiCorporate affairsCastex technologiesMetalyst forging