The new insolvency ordinance is expected to create substantial problems for SMEs and most may be liquidated if the revival plan does not work out.
Day: December 21, 2017
Consumer Protection Bill: Cabinet approves Consumer Protection Bill – The Economic Times–21.12.2017
Focused on faster redressal of consumer grievances and to ensure stringent action against unfair trade practices, the Cabinet approved the introduction of the Consumer Protection
Companies Amendment Bill: Companies Amendment Bill passed: Creditors of insolvent cos can get shares at discount – The Economic Times–21.12.2017
The Companies Amendment Bill passed by Parliament has brought relief for creditors involved in insolvency proceedings allowing them to acquire shares of insolvent company at
Bankruptcy: More changes to bankruptcy code likely in Budget – The Economic Times–21.12.2017-R
The government will fix a few urgent problem areas in the insolvency ordinance when it is brought to Parliament in the ongoing session but is
RBI Governor Urjit Patel flagged concern over rising oil prices at MPC meet – The Financial Express–21.12.2017
RBI Governor Urjit Patel flagged concerns over rising global oil prices and uncertainties on fiscal and external fronts in the meeting of Monetary Policy Committee
Why FRDI Bill is no anti-depositor – Everything explained here – The Financial Express–21.12.2017
Though the government has issued a clarification, not too many seem convinced by it, and the dominant narrative remains one of how, in the event
Do we need an FRDI Bill? | Business Standard Column–21.12.2017
Recently, there has been a lot of noise in the public domain regarding the proposed Financial Resolution and Deposit Insurance (FRDI) Bill. The resolution method
Upfront cash criteria to bid for stressed assets not feasible: Bidders | Business Standard News–21.12.2017
The new evaluation criteria laid down by lenders for stressed assets have put bidders in the bind as more weight is being given to upfront
How to handle bank failure: It’s a question of trust | The Indian Express–21.12.2017
Question: It is fair to say that no depositor in any commercial bank in India has lost money since the failure of the Palai Central
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