If these banks are to have any hope of turning around, fixing the staffing has to an integral part of any turnaround plan. At a
Day: May 19, 2018
RBI’s Feb Circular: Finance Ministry keeps up demand for relief on insolvency trigger – The Financial Express–19.05.2018
Stressed PSBs said in Thursday’s meeting with the ministry that they would be affected by the RBI rule. The finance ministry will renew calls for
Binani Cement’s CoC asks Dalmia Bharat to match offer of UltraTech | Business Standard News–19.05.2018
The Committee of Creditors (CoC) of Binani Cement on Friday asked Dalmia Bharat Cement led consortium to match the Rs 79.60 billion offer from UltraTech Cement for acquisition of the stressed assets of Binani
With NCLT, NCLAT closing for vacations, insolvency resolutions face delays | Business Standard News–19.05.2018
With the National Company Law Tribunal (NCLT) and the National Company Appellate Law Tribunal (NCLAT) closing for vacations, the resolution process for firms undergoing bankruptcy proceedings are
Battle for Essar Steel: ArcelorMittal sets terms for Rs 70 bn repayment | Business Standard News–19.05.2018
Indian lenders will have access to Rs 70 billion deposited by ArcelorMittal in an escrow account, but only after the L N Mittal-owned company gets
Tata Steel becomes the first to buy a stressed asset under IBC – Business Line–19.05.2018
With the acquisition of Bhushan Steel Ltd (BSL) for ₹35,200 crore, Tata Steel has emerged the first company to acquire a stressed asset under the
GST: Deadline for filing April GSTR-3B return extended by two days – Business Line–19.05.2018
The last date for filing of return in Form GSTR-3B for the month of April has been extended by two days. Taxpayers can now file
NCLT annuls Jaypee Infra’s land mortgage with lenders of Jaypee Associates – Business Line–19.05.2018-R
In a landmark ruling, the National Company Law Tribunal (NCLT) has concluded that Jaypee Infratech’s move to create a mortgage of 759 acres of land
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