The Income Tax (I-T) Department is an “aggrieved creditor” to many de-registered shell companies and will petition the National Company Law Tribunal (NCLT) to recover tax dues of crores
Day: May 22, 2018
Crisis-hit Jaiprakash Associates says no fraud in providing Jaypee Infra’s land as collateral – The Financial Express–22.05.2018
Crisis-hit Jaiprakash Associates Ltd (JAL) today said the company provided certain land parcels of its subsidiary Jaypee Infratech as additional collateral to its lenders and
Canteen services provided by outside vendors to attract 18% GST, says Authority for Advance Rulings – The Financial Express–22.05.2018
Canteen services provided by outside vendors in offices and factories will attract 18 per cent GST, said the Authority for Advance Rulings (AAR). The Gujarat
Fasal Bima Yojana is failing, fix it – The Financial Express–22.05.2018
With just around 45% of the claims made by farmers over the last three crop seasons—data for the last rabi season is not available—paid by
NDA rakes in premium while UPA-II struggled with auto fuel subsidy – Business Line–22.05.2018
With retail fuel prices at an all-time high, there has been a clamour from industry bodies for the Centre to step up and offer some
NCLAT issues notice to Tata Steel on eligibility of bid for Bhushan Steel – Business Line–22.05.2018
Less than week after sealing the deal to acquire Bhushan Steel, Tata Steel has received a notice from the National Company Law Appellate Tribunal on
Finmin not seeking relaxation of RBI’s PCA framework, PSBs told to focus on core biz – Business Line–22.05.2018
The finance ministry is not seeking any relaxation from RBI in its prompt corrective action (PCA) framework and has instead asked banks to adopt differentiated
More action needed to help exporters | Business Standard Column–22.05.2018
Last Wednesday, the rupee depreciated to over 68 a dollar; the Reserve Bank of India (RBI) intervened to help it gain some strength and it closed at 67.35
Default resolved: Acquisition of Bhushan Steel under IBC is a milestone in bankruptcy proceedings–Times of India–22.05.2018
Tata Steel last week announced that it had completed the acquisition of Bhushan Steel, a company which had the dubious record of being one of
Miles to go for the new bankruptcy code – The Hindu–22.05.2018
Good news has finally started to roll out of the refurbished bankruptcy courts. Tata Steel acquired 73% stake in the bankrupt firm Bhushan Steel for
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