The bad news from the banking world is beginning to trickle in as they announce their financial numbers for the last fiscal. Huge losses have
Month: May 2018
To speed up insolvency proceedings, lenders to approach IBBI for relief – Business Line
Disenchanted by the long-drawn-out proceedings for insolvency resolution cases filed against large borrowers that have failed to repay loans, many banks are planning to approach
Unitech’s homebuyer refund case: Supreme Court constitutes HC judge-headed committee to auction properties | The Indian Express
The Supreme Court on Monday constituted a committee headed by former Delhi High Court judge, S N Dhingra, to carry out auction of the unencumbered
RBI declines to share copies of inspection reports for PNB | business news | Hindustan Times
The Reserve Bank of India (RBI) has declined to share inspection reports for scam-hit Punjab National Bank (PNB), citing RTI clauses that bar disclosure of details which
cyber failure | सायबर अपयश – Maharashtra Times
गुन्हेगार आणि पोलिस यांच्यात पाठशिवणीचा खेळ सतत सुरू असतो. सर्वच दृष्टींनी प्रगत असलेले गुन्हेगार आणि मागास पोलिस यामुळे दोघांमधले अंतर जास्ती असल्याचे नेहमी जाणवते. ते
[ बॅंकेबाबत ] ना ‘देना’ ना लेना.. | लोकसत्ता अग्रलेख –१५.०५.२०१८
बुडीत कर्जाचे प्रमाण वाढल्याने आता देना बँकेवरही रिझव्र्ह बँकेने आर्थिक निर्बंध घातले असून आणखी काही बँका याच मार्गावर असणे चिंताजनक आहे.. भांडवली बाजारात सोमवारी देना
FRDI Bill: House panel to examine ‘bail in’ clause of FRDI Bill, to meet today ; The Economic Times–14.05.2018
The Parliamentary Joint Committee will examine the controversial ‘bail in’ clause of the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 in the light of concerns being raised over
NCLT : Tecpro promoters siphoned off funds, resolution professional tells NCLT – The Economic Times–14.05.2018
The debt resolution of Tecpro Systems that owes about Rs 7,000 crore to banks could run into trouble, with the official appointed by the bankruptcy court to handle the
Power sector NPAs are not a banking problem–Economic Times–14.05.2018
Around 22% of India’s installed power-generation capacity burdens Indian banks as non-performing assets (NPA). There is little scope of restructuring them through the Insolvency and
Removing NCLT delays – The Financial Express–14.05.2018
Tata Steel’s Move to appeal the decision of the Delhi bench of the National Company Law Tribunal (NCLT) to ask the Committee of Creditors (CoC)
NCLT has a crucial role to play, but does it have enough capacity for it? | Business Standard Column–14.05.2018
The adjudicating authority for insolvency resolution under the Insolvency and Bankruptcy Code is the National Company Law Tribunal or NCLT. Since the Code’s enactment in 2016, not a day passes without a piece
From lottery winner to stored food items, here are the key court orders | Business Standard Column–14.05.2018
Arbitration award set aside The Supreme Court has quashed the judgment of the Delhi High Court and set aside the arbitration award in the appeal case, Union of India vs
GST: Here is an analysis of what judicial orders mean for businesses | Business Standard Column–14.05.2018
Since the roll-out of the GST regime in July last year, for businesses the transition to the new indirect tax regime has been a roller coaster ride.
Public sector banks may seek early recapitalisation on new NPA rule – Business Line–14.05.2018
The Reserve Bank of India’s revised framework for resolution of stressed assets may lead to public sector banks calling for an earlier recapitalisation by the
Walmart—Nothing to fear – Business Line–14.05.2018
The scare-mongers have been proved wrong: the growth of big offline retailers and e-commerce giants over the last decade or so has not driven mom-and-pop
Supreme Court to mull say for home buyers in liquidation – The Economic Times–13.05.2018
The Supreme Court said on Friday that it would settle grey areas in the insolvency and bankruptcy code (IBC) to see what role homebuyers could play in liquidation proceedings. The
| वॉलमार्ट वाकुल्या | लोकसत्ता –12.05.2018
शेतकरी, सामान्य ग्राहक यांच्या हिताचे ध्येय बाळगायचे तर वॉलमार्टला यापूर्वीच भारतात येऊ द्यायला हवे होते. तब्बल १६०० कोटी डॉलर्स मोजून भारतातील फ्लिपकार्ट विकत घेण्याच्या वॉलमार्ट
Insolvency and Bankruptcy Code: IBC ordinance may restrict relief proposed for MSMEs – The Economic Times–12.05.2018
The government has further revised the ordinance it proposes to move to make changes to the Insolvency and Bankruptcy Code (IBC). The updated note that will be sent to
MSMEs: Centre to double credit guarantee to MSMEs – The Economic Times–12.05.2018
In a bid to tackle trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government announced that it would double the credit
NCLAT admits Numetal plea, hearing on May 17 – The Financial Express–12.05.2018
The National Company Law Appellate Tribunal (NCLAT) on Friday admitted Numetal’s plea against the decision of committee of creditors (CoC) of Essar Steel, which said
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