The NCLT had ordered the initiation of insolvency proceedings against JIL in August 2017. The National Company Law Appellate Tribunal (NCLAT) on Friday asked the
Day: July 15, 2018
Tata Steel, Liberty House, or JSW Steel, who will win Bankrupt Bhushan Power under IBC? Lenders to take call – The Financial Express
Lifting its earlier stay order, the National Company Law Appellate Tribunal (NCLAT) on Thursday allowed lenders to Bhushan Power and Steel (BPSL) to go ahead
Despite exports boost, muted quarter for India Inc – The Financial Express
The January-March period saw profits for the Nifty companies fall by 9% y-o-y despite a helpful base effect and elevated commodity prices. Despite some favourable
PPP, paranthas and the GDP race – OPINION – Business Line—–
Chotu was in a very good mood that afternoon when Motu bumped into him at Lucky Dhaba. Arrey come Motu, let me treat you to Aloo Parantha and Malai Lassi ,
bad loan: CEA Arvind Subramanian praises Raghuram Rajan for identifying NPA problem – The Economic Times—–
Outgoing Chief Economic Adviser Arvind Subramanian today expressed scepticism over the handling of the mounting NPAs crisis as he praised former RBI governor Raghuram Rajan for identifying the lacuna
Arvind Subramanian | PSU Bank: India needs more private banks and only 3-5 PSU banks: CEA Arvind Subramanian
Outgoing CEA Arvind Subramanian said the country needs more reforms. Outgoing Chief Economic Adviser (CEA) Arvind Subramanian feels that Indian banking sector should have only a dozon
Tata Steel, Liberty House, or JSW Steel, who will win Bankrupt Bhushan Power under IBC? Lenders to take call – The Financial Express
Lifting its earlier stay order, the National Company Law Appellate Tribunal (NCLAT) on Thursday allowed lenders to Bhushan Power and Steel (BPSL) to go ahead
Banks mull AMC route for NPAs with Rs 1-2k-cr debt – The Financial Express
The banker quoted earlier that a lot of smaller power projects would qualify for this approach. Lenders are planning resolutions of stressed assets with outstanding
Panel proposes auction of NPA security receipts worth Rs 90,0000 crore – The Economic Times
The committee on bad-loan resolution led by Punjab National BankNSE -2.96 % chairman Sunil Mehta has suggested a live auction mechanism to help banks free up security receipts worth Rs 90,000
Economic Times
Last month, India’s chief economic adviser Arvind Subramanian, who was formerly with the International Monetary Fund, announced he would quit to spend more time with
Withdrawal of tax appeals to affect fraction of disputed amount: Goyal – The Economic Times
Piyush Goyal lauds government’s move to bring down tax litigation The government’s decision to reduce litigation by withdrawing 41 per cent of direct tax dispute cases and
NCLT allows 16 days to examine Thriveni’s revised offer for Lanco Infratech – The Economic Times
The National Company Law Tribunal today extended the deadline by 16 days to facilitate the Committee of Creditors of Lanco Infratech to examine the revised
No concentration of power under creditors’ pact: SBI – The Economic Times
Rubbishing allegations that State Bank of IndiaNSE -1.90 % would get an upper hand under the new inter-creditor arrangement for stressed loans, chairman Rajnish Kumar said no power was being
Accountants: Tighter rules coming up for CAs, valuers and monitoring agencies – The Economic Times
Sebi has proposed amendments to tighten laws governing auditors and other third-party individuals hired by listed companies for auditing financial results, among other things. The
MSDE, IBBI announce training programme for new job role of insolvency associates – The Economic Times—–
This first-of-a-kind course, designed to provide the Indian youth with better career opportunities, will help them contribute to the overall growth and development of the
Higher threshold for tax appeals will give relief to small units: Piyush Goyal – The Economic Times
The government’s move to increase the monetary threshold for filing appeals in tax cases will give relief to small and medium businesses, acting finance minister Piyush
Lenders may be allowed to change NCLT bench – The Economic Times
Many in the corporate world are shaken by Reserve Bank of India’s queries on foreign investments that companies have received over the years, the declarations they have to give
EXCLUSIVE | Bankruptcy Code: Are homebuyers secured financial creditors? Read builder agreement carefully – The Financial Express—–R
MS Sahoo, the chairman of the Insolvency and Bankruptcy Board of India that notified regulations for corporate resolution process last week, also says an insolvency
Essar Steel lenders ask NCLAT to speed up resolution process – The Financial Express
Lenders to the bankrupt Essar Steel on Wednesday urged the National Company Law Appellate Tribunal (NCLAT) to speed up the resolution process as they were
SEBI may require firms to raise 25% of financing needs from bond market – Today’s Paper – Business Line
SEBI may make another attempt at building a vibrant market for trading in corporate bonds. On Wednesday, SEBI Chairman Ajay Tyagi said the regulator would
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