Anusaya Developers had purchased agricultural land from several land owners and then converted it to non-agricultural land. These plots were then sold to various buyers
Month: July 2018
After public outcry, Govt drops FRDI Bill – Business Line
The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy. The Union Cabinet,
IBC resolution, a bailout of corporates at the cost of depositors’ money: AIBEA – MONEY & BANKING – Business Line
With stressed assets reaching alarming proportions, the All India Bank Employees’ Association wants the recovery of bad loans to be done on a war footing.
‘Govt should show seriousness in the viability of PSBs’ – MONEY & BANKING – Business Line
Tomorrow marks the start of the golden jubilee year of bank nationalisation in the country. In light of the troubles that public sector banks have
Insolvency: For a voice in CoC, home buyers have to choose authorised representatives electronically – INTERNATIONAL – Business Line
Throwing its weight behind ‘electronic’ process, insolvency regulator IBBI has mandated that any class of creditors looking for a representation in the Committee of Creditors
Insolvency and Bankruptcy Code: Cabinet okays ordinance to amend IBC – The Economic Times
The Union Cabinet approved additional changes to Insolvency and Bankruptcy Code through an ordinance, easing rules to enable promoters of micro, small and medium enterprises to bid for their
Government likely to withdraw controversial FRDI Bill in current Parliament session – The Economic Times
This provision had raised concerns that deposits could be used to bail out failing banks. The government is likely to withdraw the controversial FRDI Bill in the
Inflation calls for fiscal discipline
The 5.8% jump in wholesale prices in June, up from 4.4% a month before, is a warning against any fiscal laxity. The RBI would have
Fight for Essar Steel: Arcelor to pay Uttam, KSS dues – The Financial Express
Numetal and ArcelorMittal had filed petitions in the NCLAT challenging the disqualification of their first round of bids by the resolution professional. (Reuters) ArcelorMittal, which
Jaypee Infra case: IBBI, IRP ask SC to constitute fresh CoC – The Financial Express
Singapore-based Cube Highways, through senior counsel Gopal Jain, argued that it was willing to bring in Rs 3,300 crore upfront for takeover of the 165-km
Why PSBs have little to cheer about – The Financial Express
For a wide range of customers, the trust in banks is dwindling by the day. Neither the $2.6-trillion GDP, overtaking France, nor the EoDB rankings
Lenders file insolvency plea against 13 Videocon units – The Financial Express
Most of these subsidiaries are likely to be admitted by the National Company Law Tribunal (NCLT) for insolvency proceeding by next month. Lenders to the
Have loans? Reasons that can lead a small business to bankruptcy – The Economic Times
By Rishi Mehra Various events and the manner in which a business is run can lead to its bankruptcy. If you have creditors, it is
Bids for Bhushan Power: Post plea, NCLAT bars lenders from voting – The Economic Times
The appellate bankruptcy court on Tuesday barred lenders from voting for the highest bidder for Bhushan Power, following a plea from Liberty House that a transparent process was not
Why auditors needs to first put their house in order – The Economic Times
Bad loans of banks and corporate scandals have revealed the rot in the system. But what is at the centre of it all despite all
Stamp duty department to give detail information about dispute plot | जागा खरेदी करताना आता त्याबद्दलचे विवादही समजणार | Loksatta
पुणे : जागेची खरेदी करताना आपली फसवणूक तर होत नाही ना, असा प्रश्न जागा खरेदी करणाऱ्याच्या मनात सतत येत असतो. खरेदीदारांना उद्भवणाऱ्या या प्रश्नाची लवकरच सोडवणूक
Insolvency process: Videocon lenders’ claims at Rs 59,000 crore – The Financial Express
The company reported a net loss of Rs 2,709 crore on net sales of Rs 13,743 crore in FY17, which was a 15-month period following
Bhushan Power Case: Wait till we rule on IBC – Supreme Court to NCLT – The Financial Express
Even as the government has stood firm on resisting a call for easing the exclusion norms under the insolvency resolution process to retain its integrity
Bhushan Power Case: NCLAT raps RP on no voice for CoC – The Financial Express
National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the scheduled voting of the lenders to finalise the most preferred bidder for the bankrupt firm
Quicken NCLT process – Courts need to find ways to reduce delays in insolvency resolution – The Financial Express
The resolution of Essar Steel has been dragging on for about a year now with even the grace period of 90 days, after the stipulated
aniltikotekar4sme.com 