This is the third large company to be resolved under the Insolvency and Bankruptcy Code (IBC) after Bhushan Steel and Electrosteel Steels. Lenders to Adhunik
Month: July 2018
Income Tax: Benefit of capital gains not available on commercial property – The Financial Express
The due date of filing of Income Tax Return for FY 2015-16 has expired. We have sold hospital commercial premises for Rs 75 lakh in
Income Tax: Did you get notice under Section 143(1) (a) of I-T Act? Here is what it means – The Financial Express
When a difference of income arises in income tax return with the Form 16, Form 16A and Form 26AS in case of salaried income, Capital
GST: Government’s customer focus | Business Standard Column
As the first year of GST was completed, many articles appeared on the first year’s performance or lack of it. One matter that perhaps remains to be
NCLT approves Liberty House’s resolution plan to acquire Adhunik Metaliks – Business Line
The Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday approved Liberty House’s resolution plan to acquire Adhunik Metaliks. The bench comprising Justice
Ringside View: Inter-creditor agreement- dead on arrival? – The Economic Times
Banks have to initiate bankruptcy proceedings within 180 days of missing payments in any account above Rs 2,000 crore if they are unable to restructure.
Uttam Galva IBC proceedings: NCLT awaits ruling on ArcelorMittal bid | Business Standard News
The National Company Law Tribunal (NCLT) adjourned the hearing of insolvent firm Uttam Galva Steels (UGSL) till August 13, saying it was waiting for the National Company Law and
Question marks over bad loan plan | Business Standard Column
Arvind Subramanian, the outgoing Chief Economic Advisor, thinks India’s bad loan problem can’t be solved in a year or two. Piyush Goyal, the minister in charge of
Hawk or dove? Inflation targeting put to acid test – The Financial Express
The moot question is how should the MPC respond? The flexible inflation targeting (FIT) regime, since its introduction, has had an easy ride. A dramatic
All you wanted to know about… – OPINION – Business Line
How do you restore faith in a country’s financial system when large chunks of its bank loans are turning bad? After going around in circles,
Full Text: Justice Ranjan Gogoi delivers the third Ramnath Goenka Memorial Lecture — The Vision of Justice | The Indian Express
Full text and video of Justice Ranjan Gogoi’s address at the Ramnath Goenka Memorial Lecture: I express my most heartfelt gratitude to The Express Group
How MSME is the new retail? – The Financial Express–16.07.2018
We are living in a financially critical time cycle. Global growth outlook remains positive for the year 2018 despite threats from an expansionary US fiscal
Insolvency proceedings: Tata Steel readying blueprint to buy Bhushan Power | Business Standard News–16.07.2018
Tata Steel is gearing up to acquire Bhushan Power & Steel, going through insolvency proceedings, if it gets the requisite approvals. Much like the Bhushan Steel
Making Sashakt stronger | Business Standard Column–16.07.2017
Sashakt takes a much-needed stab at creating a structure outside the bank to systematically park distressed asset for resolution. The proposal of inter-creditor agreement to
ARC ‘cure’ may compound NPA disease – Business Line–16.07.2018
Low provisioning for security receipts against stressed assets could hurt banks Banks, which are already groaning under the burden of non-performing assets (NPAs) imposed
6-7% growth is automatic; 7-8.5% is possible with reforms: CEA – Today’s Paper – Business Line–16.07.2018
If India “chugs along”, 6-7 per cent GDP growth will be “automatic”, while 7-8.5 per cent growth is possible if the nation continues on the
Must ‘keep to macro stability path to ride out turbulence ’ – NEWS – Business Line
Arvind Subramanian, Chief Economic Advisor in the Ministry of Finance, was seen as ‘arrogant’ but ‘gutsy’ by his friendly neighbours in the North Block. He
Forced bonding – OPINION – Business Line
It is a bad idea to compel large corporate borrowers to take the bond market route After the recent bad loan saga, it has become
Tweaking GST, again – OPINION – Business Line
Three proposals, however, are welcome One of the features of GST has been the ever-so-frequent changes in the laws. These changes do not seem to
56 lenders to sign inter-creditor agreement in a few days – The Economic Times—–
The agreement says each resolution plan would be submitted to an overseeing committee comprising experts from the banking industry. As many as 56 lenders are
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