According to government data, till March 31, 2018, as many as 701 corporates had been admitted into resolution process, of which 67 were closed on
Day: August 10, 2018
Exporters approach various courts over restrictions under GST regime | Business Standard News
Exporters have approached various courts over restrictions imposed for availing advance authorisation licences under the goods and services tax (GST) regime. The change in condition has led
Nothing called partial defaulters, IBC must apply equally to all: RBI | Business Standard News
The Reserve Bank of India (RBI) in its submission to the Allahabad High Court, which is hearing a case filed against the Insolvency and Bankruptcy Code (IBC),
Former Bhushan Steel promoter Neeraj Singal held for siphoning off Rs 20 bn | Business Standard News
The Serious Fraud Investigation Office (SFIO) has arrested Bhushan Steel’s former promoter Neeraj Singal after an investigation was conducted on the company and the promoter. The SFIO arrested him
Don’t ignore risks | Business Standard Editorials
The Union government will reportedly hold discussions with the Reserve Bank of India (RBI) in an attempt to have the regulator dilute the capital requirements for Indian
Apex court takes a judicious step back
The Supreme Court has ordered reversion to the National Company Law Tribunal (NCLT) of the Jaypee Infratech Ltd (JIL) resolution process, through which one major
Let banks defend bonafide employees
Banks are reportedly planning to defend their existing and retired employees when they are hounded by investigating agencies. Legal and financial support to bonafide bankers
NPA: Retail loan is not a nirvana, former RBI deputy governor SS Mundra warns bankers – The Economic Times
SS Mundra, a former deputy governor of the Reserve Bank, today raised concerns over banks increasingly shifting their focus more onto retail loans than corporate
Big demonetisation impact! Income tax bonanza as lakhs of high net worth non-filers pay this whopping amount – The Financial Express
After demonetisation, a total of 3.04 lakh high-net-worth non-filers came under the scrutiny of the Income Tax Department for depositing more than Rs 10 lakh
Clock starts on Jaypee Group insolvency: Supreme Court hands over to NCLT; 180-day limitation begins today – The Financial Express
In a setback to the Jaypee group, the Supreme Court today asked the National Company Law Tribunal (NCLT), Allahabad, to deal with the insolvency proceedings
PSB privatisation will take care of governance issues: IMF report – The Hindu BusinessLine
More aggressive disinvestment and privatisation of public sector banks (PSBs) would address some of the structural issues in governance, such as incentives and efficiency of
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