About a dozen companies undergoing bankruptcy resolution are being reviewed by banks and investigating agencies for fraudulent activities including diversion of funds. A senior government
Month: August 2018
A judgment on simple language needed – The Economic Times
The observation by the bench of the National Company Law Appellate Tribunal (NCLAT) that it may have to “write a judgment as to how a judge should
Bid eligibility challenge: NCLAT clears the deck for Tata Steel and Vedanta – The Financial Express
In the same order, the bench also held that Tata Steel’s resolution plan was fair and equitable to all the creditors, including the operational creditors
No Supreme Court stay on NCLAT’s Bhushan Power order – The Financial Express
In a setback for Tata Steel, the Supreme Court on Friday refused to stay the National Company Law Appellate Tribunal (NCLAT) order that allowed the three bidders
SC stays NCLAT order allowing asset freeze of 4 independent directors – The Financial Express
n a case that will redefine the role of independent directors in the corporate sector, the Supreme Court on Friday stayed the National Company Law
SC’s call on realty will help lenders and home-buyers – The Financial Express
The SC has also done well to allow a fresh round of bidding for Jaypee Infratech without excluding the earlier bids presented—this will allow greater
Arbitrary on arbitration: Proposed amendment in arbitration law needs to be dropped – The Financial Express
Once this law was in place, retired judges, chartered accountants and other professionals could be pressed into service as arbitrators, and in venues other than
The RBI and the real sector | Business Standard Column
Last month someone posted a very interesting link on Twitter: https:// http://www.newyorkfed.org/ research/epr/2018/ epr_2018_political-origins_sastry.html It is about something that matters in the current Indian context: The
The view from Washington: IMF is optimistic on India, but has its caveats | Business Standard Column
Annual reports on countries, done by the World Bank and International Monetary Fund (IMF), are almost always politely worded and any criticism sugar-coated to the extent possible. Decoding the
NCLT benches may be doubled to cope with rising cases – The Financial Express
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
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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