“Insolvency and Bankruptcy Board of India (IBBI) Chairperson M S Sahoo inaugurated one-day refresher programme for insolvency professionals here today,” an official statement said. IBBI
Month: August 2018
Clock is ticking for Rs 3.8 trn stressed assets; 70 firms may land in NCLT | Business Standard News
The fate of about 70 big-ticket stressed accounts with loans of over Rs 3.8 trillion is uncertain as the deadline of August 27 for firming
Patanjali moves NCLT against Ruchi Soya lenders approving Adani Wilmar bid | Business Standard News
Ramdev-led Patanjali Ayurved has approached the NCLT challenging the decision by Ruchi Soya’s lenders to approve Adani Wilmar’s Rs 60 billion (Rs 6,000 crore) takeover bid. The
More financial scams in the offing, says West Bengal FM Amit Mitra | Business Standard News
West Bengal Finance Minister Amit Mitra has termed the rising non-performing assets (NPAs) in the economy as a “serious crisis”. “Macroeconomic scenario of the banking
Banks want to tap database of I-T, GST departments – The Hindu BusinessLine
To guard against a further increase in bad loans, banks are planning to dig deeper when it comes to loan appraisals by tapping the database
IVRCL’s insolvency resolution period extended by 90 days – The Hindu BusinessLine
The National Company Law Tribunal (NCLT), Hyderabad has extended the duration of the corporate insolvency resolution process period for IVRCL Ltd by an additional 90
IBBI cancels registration of an IP for contravention of insolvency process – NEWS – The Hindu BusinessLine
In the first ever instance of ‘harshest punishment’ on an insolvency professional (IP), the insolvency regulator, IBBI, has cancelled the registration of Mukesh Mohan, for
Gemini Communication Ltd. – Corporate Insolvency Resolution Process (CIRP)-List of Creditors – The Hindu BusinessLine
We are hereby enclosed list of Creditors updated as on 11th August 2018 of Gemini Communication Limited as required to be displayed under Regulation 13(2)(c)
Why Donald Trump is pressuring the Federal Reserve on rates | Business Standard Column
Modern macroeconomics places great value on the idea of an independent central bank. Sitting above and apart from the political fray, wise central bankers are
[RBI] Conflict of interest | Business Standard Editorials
The Union government’s decision to turn down the Reserve Bank of India’s (RBI’s) demand to remove its nominees on the boards of public sector banks
Power sector NPAs call for unique fix–Economic Times
Flawed politics has stricken the power sector, and its woes have spilt over into banking, a fifth of whose non-performing assets, currently estimated at Rs
Bankruptcy Code: How NCLT order makes liquidation easy – The Economic Times
India’s dedicated bankruptcy court has sought to remove legal impediments to liquidation or loan-recovery proceedings by setting aside property attachment claims of state-run utilities or
Banks looking to unload Rs 7.3k-cr NPAs from books – The Economic Times
A group of lenders, including Bank of India, State Bank of IndiaNSE -0.66 % (SBI), Allahabad BankNSE 0.00 % and Dena BankNSE -1.50 %, is planning to jointly dispose of
Arun Jaitley as Finance Minister: Twin deficits, slow investments key challenges – The Financial Express
Union Finance Minister Arun Jaitley outside the North Block in New Delhi on Thursday. Arun Jaitley, who underwent a kidney transplant surgery in May, resumed
Before Ayushman Bharat, cure ailing health system – The Financial Express
In terms of public health infrastructure in rural areas, the CAG report highlights a worrisome deficiency—there was a 24% shortfall from the required number for
Fiscal consolidation: Time to dilute the Food Security Act – The Financial Express
The government is already in election mode, a time when analysts expect giveaways. But, these constrain public capex. It is a difficult time to rein
GST rates: Freebies may be freed of GST payment burden – The Economic Times
Promotional schemes such as buy-one-get-one-free are very popular, but some companies axed them after the GST regime came into force in July last year. New
Power sector NPAs call for unique fix
Flawed politics has stricken the power sector, and its woes have spilt over into banking, a fifth of whose non-performing assets, currently estimated at Rs
एनपीए आणि राजन – Maharashtra Times
बँकांमधील वाढत्या थकीत कर्जाचा (एनपीए) अभ्यास करणाऱ्या संसदीय समितीने रिझर्व्ह बँकेचे (आरबीआय) माजी गव्हर्नर रघुराम राजन यांना पाचारण करण्याचा घेतलेला निर्णय, ही राजन यांच्या गुणवत्तेची
After IBC war on NPAs, Modi government gets tough on bank frauds; warns CEOs to keep check or face action – The Financial Express
In a stern warning to bankers, the Finance Ministry has asked chief executives of public sector banks (PSBs) to check all NPA accounts exceeding Rs
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