The earlier failure to monitor banks adequately also suggests that RBI has been far from perfect as an institution. The RBI-government saga continues to grab the
Day: December 16, 2018
Farm loan waivers look tempting, but won’t help – The Financial Express
The Centre’s plan to hike MSPs to 1.5 times A2+FL costs—this raised MSPs by 40-50% in some cases—however, had little chance of succeeding since there
Larger fiscal deficit can put pressure on the economy – The Financial Express
The sharp depreciation in the currency fuelled big FPI withdrawal sales in the bond markets in September and October and another bout of weakness in
Who is Shaktikanta Das? Meet the new RBI governor replacing Urjit Patel – The Financial Express
New RBI Governor Shaktikanta Das was the Economic Affairs Secretary when demonetisation was announced. Shaktikanta Das, former finance secretary, a vocal supporter of demonetisation, has
RBI Governor Shaktikanta Das faces long to-do list in new job – The Financial Express
India’s new central bank governor has a list of challenges to face as he takes office: from fixing a banking crisis to convincing investors of
NCLAT rejects Edelweiss pleas challenging Synergy resolution plan – The Financial Express
The ARC alleged that SCL’s resolution plan, submitted at the Hyderabad bench of the NCLT, was contrary to the law and the agreement SCL had
NCLT issues notice to Liberty House on Castex Tech lenders’ plea – The Financial Express
LHG has also defaulted on paying the committed upfront money in time to the lenders of Amtek Auto, which prompted them to move NCLT seeking
India’s credit rating under threat? Moody’s not happy with GDP growth – The Financial Express
Moody’s also said India’s real GDP growth in both FY19 and FY20 will slow to just above 7%. Weaker nominal GDP growth over a prolonged period
Bidding battle: Adhunik Metaliks lenders reject Liberty House offer – The Financial Express
After hearing the arguments from the counsels for Liberty House and the committee of creditors (CoC) for AML, the Kolkata bench of the National Company
After multiple failed bids, NCLT orders liquidation of Nagarjuna Oil Corp – The Financial Express
The Chennai bench of the National Company Law Tribunal (NCLT) has ordered liquidation of Nagarjuna Oil Corporation (NOCL), which is an associate firm of Nagarjuna
Jaypee insolvency case: Homebuyers seek secured financial creditors status – The Financial Express
The homebuyers want the apex court to declare them “secured financial creditors” on a par with banks. Jaypee group’s homebuyers on Monday moved the Supreme
RBI reduced to a government department – The Financial Express
There can be little doubt, as this newspaper has argued before, that RBI has been slow to cut repo rates or to increase liquidity. Given
Ease of doing business: PM Modi to meet department secretaries on Dec 13 – The Financial Express
By Kiran Rathee Prime Minister Narendra Modi is scheduled to meet secretaries of various departments, including finance, revenue, economic affairs, DIPP and corporate affairs, as well as chief
IBC Section 74: Amtek Auto – Banks move NCLT against Liberty House – The Financial Express
Delhi-based Amtek Auto’s insolvency resolution process was initiated by Corporation Bank. Lenders to the bankrupt Amtek Auto have approached the Chandigarh bench of National Company
Insolvency Code: Operational creditors should get a say, vote in insolvency process says SC | Business Standard News
Operational creditors of companies undergoing the corporate insolvency resolution process should have a say in the committee of creditors (CoC) and get voting rights proportional
SBI chairman says amendments required in section 29A of insolvency code | Business Standard News
State Bank of India Chairman Rajnish Kumar (pictured) said amendments in the Section 29A of the Insolvency and Bankruptcy Code (IBC) are necessary as the earlier amendment imposed a blanket
How conflicts of interests among stakeholders challenge IBC’s effectiveness | Business Standard News
Six blind men are in a room with an elephant. Each touches the animal and tries to discern its shape, size, age, and other aspects
With over 10,000 cases, manpower shortage, NCLT struggles with workload | Business Standard News
With over 10,000 cases and only half the manpower it should have, the National Company Law Tribunal (NCLT) is buckling under the weight of its
Insolvency code missing deadlines of recoveries 2 yrs after ambitious start | Business Standard News
Time-bound resolution, a cornerstone of the Insolvency and Bankruptcy Code (IBC), is under question. If value maximisation is one of the pillars of the IBC, achieving it
NCLT allows ICICI Bank’s Rs 7-bn claim in Era Infra insolvency case | Business Standard News
The Principal Bench of the National Company Law Tribunal (NCLT) on Thursday directed the resolution professional (RP) of Era Infrastructure India to admit ICICI Bank’s Rs 7-billion
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