At least seven companies under the Insolvency and Bankruptcy Code (IBC) are staring at a situation where preferred bidders have raised issues or are reluctant
Day: January 3, 2019
How IBC changes the game | Business Standard Column
The implementation of the Insolvency and Bankruptcy Code (IBC) is facing difficulties. For the largest firms, there is a whiff of SICA (Sick Industrial Companies Act) in the air,
Direct tax-GDP ratio of 5.98% during FY’18 best in 10 years: FinMin – The Hindu BusinessLine
The direct tax-to-GDP ratio of 5.98 per cent achieved during 2017-18 fiscal is the best in the last 10 years, the finance ministry said on
RBI for one-time restructuring of MSME loans – The Hindu BusinessLine
In a breather to the micro, small and medium enterprise (MSME) sector, the Reserve Bank of India has decided to permit one-time restructuring of existing
A long way to go, still – MONEY & BANKING – The Hindu BusinessLine
It has been an eventful year for the ever-evolving Insolvency and Bankruptcy Code, though it has delivered very little to the purpose for which it
‘Procedural issues getting resolved’ – MONEY & BANKING – The Hindu BusinessLine
JSW Steel is among the few corporates to have an interesting tryst with IBC. After giving up on attempts to takeover Bhushan Steel, it succeeded
Employees of bankrupt RTIL join hands to revive company – NEWS – The Hindu BusinessLine
In a first for a bankruptcy firm, nearly 200 employees of debt-ridden RTIL — formerly Reid & Taylor (India) — have formed an association to
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