Supreme Court speeds up arbitration The Supreme Court last week exercised its extraordinary constitutional power to appoint a sole arbitrator as the proceedings had a long chequered history.
Month: January 2019
Why the drag in Essar Steel insolvency case makes lenders jittery | Business Standard News
With State Bank of India (SBI) putting its entire loan exposure in Essar Steel — the company involved in one of the largest insolvency cases
NCLT turns down prayer for revival of Adhunik Metaliks insolvency process | Business Standard News
National Company Law Tribunal’s (NCLT’s) Kolkata Bench has turned down a prayer from the committee of creditors (CoC) of Adhunik Metaliks to pass an interim order to
Her rights to property – The Hindu BusinessLine
Women have legal rights over property that are not commonly known. Here’s a list of FAQs Can a woman buy and own property? Yes. A
NCLAT: SC directs Centre to set up circuit benches in 6 months – The Hindu BusinessLine
The Supreme Court has directed the Centre to set up ‘circuit benches’ for the National Company Law Appellate Tribunal (NCLAT) in the next six months.
Performance security a must for corporate resolution, says IBBI – The Hindu BusinessLine
The Insolvency and Bankruptcy Board of India (IBBI) has mandated resolution applicants to furnish performance security in corporate insolvency process. This has been stipulated to
NCLT restrains use of brand, trademarks of Servomax India – The Economic Times
The National Company Law Tribunal (NCLT), in a first, has passed orders restraining others from using the brand name and trademarks of a corporate debtor
DNA: Not getting sufficient snooze time? Sleep deprivation may damage DNA–Economic Times
WASHINGTON D.C. [USA]: Sleep deprivation does more harm to the human body than one can imagine. According to a recent study, sleep deprivation can affect our genes
PSU bankers raise questions about delay in RBI action against former ICICI Bank chief Kochhar – The Economic Times
A section of public sector bankers Thursday raised questions about the RBI seeking powers to regulate state-owned banks saying it apparently failed to act against
Bank defaulters cannot get away for long: Arun Jaitley – The Economic Times
Welcoming the Supreme Court decision to uphold the validity of the Insolvency and Bankruptcy Code (IBC), Union minister Arun Jaitley Friday warned that defaulters cannot get away for long.
bankruptcy law: Supreme Court upholds insolvency law in entirety–Economic Times
The Supreme Court on Friday upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC). The law, which was passed in 2016, prevents founders from regaining control of
Supreme Court issues contempt notice to RBI in RTI case – The Economic Times
The Supreme Court has issued notice to the Reserve Bank of India (RBI) on a contempt petition which alleged that the central bank did not provide information
GST: 2-3 tax slab structure will boost GST compliance: Assocham’s Saurabh Agarwal
“MSMEs still continue to face troubles in logging in and submitting information. Most businesses find the process to be time-consuming and costly,” he said. Talking
MSMEs: Steps to help MSMEs, ease farmers’ distress increase risk of fiscal slippage: Moody’s – The Economic Times
Moody’s Investors Service Friday said the steps announced by the government to aid MSMEs and the measures being planned to support farmers will increase the risk of fiscal
Consolidate all 14 group subsidiaries as single financial entity: Videocon to NCLT – The Economic Times
In a first since the bankruptcy law was enacted, the lenders and resolution professionals for Videocon IndustriesNSE 1.72 % and Videocon Telecommunications Friday approached the NCLT seeking a direction
Rupee: Rupee not yet out of troubled waters, may again drop towards 74 level – The Economic Times
Crude’s open interest is rising along with price indicating fresh long positions being created. The rupee was in a sweet spot in the latter half of 2018,
MSME: Over 100 Indian MSMEs to feature in Singapore export forum – The Economic Times
Over 100 Indian firms will feature in the Singapore export forum during a business conclave here from Thursday that aims to promote India’s export-oriented industries in the
Money to Videocon for refinancing its loans also against bank’s policy – The Economic Times
Videocon group companies were given loans totalling Rs 1,875 crore, which turned non-performing assets (NPAs), after Chanda Kochhar took charge of the bank as MD and CEO on
Insolvency and Bankruptcy Code passes Supreme Court test; setback to defaulters – The Financial Express
Supreme Court on Friday upheld the Insolvency & Bankruptcy Code’s constitutional validity in its ‘entirety’, and rejected petitions challenging the bankruptcy laws, in a major
Ready to acquire Adhunik Metaliks, Maharashtra Seamless tells lenders – The Financial Express
Lenders to bankrupt Adhunik Metaliks (AML) on Thursday filed appeals before the Kolkata bench of the National Company Law Tribunal (NCLT) for providing additional time
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