The government plans to bar the successful bidder in a resolution process from any future bidding if it does not implement a scheme approved by the National Company
Day: February 16, 2019
NCLT yet to fire fully with over half of admitted cases still unresolved | Business Standard News
It’s two years since the Insolvency and Bankruptcy Code (IBC) was set in place, but we still have some distance to go. Of the 1,484 cases admitted
NCLT Sterling order may cheer lenders – The Economic Times
There’s a ray of hope for lenders who are unable to sell properties of errant borrowers with the Enforcement Directorate (ED) having attached the assets
Bankruptcy Code Amendments: Bankruptcy Code: What’s changed, what it means–Economic Times
Tracking the changes in the bankruptcy code. As expected from a new set of laws for a complex subject, the Insolvency and Bankruptcy Code is evolving. And
Fresh NPA additions at lenders slow down, recoveries on the rise – The Economic Times
A year after the Reserve Bank of India (RBI) issued the circular directing banks to move to a more stringent non-performing asset (NPA) recognition with the Insolvency and Bankruptcy
Relief to Coal India: NCLAT sets aside NCLT’s insolvency order against ECL – The Financial Express
The NCLT’s Kolkata bench on December 19, 2018, admitted an insolvency petition, filed by the Hinduja Group-controlled Gulf Oil Lubricants India (GOLIL), against ECL under
Essar Steel : NCLT reserves order on Ruias’ plea on veto rights over resolution plan – NEWS – The Hindu BusinessLine
The Ahmedabad Bench of the NCLT on Wednesday reserved its order on a plea filed by the Ruias, the promoters of the distressed Essar Steel.
ECB an option to resolve stressed assets – OPINION – The Hindu BusinessLine
The amended ECB framework is welcome, but there are some ambiguities that must be addressed quickly Since the Insolvency and the Bankruptcy Code was promulgated
Bafna Pharmaceuticals Ltd. -CIRP – The Hindu BusinessLine
This is in continuation of our earlier intimation dated 05th February 2019 regarding resolution plan which was approved by NCLT, Chennai vide its order dated
Stone India Ltd. – Outcome of Board Meeting – The Hindu BusinessLine
The Board of Directors of the Company at their meeting held on 14.02.20199 has taken a note on the current state of affairs of the
Flow of credit, caution listing, GST refunds a concern for exports: Industry tells govt – The Economic Times
Industry body CII also emphasised that it is critical to address issues related to trade financing, incentives and logistics, to help exporters become globally competitive.
SMEs: SMEs need greater institutional framework to boost access to credit – The Economic Times
By Girish Bhagat For about 48 million small and medium enterprises (SMEs) operating in India, continuous investment for enhancing their technology is a pre-requisite for supporting their
Farm distress worsens as credit growth stagnates, agri loan NPAs surge – The Financial Express
The Indian agriculture sector has been reeling under distress. The disconcerting condition of farmers has made them resort to practices such as protests or suicides
Banks have ₹20,000-cr exposure to IL&FS – The Hindu BusinessLine
Most banks may see one-off pain in Q4, according to experts Surabhi Banks have reported an exposure of nearly ₹20,000 crore to debt-ridden Infrastructure Leasing
‘Only 35% of farmers are covered under crop insurance’ – The Hindu BusinessLine
Tech must be used in a big way to ensure ryots get compensated quickly, says National Insurance Academy’s Srinivasan Changing rainfall patterns, droughts, flooding and
59-minute loan portal holds promise – The Hindu BusinessLine
MSMEs have taken to it, but poor loan disbursements indicate the need for its deeper integration with bank processes One of the biggest announcements for
Only six PSBs cross ‘desirable’ level of 70% provision coverage ratio – The Hindu BusinessLine
While public sector banks (PSBs) have substantially ramped up their loan-loss provisions and strengthened balance sheets in the first nine months of the current financial
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