The National Company Law Tribunal (NCLT) has directed the government, regulators, and investigation agencies to clear their stand before the dedicated bankruptcy court decides on the legality
Day: March 19, 2019
Banks finally set to get back Rs 42,000 cr bad debt, as NCLAT OKs ArcelorMittal’s Essar Steel takeover – The Financial Express
The NCLAT refused to put on hold ArcelorMittal’s proposed payment to Essar Steel’s lenders. ArcelorMittal’s Rs 42,000 crore resolution plan for takeover of bankrupt Essar
IBC is masterstroke in curbing bad loans; now iron out these wrinkles – The Financial Express
The banking sector has been reeling under stress for some time now, with non-performing assets (NPAs) steadily climbing, hurting the asset quality of banks. Even
NCLT dismisses Sterling Biotech’s settlement plan approved by financial creditors and proposed by Sandesara brothers – The Financial Express
The NCLT had sent notices to the Ministry of Corporate Affairs, Income Tax office, Enforcement Directorate (ED), SEBI, CBI and RBI for their representations before
Detailed liquidation rules in the works to save viable firms: IBBI chairman | Business Standard News
A detailed framework for sale of a corporate debtor as going concern and sale of business of a corporate debtor as going concern is being
IBC–Companies should not have nine lives – The Hindu BusinessLine
The basic tenets of the IBC are slowly being compromised, to avoid liquidation even when a company is unviable Since its enactment in 2016, the
Deals to rules | The Indian Express
China can teach us a lot about labour markets but not about banking. Their share of bank lending to the private sector has shrunk by
NCLT to Sterling Biotech lenders: How can you accept settlement plan of absconder | Business News, The Indian Express
The Mumbai bench of the National Company Law Tribunal (NCLT) has refused to accept the settlement plan approved by the committee of creditors (CoC) and
131 CAs back Modi govt on economic data, question motives of scholars who criticised it–The Print
Days after 108 economists and social scientists accused the Narendra Modi government of altering or withholding unfavourable economic data, a group of 131 chartered accountants
Rupee: Dollar-rupee swap: RBI chief between a rock and a hard place – The Economic Times
By Andy Mukherjee Several theories explain why India’s new central bank governor took his boldest step yet. Little attention has been paid to the consequences.
ArcelorMittal: CoC may consider NCLAT plan for Essar’s operational creditors–Economic Times
Bankers are likely to consider a suggestion by the National Company Law Appellate Tribunal to increase the share of operational creditors in the proceeds from
Damned statistics produce bad policy–Economic Times
Ronald Coase, an economics Nobel laureate, quipped, “If you torture data long enough, it’ll confess to anything.” A group of 108 economists have written an
Deutsche bank India: Deutsche Bank is said to set up bad-loan buying unit in India–Economic Times
By Saloni Shukla Deutsche Bank AG is setting up a unit in India to buy and reorganize soured debt as it seeks to profit from an unprecedented bad-loan
IBC is masterstroke in curbing bad loans; now iron out these wrinkles – The Financial Express
The banking sector has been reeling under stress for some time now, with non-performing assets (NPAs) steadily climbing, hurting the asset quality of banks. Even
RBI’s $5 billion swap may be good move; but how will Shaktikanta Das convince US Fed? – The Financial Express
The RBI will buy billion from banks for its reserves by giving them rupees, and reverse the trade in 2022. Several theories explain why India’s
Economy–Slowdown signals | Business Standard Editorials
India’s largest carmaker, Maruti Suzuki, has reportedly cut production by 26.8 per cent in March 2018-19 because of a slowing demand in India’s passenger vehicle
Anaemic exports growth | Business Standard Editorials
According to the trade data released by the Union ministry of commerce on Friday, India’s trade deficit is at the lowest it has been for
In duty drawback, a readymade short-term gain for SMEs: CRISIL | Business Standard News
CRISIL expects the export incentives announced by the government in December 2018 to materially benefit the readymade garments (RMG) segment. In fiscal 2018, the segment housed about 37,400
Housing GST rule must be changed, says West Bengal FM Amit Mitra | Business Standard News
Ahead of the GST Council meeting on Tuesday, West Bengal Finance Minister Amit Mitra has proposed that the new goods and services tax (GST) rate for ongoing residential housing projects be made optional.
IL & FS–Making headway – The Hindu BusinessLine
Seven months after the first IL&FS entity defaulted on its dues and exposed major fault-lines in the functioning of this systemically important NBFC, the resolution
aniltikotekar4sme.com 