Lenders of Jet Airways are likely to take management control of the airline by superseding the current board, it is learnt. A consortium of lenders, led by State
Month: March 2019
Outstanding listing fee can’t be recovered under IBC, rules NCLT – The Hindu BusinessLine
Ruling that the National Company Law Tribunal (NCLT) is not the right forum to initiate recovery proceedings for non-payment of ‘annual listing fees,’ the tribunal’s
IBC: NeSL ‘gives creditors’ access to data real time – The Hindu BusinessLine
In a bid to facilitate a time-bound and cost-effective resolution under the Insolvency and Bankruptcy Code, National E-Governance Services Ltd (NeSL), India’s first Information Utility
GST: Real estate sector needs to make significant changes, and fast—Economic Times
Another important aspect clarified by the GST Council is to treat projects with up-to 15% commercial space as residential property. The 34th GST Council meeting held on
Essar Steel: NCLAT directs Essar Steel to call CoC meeting to reconsider distribution of funds–Economic Times
Operational creditors, under the plan, would get just Rs 214 crore against the outstanding of Rs 4,976 crore. The NCLAT Wednesday asked the resolution professional
SBI says not all is lost in Jet Airways; still trying to keep Naresh Goyal’s airline afloat – The Financial Express
Even as media reports indicate that Etihad has decided to bow out, and is looking to sell it’s stake completely, Kumar said that the decision
The NCLAT has got it wrong; if RBI can’t force them to provision, banks can’t be safe – The Financial Express
Courts like the NCLAT and the SC need to understand the implications of their rulings. While it is good news that the central bank has
Ericsson-RCom row: Lesson for India’s bankruptcy system – The Financial Express
By Andy Mukherjee Anil Ambani is not going to jail after all, and Ericsson AB got its money. The Swedish company’s lawyers should take a
Return on skill: The widening earnings gap – The Financial Express
By Rajesh Shukla, Megha Shree & P Geetha Rani The slow pace of job generation has been a major cause of concern and is an
I-T department, other tax agencies can initiate insolvency: NCLAT | Business Standard News
Aashish Aryan | New Delhi Last Updated at March 20, 2019 21:14 IST The Income Tax department of the central government, the sales tax department of the state government and other
Economy: Glass more than half full | Business Standard Column
There is an attempt in several quarters at creating a narrative about the weak economic performance over the last five years. This is despite the
Can’t reject claims based on new issues | Business Standard Column
An insured who is aggrieved by the repudiation of this claim can challenge the repudiation by filing a consumer complaint. While defending the case, can
Import duty misstep | Business Standard Editorials
The government is reportedly considering a further increase in duties on crucial components used in the manufacturing of electronics. In particular, the Union ministry of
Cannot take coercive action in circular trading cases: Bombay HC | Business Standard News
The Bombay High Court on Wednesday ruled that no coercive action will be taken against a person charged with issuing fake invoices and circular trading, pending final
Opinion| China’s slowing down, and that’s bad news for the world | analysis | Hindustan Times
At the National People’s Conference (NPC) meeting in Beijing, which concluded on March 15, Premier Li Keqiang drew attention to the “grave and complicated environment”
Arun Jaitley dubs ‘108 purported economists’ as compulsive contrarians – The Economic Times
Indian economy has not created jobs is a myth: Arun Jaitley Finance Minister Arun Jaitley Tuesday dubbed the “108 purported economists” alleging government interference in
ArcelorMittal: Essar Steel lenders mull options after NCLAT advice – The Economic Times
Creditors to Essar SteelNSE 0.00 % are weighing three options, one of which might be put before an appellate bankruptcy court on Monday, as they seek to draw to
Chinese products: Like it or not, you can’t avoid our products: Chinese media to India–Economic Times
The paper further advised Indian politicians to improve real strength rather than shouting slogans just on Twitter. India’s manufacturing industry is still underdeveloped and it
RBI: Reserve Bank of India raises concern over role of ‘rating advisers’–Economic Times
Reserve Bank of India (RBI) has pinpointed the conflict of interest in the functioning of credit rating agencies and is concerned over the role of the
GST Council: New GST real estate rate to be applicable from April, source 80% materials from registered dealer
The GST Council Tuesday approved a transition plan for the implementation of new tax structure for the real estate sector with applicable rules for housing units being applicable from April 1,
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