When it comes to genuinely addressing the pain points that its entrepreneurs undergo in their quest to set up and scale a business, India still
Day: October 30, 2019
What happened to the two-year old NPA cases amounting to Rs 3.45 lakh crore?–Business Today
It has been more than two years since June 2017 when the RBI referred 12 cases that accounted for Rs 3.45 lakh crore of outstanding
Jet Airways’ only bidder Synergy Group has a default history–Business Today
Columbia’s Synergy Group, the only potential bidder for India’s iconic airline Jet Airways, and its founder German Efromovich have a credit default history, which has
How IBC helped improve India’s ease of doing business rankings–Business Today
Before IBC, the recovery (of debt) rate was around 26% and the time taken for closure of the case was over four years. IBC has
No need to escalate one case to reflect everything to do with IBC: Sitharaman–Business Today
Finance Minister Nirmala Sitharaman has said that uncertainty arising out of one case should not be generalised about the efficiency and effectiveness of Insolvency and
ED may move Supreme Court against NCLAT order on Bhushan Power’s attached properties–Business Today
The Enforcement Directorate (ED) has sought legal opinion to challenge in the Supreme Court the National Company Law Appellate Tribunal (NCLAT)’s order asking it to
Group insolvency law: A first look at what it may entail–Business Today
A working group of experts have come out with a report on the group insolvency law. In what could be the first glimpse of the
IBC Code: Are speculative homebuyers misusing insolvency law?–Business Today
Are unscrupulous or speculative homebuyers trying to disrupt otherwise well-run real estate companies? Are homebuyers who have an axe to grind misusing the insolvency and
Gehlot writes to PM, seeks amendments in bankruptcy law to protect state enterprises–Business Today
Rajasthan Chief Minister Ashok Gehlot has written a letter to Prime Minister Narendra Modi asking him to safeguard the assets of state government and interests
BT Buzz: No takers for junk priced Rotomac, LML, Moser Baer brands in liquidation–Business Today
Since the corporate insolvency law – Insolvency and Bankruptcy Code (IBC) – came into existence in May 2016, the court has adjudicated liquidation of 486
Note ban was a management blunder: Rangarajan | Deccan Herald
Increase in the government expenditure, especially the capex are the right ways of addressing the current slowdown in the economy, according to former Reserve Bank
Judge’s refusal to recuse wrong | Deccan Herald
Justice Arun Mishra’s refusal to recuse himself from a five-judge constitution bench of the Supreme Court which is hearing a petition against an earlier judgment
P2P lending: Sachetisation of loans: It may already be happening with P2P Lending – The Economic Times
By Rajat Gandhi What happens when an economy is in a flux and growth has slowed down? Demand slows, investment slows down, jobs are lost
Insurance Deposit limit | View: It’s time to revise the limit of deposit insurance cover–Economic Times
By Manas R Das The last time the deposit insurance coverage limit was revised was in May 1993, when a ‘bullet’ hike was effected from
Job crisis signal | Business Standard Editorials
The Indian economy is in the midst of a severe slowdown and the data suggests that a sharp recovery in the near term is unlikely. Apart from
Save the bankruptcy code | Business Standard Editorials
One of the few high-profile successes of the Insolvency and Bankruptcy Code (IBC) has been the sale of Bhushan Power & Steel Ltd (BPSL) to JSW Steel.
ONGC contract workers’ claim to BPCL arbitration appeal: Key court orders | Business Standard Column
ONGC contract workers’ claim to be reviewed The Supreme Court (SC) has revived a question looming over a 1994 notification on contract labour in Oil and
Govt plans to introduce e-way bill on gold movement to check GST evasion | Business Standard News
The government is considering introduction of e-way bill on the movement of gold to plug evasion and arrest declining goods and services tax (GST) revenue collections. To ensure that
Banks baulk at Rs 4,000-cr loan to Patanjali for Ruchi Soya acquisition | Business Standard News
According to Patanjali’s plan, the banks would take a 65 per cent haircut on Ruchi Soya’s Rs 12,100-crore dues Bankers are jittery over Patanjali Ayurved’s
Insolvency Code progress report: Nearly 4 times as many cases in liquidation as in resolution – The Financial Express
The IBBI data also shows about 56.17 per cent of the CIRPs, which were closed, ended in liquidation, and only 14.93 per cent ended with
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