By Swansy Afonso and Upmanyu Trivedi ArcelorMittal’s $5.9 billion takeover of an Indian steel mill is a shot in the arm for lenders, which have
Month: November 2019
Essar Steel verdict | ET Explains: How Essar Steel verdict changes the rules of the game for future bankruptcy cases
In a landmark judgment, the Supreme Court has upheld the supremacy of the Committee of Creditors comprising the financial creditors of the bankrupt firms over the distribution
Govt notifies insolvency rules for resolution of financial service providers – The Economic Times
The government on Friday notified rules under the insolvency law to deal with resolution of financial service providers, excluding banks. The corporate affairs ministry has notified the Insolvency and Bankruptcy (Insolvency
Insolvency regime for personal guarantors to corporate debtors from December 1 – The Economic Times
The insolvency regime for individual guarantors to corporate debtors will be in force from December 1, according to the government. The provisions for resolution for individuals under
A step forward for insolvency resolution–Economic Times
The Supreme Court judgment clearing the way for resolution of Essar Steel’s insolvency that transfers control of the company to ArcelorMittal is a big step
MSMEs: Desist from passing the MSME Amendment Bill: Swadeshi Jagran Manch – The Economic Times
“Nowhere in the world we find the definition of MSMEs based purely on turnover, except for a few areas in the US,” said Ashwini Mahajan,
Essar Steel: Look forward to close Essar Steel acquisition soon: ArcelorMittal
New Delhi: Global steel giant ArcelorMittal on Friday said it is looking forward to close the acquisition of debt-ridden Essar Steel soon. The remarks followed the apex
Essar Steel verdict | ET Explains: How Essar Steel verdict changes the rules of the game for future bankruptcy cases
NCLAT’s Essar Steel ruling set aside: Everything you need to know In a landmark judgment, the Supreme Court has upheld the supremacy of the Committee of Creditors
IBC process gets back on track after SC nixes NCLAT ruling in Essar Steel – The Financial Express
It said secured lenders and operational creditors would receive 60.7% of their outstanding claims and proportionately share the money that the bidder—Arcelor Mittal—had offered to
GST no more on CEOs salary? Important clarification from govt may have executives breathe easy – The Financial Express
No GST has been demanded on the salaries paid to the CEOs or employees of firms, CBIC said in a clarification. In a major breather
Your bank deposits just got safer; PMC bank fallout prompts long-desired action on insurance limit – The Financial Express
Finance Minister Nirmala Sitharman on Friday said the government will bring legislations on raising insurance cover on bank deposits from the current Rs 1 lakh
Policies framed to create 5 crore jobs in MSME sector: Nitin Gadkari – The Financial Express
Union minister Nitin Gadkari on Friday said the Centre has designed policies to generate five crore jobs in the Micro, Small and Medium Enterprises (MSME)
Lenders may miss RBI’s six-month deadline to approve debt-resolution plans | Business Standard News
Lenders are likely to miss the six-month deadline set by the Reserve Bank of India (RBI) to find a resolution of defaulting companies by December
Insolvency regime for personal guarantors to corporate debtors from Dec 1 | Business Standard News
The insolvency regime for individual guarantors to corporate debtors will be in force from December 1, according to the government. The provisions for resolution for
Essar Steel verdict | ET Explains: How Essar Steel verdict changes the rules of the game for future bankruptcy cases
In a landmark judgment, the Supreme Court has upheld the supremacy of the Committee of Creditors comprising the financial creditors of the bankrupt firms over the distribution
Why India needs to rethink its decision to opt out of RCEP – The Economic Times
By Devashish Mitra After negotiating for about seven years, India decided to opt out of the Regional Comprehensive Economic Partnership (RCEP) earlier this month. One argument used
China’s economy shows further signs of weakness – The Economic Times
Beijing: China‘s economy showed further signs of strain on Thursday with data showing a sharp slowdown in consumer spending and factory production, while investment growth hit
GST: GSTR-9, GSTR-9C gets simplified further, submission dates extended–Economic Times
The Government has to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to December 31, 2019 and
Norms of Aadhaar KYC eased, not of changing address in Aadhaar card – The Economic Times
The revenue department of the finance ministry has clarified that only norms of Aadhaar KYC have been eased for opening of bank accounts and not for change of
Grounding All Those Conspiracy Theorists–Economic Times
It was a bad day for conspiracy theorists on Thursday. The Supreme Court put a lid on the Rafale case, categorically stating that all objections
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