India’s central bank Governor Shaktikanta Das said there’s more room for easing monetary policy, but a lot depends on how these actions are timed. “It’s
Day: December 18, 2019
BPSL CoC moves SC for clarity on primacy of IBC over other laws – The Financial Express
The CoC said that the two impugned orders have raised questions over primacy of the Insolvency and Bankruptcy Code over the Prevention of Money Laundering
Texmaco Rail moves NCLAT against NCLT order on unit – The Financial Express
For last fiscal, Texmaco Rail’s net profit and gross revenue from operations were at Rs. 75.30 crore and Rs. 2005.20 crore, respectively. Texmaco Rail &
IMF may downgrade India’s growth forecast significantly in Jan: Gopinath | Business Standard News
The International Monetary Fund is set to join other downbeat analysts and cut the growth estimate for India “significantly”, its India-born chief economist Gita Gopinath said on
Fiscal profligacy can lead to critical situation: Former RBI Guv Subbarao | Business Standard News
Former Reserve Bank Governor D Subbarao on Tuesday asked the government to ensure fiscal deficit is within the targeted number and warned that “fiscal profligacy” can lead to crisis
Creditors, home buyers approve NBCC’s bid for debt-laden Jaypee Infra | Business Standard News
Jaypee Infratech’s financial creditors, including lenders and homebuyers, have approved the bid of state-owned NBCC to acquire the debt-laden realty firm under insolvency process, according
SAT denies relief to Axis Bank in Karvy case, asks it to approach Sebi | Business Standard News
The Securities Appellate Tribunal (SAT) has denied relief to Axis Bank in the Karvy case. The private lender had approached the tribunal seeking the shares pledged by Karvy to
The right reaction | IBC 2016–Business Standard Editorials
The Union Cabinet has signed off on further amendments to the landmark Insolvency and Bankruptcy Code (IBC). The purpose of these amendments is to ensure that there
Proposed changes to IBC may augur well, but apprehensions still remain | Business Standard News
Proposed amendments to the Insolvency and Bankruptcy Code (IBC), one of the most-reformed laws of recent times, have laid to rest most of the concerns, but apprehensions
Over 9,600 cases worth Rs 3.75 trn disposed of at IBC pre-admission stage | Business Standard News
As many as 21,136 applications have been filed under the Code, the corporate affairs ministry said in a release on Sunday. More than 9,600 cases
Amended IBC sets threshold for initiating corporate insolvency cases | Business Standard News
The government has proposed at least 100 individuals or 10 per cent of creditors such as homebuyers have to come together to initiate corporate insolvency
The uncertain times continue for banks | Business Standard Column
Speaking at the Hindustan Times Leadership Summit earlier this month, Prime Minister Narendra Modi declared the emergence of India’s banking sector from the crisis of the past,
Don’t get spooked by the inflation | Business Standard Column
Inflation has risen, particularly with a sharp rise in vegetable prices. This is not, however, a time to get too worried about inflationary pressures in the economy.
PMLA vs IBC: Experts explain why battle for primacy is far from over | Business Standard Column
In a bid to make way for a better insolvency resolution process, the Union Cabinet has approved a set of amendments to the Insolvency and Bankruptcy Code (IBC) through
Arbitration venue to green clearance, key court orders from last week | Business Standard Column
SC quells row over arbitration venue Though arbitration clauses are often drafted by the best legal brains, basic issues like jurisdiction of courts is a
Essar Steel verdict: Strengthening committee of creditors comes with riders | Business Standard Column
The ArcelorMittal saga finally achieved quietus on November 15, 2019. Its resolution plan for rehabilitating Essar Steel was blessed by the apex court. While the judgment traverses
Karvy incident aftermath: Legal shadow cast over collateral business | Business Standard Column
In the aftermath of the Karvy incident, lending against third-party collateral facility raises questions over regulations concerning banks and brokers which are at loggerheads. While
‘Advance authorisation is different from special advance authorisation’ | Business Standard News
We received advance authorisation (AA) dated December 11, 2019, towards import of linen fabric under actual user condition. Will pre-import condition be applicable as per
Ease of Doing Business taken care of; next frontier, COST of Doing Business – The Financial Express
India is consistently improving on the Ease of Doing Business ranking, but there is still large scope in matching the pace with peers on the
Why India pulled out of RCEP? Piyush Goyal defends govt’s controversial move – The Financial Express
Piyush Goyal said the government took the bold decision in the national interest because clearly, the RCEP had become nothing but an India-China FTA which
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