Involving a resolution professional in a maximum of two cases and engaging industry experts to monitor committees are among changes that must be brought in
Month: April 2020
Jet Airways: Running out of luck at just about every turn – The Hindu BusinessLine
Several attempts were made to revive Jet, but none bore fruit When Jet Airways suspended operations a year ago, its over 20,000 employees were hopeful
A year after shutting down operations, Jet Airways awaits new owners – The Hindu BusinessLine
Over 15 entities have shown interest in acquiring stake in the Indian airline but no financial bids yet “It was today, one year ago, I
RBI relief for banks: More time given on review period, resolution of stressed assets – The Hindu BusinessLine
The Reserve Bank of India (RBI) has given a temporary breather to lenders on the Review Period as well as timeline for resolution of stressed
Covid-19: Lockdown period not to be counted for liquidation process related tasks timelines – The Hindu BusinessLine
An `information utility’ is an information network that stores financial data like borrowings, default and security interests among others of firms. – istock.com/designer491 An `information
Law playing catch-up with a virus – The Hindu BusinessLine
The Competition Act, 2002, has in-built safeguards to protect businesses from sanctions for certain coordinated conduct, provided such arrangements result in increasing efficiencies – Getty
The RBI should do more to boost bank lending – The Hindu BusinessLine
Additional measures such as easing of prudential standards are needed for banks to expand credit during crisis times like Covid Building upon the measures announced
IBBI slaps Rs 1-lakh penalty on erring insolvency professional – The Hindu BusinessLine
Outsourcing of IP’s duties not allowed under regulations Insolvency regulator IBBI has imposed a monetary penalty of ₹1 lakh on Koteswara Rao Karuchola, a Hyderabad-based insolvency
Financial reporting, auditing during coronavirus days bring along its own set of challenges – The Hindu BusinessLine
Normally, March and April are busy months for businesses and auditors. But the lockdown following the cornavirus has brought along with it a set of
8 of 10 companies will pay full wages for lockdown period, says survey – The Hindu BusinessLine
2.4% of firms surveyed will cut jobs while 10.6% will cut salaries Although the pandemic has dealt a severe blow to businesses, eight out of
Focus on survival and stability this year, look for growth in the next: Srei Infra chief – The Hindu BusinessLine
Businesses across sectors should focus on “survival and stability” during the course of the current financial year. Once they are able to survive and stabilise
Helicopter money must be the last resort – The Hindu BusinessLine
The Centre can still consider a plethora of conventional means to make its stimulus effective and ramp up an ailing economy As the world grapples
Two SpiceJet lessors in talks to reclaim planes over missed payments – The Hindu BusinessLine
Two lessors to Indian carrier SpiceJet Ltd are in talks to terminate contracts and repossess planes via mutually agreed deals with the airline over missed
3 critical lessons small businesses must learn from Covid-19 to grow in post-pandemic world – The Financial Express
Ease of Doing Business for MSMEs: The small business owners must build trauma management capabilities to be able to respond to a crisis with their
Insolvency and Bankruptcy Laws: Impact of Covid-19 outbreak and opportunities that may arise – The Financial Express
Increment in the threshold would be directly proportional to the reduction in filings before NCLT (Tribunal) and it would unburden the Tribunal substantially. The companies
Substantial recovery likely against IL&FS Rs 94k cr debt: Injeti Srinivas | Business Standard News
The NCLAT has approved the entire proposal of the government, which is in the “final stages of resolution” On the issue of whether the statutory
Cash-strapped DHFL not to make any payment to lenders, bondholders | Business Standard News
The Corporate Insolvency Resolution Process (CIRP) was initiated against the debt-ridden company as per the provisions of the Insolvency and Bankruptcy Code, 2016 with effect
Bidders jittery over coronavirus impact on bankrupt firms, seek legal help | Business Standard News
Seek legal advice, want force majeure clause included in new contracts Bidders said falling economic growth, a weak rupee coupled with lower customer demand will
Flattening the bankruptcy curve: Why IBC cases may surge post-lockdown | Business Standard News
Shroff is in favour of introducing a new chapter to the Insolvency and Bankruptcy Code (IBC) with temporary provisions Two American professors, Kenneth Ayotte and
Monetisation of govt’s fiscal deficit by RBI is tricky, say economists | Business Standard News
Sajid Chinoy, chief economist at JP Morgan, said any move to monetise the Centre’s fiscal deficit would lead to surplus liquidity to the tune of
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