Under the Insolvency and Bankruptcy Code 2016, there is a procedure which enables any financial creditor to initiate action against any corporate debtor who defaults
Day: May 29, 2020
Credit guarantee scheme: No immediate 100% payments to banks if MSMEs default–Business Today
Clipped from: https://www.businesstoday.in/ On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But
Krishnamurthy Subramanian: ‘Significant uncertainty about growth … after Spanish flu, recovery was V-shaped’ | Business News,The Indian Express
Clipped from: https://indianexpress.com/ Chief Economic Adviser Krishnamurthy Subramanian said it is difficult to make a reliable estimate on growth given the kind of uncertainty resulting from
A letter to justices of Supreme Court, from senior members of the Bar on the migrant crisis | The Indian Express
Clipped from: https://indianexpress.com The government’s statement has been clearly shown to be contrary to the facts. Several reports suggest that more than 90 per cent of
Add trust and transparency to NBFC financing in India–Times of India
Clipped from: https://timesofindia.indiatimes.com/ In 2008, because the lending institutions were raising capital through securitization, the investors of ABS instruments went down with the lenders. In the
India can recover from the recession. Here is a plan | Analysis – analysis – Hindustan Times
Clipped from: https://www.hindustantimes.com Unveil a construction plan, develop a niche in exports, boost Indian brands, allocate another 2% of the GDP MK Rasgotra and Vishnu KirpalaniThe
SFIO to probe Jaiprakash Associates, Jaypee Infratech for financial irregularities – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ The Serious Fraud Investigation Office (SFIO) will probe Jaypee group’s flagship firm Jaiprakash Associates and bankruptcy-bound Jaypee Infratech for alleged financial irregularities, according
JetAirways crisis: Deadline for submission of EoI is today – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ Jet Airways aircraft. File photo – REUTERS Jet Airways aircraft. File photo – REUTERS× It has been over a year since Jet Airways
Protect bankers’ interest for free flow of credit to small firms: Seshagiri Rao – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Seshagiri Rao, Joint MD, JSW Steel (file photo). – THE HINDU Seshagiri Rao, Joint MD, JSW Steel (file photo). – THE HINDU× Banks
Firms red-flag pitfalls of IBC suspension; law’s future unsure, say experts | Business Standard News
Clipped from: https://www.business-standard.com With the Insolvency and Bankruptcy Code, which was the instrument lenders had to make their borrowers fall in line, suspended for a year,
NCLAT’s resolution professional ruling: Several bankruptcy cases face delay | Business Standard News
Clipped from: https://www.business-standard.com National Company Law Appellate Tribunal (NCLAT) had ordered that a former bank official cannot be appointed as a resolution professional (RP) in a
msme stimulus package: 44% MSMEs feel stimulus package not good enough – The Economic Times
Clipped from: https://economictimes.indiatimes.com Forty four per cent of respondents said the relief measures announced by the government earlier this week did not meet expectations and 86%
IBC deferral plan and absence of loan rejig put banks in a fix – The Economic Times
Clipped from: https://economictimes.indiatimes.com Unlike the meltdown of 2008-09, Covid-19 has impacted a far higher number of industries. MUMBAI: Banks are in a quandary over the resolution
A survival-of-the-fittest approach towards MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com The structuring of their relief package suggests that the Centre is only keen to ensure the sustenance of somewhat large and viable MSMEs
Centre eroding States’ fiscal autonomy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Restrictive conditionality Only intended to hinder States’ development policies – Getty Images/iStockphoto Restrictive conditionality Only intended to hinder States’ development policies – Getty
CBDT notifies revised Form 26AS, to include details of property, share deal | Business Standard News
Clipped from: https://www.business-standard.com/ To implement this, the Budget 2020-21 had introduced a new Section 285BB in the Income Tax Act Form 26AS is an annual consolidated
Lockdown 4.0: Not looking for dole, need better policies, say Meerut MSMEs | Business Standard News
Clipped from: https://www.business-standard.com/article/economic-revival/lockdown-4-0-not-looking-for-dole-need-better-policies-say-meerut-msmes-120052801729_1.html The fourth of a five-part series looks at the situation in the industrial heartland of Western UP where firms prefer GST refunds, supportive
Do borrowers have any rights? | Business Standard Column
Clipped from: https://www.business-standard.com Can the bank take shelter under the omnibus problems caused by the Covid-19 crisis to indiscriminately cut down on the sanctioned credit limits
Rs 20 lakh crore Covid-19 relief package: Missing demand – The Financial Express
Clipped from: https://www.financialexpress.com/ The package has a large role for RBI, with 40% of the amount mentioned being provided as liquidity by the central bank. What
Blanket ban on recovery impractical, say bankers – The Economic Times
Clipped from: https://economictimes.indiatimes.com Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protection against
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