Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/supreme-courts-order-on-defaulter-tycoons-plugs-an-important-bankruptcy-loophole/articleshow/82825203.cmsSynopsis Lawyers and bankers were said the order sets a precedence for future recoveries in bankrutpcy cases and more importantly act as a deterrent
Month: May 2021
DHFL ruling: NCLT ruling on DHFL: Creditors weighing options – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/nclt-ruling-on-dhfl-creditors-weighing-options/articleshow/82897352.cmsSynopsis Several lenders prefer challenging order at appellate tribunal to voting against Wadhawan’s offer Mumbai: Stunned by the National Company Law Tribunal ruling (NCLT) onDHFLNSE 4.83
Telemedicine can complement medical tourism – OPINION – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34630435.ece Through preliminary assessment, telemedicine helps patients decide whether they need to make the journey for advanced treatment Internet-propelled technologies that are shaping the
Cheque-bounce cases need to be settled fast – OPINION – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34630430.ece Losing tractionCheque transactions Losing tractionCheque transactions× Allowing courts to make summary convictions and discouraging the use of cheques can help reduce the huge
WhatsApp row: Time for courts to step in – OPINION – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34630428.ece Terms of contract can be enforced only when they are fair. Courts are best positioned to intervene and protect user interests The WhatsApp
personal guarntors -Welcome clarification – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34630423.ece SC ruling on personal guarantees in corporate bankruptcies is welcome, but NCLT is not in sync There have been two important, and in
Rising unemployment adds to the Covid pain – NEWS – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34630402.ece Unemployment rates are slowly moving back to the record highs of June 2020 when there was a national lockdown A fledgling recovery in
Covid-related health insurance claims top Rs. 23,000 crore – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34630389.ece Average claim size shrinks to Rs. 95,000, duration of stay down to six days Reflecting the surge in cases, Covid-related health insurance claims
Jaypee case: NBCC questions IRP’s ‘jurisdiction’; demands voting on its offer – The Financial Express
Clipped from: https://www.financialexpress.com/industry/jaypee-case-nbcc-questions-irps-jurisdiction-demands-voting-on-its-offer/2257110/ In the first round of insolvency proceeding, the Rs 7,350-crore bid of Lakshadweep, part of Suraksha Group, was rejected by lenders. The CoC
How NRIs setting up private trusts in India for investment, estate planning can take care of FEMA issues – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/how-nris-setting-up-private-trusts-in-india-for-investment-estate-planning-can-take-care-of-fema-issues/articleshow/82851201.cms Synopsis–Setting up of a trust in India for NRIs is a mixed bag with a lot of challenges under Indian exchange control laws
NRI Helpdesk: Are you eligible for the National Interest Exception? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/migrate/nri-helpdesk-are-you-eligible-for-the-national-interest-exception/articleshow/82851857.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis With immigration rules constantly changing with the pandemic situation, it is difficult to keep up to date with it all. For our NRI
Elon Musk tweets he supports crypto in battle against fiat currencies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/musk-tweets-he-supports-crypto-in-battle-against-fiat-currencies/articleshow/82858886.cmsSynopsis Bitcoin rose after Musk’s post to trade at around $38,150 as of 12:27 p.m. London time. Elon Musk is again tweeting about technology and
RBI not in favour of fresh insolvency freeze – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-not-in-favour-of-fresh-insolvency-freeze/articleshow/82699508.cmsSynopsis During initial discussions with the government, RBI has indicated a freeze will not help anyone in the long run as it will only
Suraksha ARC seeks “fair & unbiased” process in Jaypee Infra insolvency – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/suraksha-arc-seeks-fair-unbiased-process-in-jaypee-infra-insolvency/articleshow/82775929.cmsSynopsis The company has debt obligation of over Rs 9,800 crore to creditors. Homebuyers’ claims amount to Rs 12,714 crore. The admitted financial debt
Smart tips for buying a home insurance policy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/smart-tips-for-buying-a-home-insurance-policy/article34623882.ece Those living in rented properties can also secure contents Many citizens are impacted by some or the other natural disaster every year. The
Inflation and stocks – OTHERS – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/article34625418.ece Equities struggle when interest rate rises Two school friends and veteran investors bumped into each other after decades in a coffee shop. As
How daughter can claim TDS share related to joint bank account after mother’s death – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-how-daughter-can-claim-tds-share-related-to-joint-bank-account-after-mothers-death/article34624835.ece For a query (published on April 18, 2021) relating to sharing of income and claiming of TDS of a deceased lady by the
Support cryptocurrencies in battle against fiat currencies: Elon Musk–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/support-cryptocurrencies-in-battle-against-fiat-currencies-elon-musk/story/439766.html In reply to a question about people angry with him because of cryptocurrency, Musk said, “The true battle is between fiat & crypto.
Levying IGST on imported oxygen concentrators for personal use ‘unconstitutional’: Delhi HC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/levying-igst-on-imported-oxygen-concentrators-for-personal-use-unconstitutional-delhi-hc/article34617008.ece Division Bench quashes Finance Ministry notification issued on May 1 The Delhi High Court, on Friday, held that the imposition of Integrated Goods
Pandemic takes a toll on truckers, loan repayments slow – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/pandemic-takes-a-toll-on-truckers-loan-repayments-slow/article34598922.ece Truckers are hoping for a blanket loan moratorium as businesses take a hit, utilisation drops While delays in repayments of truck loans have
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