By Sudhakar Sethuraman and Vibha Bhaskar The new income tax return forms notified for the tax year 2017-2018 have come up with the required disclosure of gifts.
Till recently, the Insolvency and Bankruptcy Code (IBC) was projected by the government as a silver bullet for resolving the bad loans that have been plaguing the banking system.
Anusaya Developers had purchased agricultural land from several land owners and then converted it to non-agricultural land. These plots were then sold to various buyers
The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy. The Union Cabinet,
With stressed assets reaching alarming proportions, the All India Bank Employees’ Association wants the recovery of bad loans to be done on a war footing.
Tomorrow marks the start of the golden jubilee year of bank nationalisation in the country. In light of the troubles that public sector banks have
Throwing its weight behind ‘electronic’ process, insolvency regulator IBBI has mandated that any class of creditors looking for a representation in the Committee of Creditors
The Union Cabinet approved additional changes to Insolvency and Bankruptcy Code through an ordinance, easing rules to enable promoters of micro, small and medium enterprises to bid for their
This provision had raised concerns that deposits could be used to bail out failing banks. The government is likely to withdraw the controversial FRDI Bill in the
The 5.8% jump in wholesale prices in June, up from 4.4% a month before, is a warning against any fiscal laxity. The RBI would have
Numetal and ArcelorMittal had filed petitions in the NCLAT challenging the disqualification of their first round of bids by the resolution professional. (Reuters) ArcelorMittal, which
Singapore-based Cube Highways, through senior counsel Gopal Jain, argued that it was willing to bring in Rs 3,300 crore upfront for takeover of the 165-km
For a wide range of customers, the trust in banks is dwindling by the day. Neither the $2.6-trillion GDP, overtaking France, nor the EoDB rankings
Most of these subsidiaries are likely to be admitted by the National Company Law Tribunal (NCLT) for insolvency proceeding by next month. Lenders to the
By Rishi Mehra Various events and the manner in which a business is run can lead to its bankruptcy. If you have creditors, it is
The appellate bankruptcy court on Tuesday barred lenders from voting for the highest bidder for Bhushan Power, following a plea from Liberty House that a transparent process was not
Bad loans of banks and corporate scandals have revealed the rot in the system. But what is at the centre of it all despite all
पुणे : जागेची खरेदी करताना आपली फसवणूक तर होत नाही ना, असा प्रश्न जागा खरेदी करणाऱ्याच्या मनात सतत येत असतो. खरेदीदारांना उद्भवणाऱ्या या प्रश्नाची लवकरच सोडवणूक
The company reported a net loss of Rs 2,709 crore on net sales of Rs 13,743 crore in FY17, which was a 15-month period following
Even as the government has stood firm on resisting a call for easing the exclusion norms under the insolvency resolution process to retain its integrity