The biggest success story under the Insolvency and Bankruptcy Code (IBC) so far, the resolution of a dying Bhushan Steel and the process of takeover by Tata Steel for Rs 35,571
Author: Anil R Tikotekar
मी यापूर्वी बँक ऑफ महाराष्ट्र मध्ये क्षेत्रीय अधिकारी म्हणून काम करत होतो. मुंबई, पुणे, सोलापूर, कोल्हापूर व लातूर येथे काम करण्याचा अनुभव आहे . १६ वर्षे मनेजर म्हणूनही काम केले आहे तसेच बँक ऑफ महाराष्ट्र मधील ट्रेनिंग कॉलेज मध्ये शिकवण्याचा देखील अनुभव आहे. माझा इमेल aniltikotekar@gmail.com असा आहे. माझी website अजून चांगली कशी होईल याबाबत सूचनांचे स्वागतच आहे. कोणत्याही आर्थिक फायदा मिळवावा अशा हेतूने ही website सुरु केलीली नाही याची नोंद वाचकांनी घेणे गरजेचे आहे. तसेच या संकेतस्थळावर दिला गेलेला सल्लाअमलात आणण्याआधी आपल्या आर्थिक बाबी माहित असण्याऱ्या व्यक्तींचा [ जसे की CA ] सल्ला घ्यावा. समाजातील काही घटनांना थोडीशी जरी मदत झाली तरी हा प्रयत्न थोडाफार तरी यशस्वी झाला असे म्हणता येईल.
Dangerous to let viable cos shut down, IBC gives another chance: IBBI chief | Business Standard News
Committees of Creditors (CoCs) should provide all relevant information and share their vision for companies under the insolvency process, a senior official said Saturday as he asserted that it
Consumption expenditure is losing steam – The Hindu BusinessLine
Consumers have proved to be messiahs for the Indian economy in the last three years, propping up demand for goods and services with their spending,
All you wanted to know about haircuts – The Hindu BusinessLine
Of late, it is not just magazines offering lifestyle and beauty tips that have been featuring discussions on haircuts. The pink papers have been devoting
IBC: RCom lenders to finalise RP from shortlist of 5 – The Hindu BusinessLine
The lenders of Reliance Communications (RCom), an Anil Ambani group company, have shortlisted five Resolution Professionals (RPs) based on technical evaluation for the debt-laden firm’s
Adherence to IBC timelines still a challenge, says Crisil – NEWS – The Hindu BusinessLine
Adherence to the IBC timeline, burden on NCLT to resolve the large number of cases, clarity on priority of claims, limited number of information utilities
Liquidation process for ABG Shipyard commences – The Hindu BusinessLine
Debt-ridden ABG Shipyard on Monday announced commencement of the liquidation process under the Insolvency and Bankruptcy Code. “NCLT vide order dated April 25, 2019…ordered commencement
Below the line – OPINION – The Hindu BusinessLine
NCLAT Chairman Justice SJ Mukhopadhaya was at his witty best at a recent insolvency law conference in the Capital. He wanted the ‘Committee of Creditors’
‘IBC helped creditors recover 195% of liquidation value’ – The Hindu BusinessLine
The creditors of companies that have been rescued from liquidation as of March 2019 have been able to realise 195 per cent of the ‘liquidation
For a simpler GST | The Indian Express
GST is not being flaunted by the BJP as its major achievement in the ongoing election campaign. It was launched with a special session of Parliament similar
CJI case: All eyes on the proceedings in the SC | columns | Hindustan Times
Their lordships have sworn to uphold Constitutional values of equality and dignity. Their courtrooms have delivered landmark judgments, like Vishaka, which affirmed women’s right to
View: India’s insolvency law as creator of jobs – The Economic Times
By Sapan Gupta The new corporate insolvency regime has saved nearly four lakh jobs in India. Had it not been for the new law being
MSME: A primer for availing MSME business loans: Here’s everything you need to know
By Mehernosh Tata Globally, the Micro, Small and Medium Enterprises (MSMEs) segment plays a crucial role in employment generation, driving innovation, GDP growth, and augmenting overall economic
SFIO arrests Bhushan Steel’s former CFO Nitin Johri on charges of financial fraud – The Economic Times
The country’s top fraud watchdog, SFIO, has arrested Bhushan Steel’s former chief financial officer and director Nittin Johri, according to a senior official. The late evening
Lenders take 57% haircut in 94 cases worth Rs 1.75 lakh crore – The Economic Times
Banks have taken a huge 57 percent haircut in the 94 large accounts worth Rs 1.75 lakh crore which were resolved in FY19, recovering just Rs 75,000 crore
For the first time in history, income tax filings fall in FY 2019 – The Financial Express
Against the revised estimates, direct tax collection in FY19 fell short by `50,000 crore, and in the current financial year, the budget estimates for direct
IBC resulted in recovery rate of 43%, figure is respectable: CRISIL | Business Standard News
The advent of Insolvency and Bankruptcy Code (IBC) has resulted in a recovery rate of 43 per cent, which, according to rating agency CRISIL, is
Former Bhushan Steel CFO Nittin Johri arrested for fraudulent practices | Business Standard News
The Serious Fraud Investigation Office (SFIO) has arrested former chief financial officer of Bhushan Steel Nittin Johri for fraudulent activities, including filing false documents with various banks, according
Residential flats with parking, other facilities will attract lower GST, rules West Bengal AAR – The Hindu BusinessLine
When paying for your dream home, don’t pay the differential Goods & Services Tax (GST) — lower GST for the dwelling unit and higher GST
Slow down in FY19 on demand, investment, exports: FinMin report – The Economic Times
The proximate factors responsible for this slowdown include declining growth of private consumption, tepid increase in fixed investment & muted exports. India’s economy slowed down
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