Ratings agency Moody’s on Thursday said the Reserve Bank of India’s move to revise asset recognition norms for bank loans to the real estate sector
Category: IBC-SEBI
DHFL’s former directors move NCLT seeking participation in CoC meetings | Business Standard News
The tribunal directed the administrator to file a reply in this regard before February 19. Former directors of Dewan Housing Finance Corporation Ltd on Wednesday
PAN Card Data: Income Tax department to share taxpayers’ PAN, other data with Sebi | India Business News – Times of India
NEW DELHI: The Income Tax (I-T) department will share all taxpayers’ data like PAN (permanent account number) information with Sebi (Securities and Exchange Board of India) in
Govt seeks additional 270 days to complete resolution for 105 IL&FS group companies – The Economic Times
New Delhi: The government has approached the National Company Law Appellate Tribunal seeking additional 270 days to complete resolution process of 105 IL&FS group companies.
NCLAT orders reverse insolvency process for stressed realty projects | Business Standard News
In a first, the National Company Law Appellate Tribunal (NCLAT) has passed an order for reverse insolvency process that could set a template for stressed
Forbearance to stressed sectors likely to defer asset quality pressures: Fitch Ratings – The Financial Express
Allowing a one-time restructuring of loans to MSMEs and the announced relaxation in asset classification for certain real estate projects mark a further dilution of
Homebuyers object to Insolvency code amendment, approach parliamentary committee – The Economic Times
MUMBAI: The Forum for People’s Collective Efforts (FPCE), a national lobby of homebuyers, has approached the Jayant Sinha-headed parliamentary standing committee on finance with its objection
Jet Airways: As liquidation threat looms, Jet Airways bidders still not ready–Economic Times
By Bijou George Bankrupt carrier Jet AirwaysNSE 4.93 % India Ltd., once the nation’s biggest by market value, faces fresh warning signs as a deadline to avoid
Under Modi’s rule Rs 4 lakh crore recovered through insolvency, bankruptcy proceedings: MoS Finance – The Financial Express
Due to the strong action taken by the financial institutions by initiating legal proceedings and following due process on the orders of the Central government,
NCLT allows Indiabulls group companies plea to secure assigned loans – The Financial Express
On January 27, two Indiabulls Group companies had filed an application in NCLT against IDBI Trusteeship to recover dues against loans assigned to them by
Relief for Unitech homebuyers! New Board may access distress fund to finish projects–Business Today
he new Board of Unitech Limited may access the real estate distress fund the Union Cabinet approved in November 2019 to finish incomplete apartments. The Supreme Court of India, on
Budget 2020: Road to a fit-for-future India- [ IBC ] Business Today
The World Bank’s Ease of Doing Business rankings has seen India move up by 79 places The underlying theme of Budget 2020 – wealth creation for all
Scrapping DDT to hit promoters, investors | Deccan Herald
Promoters of India Inc and big-ticket retail investors have been hit hard the second time in two consecutive budgets with the government scrapping the dividend distribution
CBDT cuts per day cash limit for payments – Check details – The Financial Express
The rule 6ABBA is deemed to have been inserted from the 1st day of September 2019, which mentions all digital or electronic mode of payments.
Insolvency law reduces resolution time for stressed assets to 340 days: Economic Survey – The Economic Times
New Delhi: The average time taken for resolution of stressed assets has come down to 340 days since the insolvency law came into force three
Facing financial crunch, UK based Norton Motorcycle goes into administration; India roll out hit – The Economic Times
MUMBAI: UK-based premium bike maker Norton Motorcycle‘s India roll out may be hit, as the company has gone into administration after failing to pay outstanding
Stress on auditors’ accountability is good, but more reforms are needed – The Hindu BusinessLine
The Centre must expedite efforts to the augment the regulatory capacity and resources of the National Financial Reporting Authority, to help it effectively fulfil its
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तिजोरीत खडखडाट आहे हे लक्षात आल्याने सरकारला ३१ मार्चपूर्वीच एअर इंडिया विकायची घाई करावी लागत आहे. पण हे सोपे नाही.. पैसेही घालायचे, कंपनीचे २३ हजार
New rules for fast-track winding up of firms may lighten NCLT’s burden – The Hindu BusinessLine
Centre can nowokay dissolution of firms falling within specified thresholds The Corporate Affairs Ministry (MCA) has come up with the long awaited ‘Winding-up Rules’, which
Should the Budget dispense with tax audit? – The Hindu BusinessLine
While much of the info are provided by taxpayers in the ITR, a tax auditor’s services will be need to improve the quality of the
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