Fed up with the uncertainty over their own future tagged with the fate of Air India, airline employees are in the process to deciding to
Category: IBC-SEBI
India’s bad loans highest among emerging markets: RBI | Deccan Herald
Indian lenders have the highest percentage of bad loans compared with 10 emerging economies including Brazil, China, Indonesia, Philippines and Turkey, according to and RBI
NCLAT dismisses IT dept plea against Reliance Jio on demerger of tower–Deccan Chronicle
The NCLAT has dismissed petitions filed by the Income Tax Department, which raised objection over the approval granted to Reliance Jio Infocomm scheme to hive
Pay dues immediately, allow to quit without notice period: Air India pilots to Govt–Deccan Chronicle
Flagging concerns over unpaid dues, an Air India pilots’ union has urged the government to allow their members to quit the debt-laden carrier without serving
RBI warns banks over focus on retail loans – The Economic Times
The Reserve Bank of India (RBI) has red-flagged banks’ reliance of retail loans over slowing economic activity and negative consumer sentiment. The banking regulator called for a granular lending strategy
Does IBC work for financial firms? | Business Standard Column
Dewan Housing Finance Company Ltd. (DHFL) has become the first financial service provider (FSP) to undergo resolution under the new framework for FSPs. Regulated FSPs,
Insolvent individuals may face ban on holding, running for public office | Business News,The Indian Express
Though IBC provides for the initiation of insolvency proceedings against individuals, it has until now been silent on the process for the same. The Insolvency
Ex-Maruti MD booked for Rs 110 cr bank loan fraud: CBI | Deccan Herald
Former Maruti Udyog Ltd Managing Director Jagdish Khattar has been booked by the CBI for allegedly cheating Punjab National Bank (PNB) of Rs 110 crore
Gross NPA ratio improves to 9.1 as of Sept end: RBI | Deccan Herald
As the bad loan recognition process nears completion, the health of the banking system has improved with the gross non-performing loan ratio remaining stable at
Cabinet clears ordinance to further amend insolvency law–India Today
The Union Cabinet on Tuesday approved an ordinance to further amend the Insolvency and Bankruptcy Code (IBC), which will help remove certain ambiguities. With the
New IBC buyers won’t go to jail for previous misdeeds; govt nod to amend bankruptcy code – The Financial Express
This would encourage more bidders to bid for stressed assets – without fear of criminal prosecutions. Potential buyers of fraud-hit companies under IBC need not
Zilch: That’s what banks are likely to recover from 354 liquidation cases – The Economic Times
Banks are staring at nil to negligible recovery in ongoing 354 liquidation cases in 2020. Most stressed assets are sold at throw-away prices and are moving for liquidation
NBFCs: What Arvind Subramanian meant when he talked of India’s Four Balance Sheet challenge – The Economic Times
Arvind Subramanian discussed the twin balance sheet challenge in great detail in the Economic Survey of 2016-17. Arvind Subramanian, in his latest paper, argues that
Essar deal to expedite recoveries: Rajnish Kumar, SBI chairman – The Economic Times
State Bank of India is set to get about Rs 12,161 crore as the largest acquisition through the three-year-old Insolvency and Bankruptcy Code (IBC) is
Housing sector needs a home–Economic Times
By Shrikant Joshi The real estate sector is being propelled by advancements in three major constituents: government, judiciary and customers. Recently introduced reforms like the
Bhushan Power & Steel: Former Chairman of Bhushan Power & Steel deleted electronic data to conceal his wrongdoings: ED to Court – The Economic Times
An Assistant Engineer of Bhushan Power and Steel Limited (BPSL) has told the probe agencies that Sanjay Singal, former Chairman of BPSL deleted electronic data of his e-mail
IBC –Supreme Court Judgements–Source IBBI
Alchemist–Done Arcelormittal V SK Gupta–Done BK Educational V Paraj–Done Chitra Sharma–Done Innoventive Forech V Edelweiss–Done Jaipur Metal Employees V MD–DoneJK Mazdoor V JK Mill–Done JK
Tata verdict: Min seeks modification in NCLAT order | Deccan Herald
The Corporate Affairs Ministry on Monday moved the National Company Law Appellate Tribunal seeking certain modification in its order in the Tata Sons matter. The
Companies under IBC process may get GST relief – The Economic Times
The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) to pay current levies of goods and services tax (GST) without
Registering a company? Starting a business gets just a little bit easier | Business Standard News
Registering a company? Soon there will be one fewer thing to worry about, with the Ministry of Corporate Affairs (MCA) planning to give a bank account number
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