Emphasising that the insolvency law provides a new lifeline to save a company from premature closure, IBBI Chairperson M S Sahoo has said the board
Category: IBC-SEBI
Govt moves NCLAT against NCLT order making MCA party in all IBC cases | Business Standard News
The government has moved the National Company Law Appellate Tribunal (NCLAT) against an order passed by NCLT to make the Ministry of Corporate Affairs a party in all applications
India makes a big leap in ‘Ease of doing Business’ index, ranks 77 – india news – Hindustan Times
India jumped to the 77th spot in the ranking of countries by ‘ease of doing business’ on Wednesday, improving by 23 places over its 2017
The Bankruptcy and Insolvency Code could set ‘naamdars’ straight – columns – Hindustan Times
The prime minister’s recent statement blaming the crisis in the banks on naamdars, or influential people, arranging loans for industrialists by phoning a bank reminds
Salary delays, business downturns top reasons for loan defaults, says Creditmate report – The Financial Express
Job loss accounts for 12 percent of total defaults, while 13 percent are due to medical emergencies and 10 percent are due to migration. Salary
From power tariff to restoring water bodies, here are the key court orders | Business Standard Column
Court not to interfere in power tariff Once an expert body has determined specific tariffs for power, it is not for the court to interfere
Debt quality of India Inc continues to deteriorate | Deccan Herald
The Reserve Bank of India (RBI) appears to have lost its way. From its original mandate of inflation targeting, which envisages calibrated tightening, it moved
नावात काय? : जीडीपी (सकल राष्ट्रीय उत्पादन) | लोकसत्ता
कौस्तुभ जोशी एखाद्या देशाच्या अर्थव्यवस्थेशी संबंधित सगळ्यात महत्त्वाची आकडेवारी म्हणून जिचा उल्लेख केला जातो ते म्हणजेच देशाने एका आर्थिक वर्षांत कमावलेले उत्पन्न (जीडीपी) होय. एका
IBC process: The multi-layered arbitration mess – The Financial Express
While the Supreme Court (SC) has just ruled in favour of HCC in a case that will have a bearing on the entire infrastructure sector,
Why real estate is key to economic revival – The Financial Express
With poor economic data coming in from all quarters, the government of India has been announcing various reforms and stimulus measures for the economic revival.
Govt plans additions to auditors’ rulebook; stricter norms on the cards | Business Standard News
Auditors might soon have to provide a detailed report on usage of borrowed funds, comment on critical financial ratios, and flag any factors that affect the
DHFL bankruptcy: Irdai rules out troubles for two insurance arms–Deccan Chronicle
The two insurance subsidiaries of the crippled mortgage lender Dewan Housing Finance (DHFL) are unlikely to be impacted by the ongoing bankruptcy proceedings of their
Tighter RBI norms for ARCs to buy assets – The Financial Express
Asset reconstruction companies (ARCs) will no longer be allowed to bilaterally buy assets from banks or financial institutions (FIs) that they count among their sponsors,
NCLT admits Bank of India’s insolvency process against RNA Corp – The Economic Times
The National Company Law Tribunal (NCLT) has admitted Bank of India’s insolvency plea against realty developer RNA Corp. The bank had filed the petition under Section 7
Raghuram Rajan urges scrutiny of NBFCs lending to stressed realty sector | Business Standard News
India’s real estate, construction and infrastructure industries are in “deep trouble,” and non-bank finance companies which lend to these sectors should have their asset quality
DHFL insolvency process starts, investors’ claims sought – The Economic Times
Mumbai: In a major development, the RBI-appointed Administrator for the beleaguered Dewan Housing Finance Ltd (DFHL) on Thursday asked all its fixed deposit and non-convertible debenture holders
Breather for BPOs: Government withdraws contentious GST Circular on back office support services – The Economic Times
This may provide respite to the industry, to the extent authorities were placing reliance on the erstwhile Circular to issue Show Cause Notices to back-office
RBI: RBI raises aggregate exposure limit to Rs 50 lakh on P2P lending platforms – The Economic Times
P2P platforms have for long been asking for a revision of the lending cap, calling it a hindrance to their growth since it kept HNI
Why personal guarantors will now face trouble if their companies can’t repay debt–The Print
New Delhi: Starting last Sunday, personal guarantors to companies facing insolvency proceedings have also been brought under the purview of the Insolvency and Bankruptcy Code (IBC). The new
How fugitive Sandesaras getting Sterling Biotech back at discount pokes holes in IBC process–The Print
New Delhi: Sterling Biotech of Nitin and Chetan Sandesara, brothers accused of bank fraud and money laundering, is set to come back to the family after bankruptcy proceedings
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