Lenders need to look beyond credit bureau in assessing risks of MSME lending and detecting early warning signal, as borrowing from multiple borrowers is getting increasingly risky,
Category: IBC-SEBI
MSME: Stacked loans and those sanctioned by multiple lenders prone to higher NPA risks: Report – The Economic Times
Stacked loans by borrowers have a higher potential of turning into Non-Performing Asset (NPAs), reveals the recently released TransUnion CIBIL- SIDBI MSME Pulse Report. The latest report
HDFC approaches NCLAT to recover dues from RHC Holding; challenges NCLT order – The Economic Times
To recover the remaining amount, HDFC filed an insolvency plea against RHC Holding before NCLT. HDFCNSE -0.71 % has challenged an NCLT ruling that dismissed the
Bank of India sells exposures to three large accounts – The Financial Express
Bank of India (BoI) sold its exposures to three large accounts — Alok Industries, Asian Colour Coated Ispat and ISMT — during the quarter ended
A Leg-up for MSMEs: Interests of operational creditors to be secured under insolvency code – The Financial Express
Currently, only financial creditors are part of the CoC that decides on a resolution plan and selects the winning bidder. Operational creditors (OCs), mostly MSMEs,
RBI asks IL&FS lenders to classify loans to firm as non-performing: Report | Business Standard News
India’s central bank has asked lenders of Infrastructure Leasing and Financial Services Ltd (IL&FS) to classify loans extended to the bankrupt shadow banking firm as
Give details of insolvency law committee, Supreme Court tells Centre | Business Standard News
The Supreme Court on Tuesday asked the Centre to detail the composition of the Insolvency Law Committee set up to identify and suggest ways to address issues
NCLAT asks Liberty House if it will go ahead with Amtek Auto resolution | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) has asked if UK-based Liberty House is willing to go ahead with its resolution plan for the debt-ridden Amtek Auto in which
Section 74 of insolvency code needed, but can deter bidders: Experts | Business Standard News
The jury is still out on Section 74 of the Insolvency and Bankruptcy Code (IBC), which details provisions for punishment of company officials who breach
Object of IBC paramount, says NCLT – BUSINESS – The Hindu
The Mumbai Bench of the National Company Law Tribunal (NCLT) has observed that rejection of a resolution plan on technicalities, without going into its merits,
Jet Airways is said to seek to rework vendor contracts to cut costs | business news | Hindustan Times
Debt-laden Jet Airways India Ltd. is trying to renegotiate contracts with its vendors as lenders demand a revival plan by month-end from India’s second-largest airline
SC asks RCom, RJio to resolve issues over past dues by Jan 11 – The Economic Times
The Supreme Court Monday asked Reliance CommunicationsNSE -0.71 % Ltd (RCom) and Reliance Jio to take a decision by January 11 over the settlement of past dues to DoT, which is yet
10 years after Satyam, independent directors more than just a ticking box | Business Standard Column
The 2009-financial fraud at Satyam had put the spotlight on the role of independent directors in the company’s board like never before. The Satyam board
10 years after Satyam: Who’s who in the business scandal that shocked India | Business Standard Column
B Ramalinga Raju: Former chairman and founder, Satyam Computer Services The eldest of four siblings in a farming family, B Ramalinga Raju’s tryst with business
10 years after Satyam, auditors still can’t flag a management fraud | Business Standard Column
Ten years after the financial scam at Satyam Computer Services, audit fraternity says it is still tough to detect fraud perpetrated by the management in
Satyam scam: Regulation is better, but implementation has a long way to go | Business Standard Column
A string of regulatory changes since the Satyam scandal a decade ago has made the framework for handling such issues far stronger. But, structural issues
Time to sort out IBC’s teething troubles – The Hindu BusinessLine
Unlike earlier, IBC does not allow promoters to run the show without paying their debts — provided the loopholes are plugged One of my friends,
A wobbly Jet – The Hindu BusinessLine
Even if the airline goes into bankruptcy, the Centre should allow due process to unfold The beleaguered Jet Airways’ woes got much worse last week,
Boost for banks with big loans against property – The Economic Times
Banks with a larger share of loans against property are likely to benefit from the RBI’s latest relief on small value loans to micro and
Corporate affairs ministry to collect KYC details of companies, CAs – The Economic Times
Corporate affairs secretary Injeti Srinivas said the ministry would be doing the KYC process for companies, which would be a major step wherein the MCA21
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