The deposit insurance coverage limit is applied separately to deposits in different banks. Although the government has limited withdrawals from Yes bank accounts to a
Category: IBC-SEBI
Too much and also too little–Economic Times
Too much and also too little The government has introduced a Competition (Amendment) Bill. This is the right time to introduce some changes to the
Won’t allow YES to fall off a cliff: Sitharaman to investors – The Economic Times
KOLKATA: The collapse of YES BankNSE -56.11 % has left investors worrying on whether they would recover their investments in other small banks and some
Yes Bank reconstruction: Additional tier-I bond holders to be hit by Rs 10,800 cr if RBI’s plan goes through – The Financial Express
One of the biggest losers in case the RBI’s restructuring scheme for Yes Bank goes through will be the additional tier-I bond holders who have
Yes Bank crisis may hit jute mill operations, worker wages ahead of Holi | Business Standard News
The moratorium on Yes Bank by Reserve Bank of India could have a rippling effect on the operating jute mills and wages of lakhs of
BPSL lenders tell SC they will return money if JSW Steel loses case – The Financial Express
A bench led by Chief Justice SA Bobde said that it will hear the appeals in detail on April 15. The Committee of Creditors (CoC)
Yes Bank resolution will be done swiftly, 30 days is outer limit: RBI Governor – business news – Hindustan Times
Reserve Bank of India governor Shaktikanta Das on Friday said that Yes Bank resolution will be done very swiftly and that 30 days is an
Creditors can choose to stop supplies to companies under IBC: House Panel – The Economic Times
New Delhi: A parliamentary panel said suppliers of a company cannot be burdened with “overly restrictive conditions” in the hope of a probable revival under
Auditors and fraud | Business Standard Column
On February 6, the Ministry of Company Affairs (MCA) came out with a consultation paper on what could possibly be far-reaching changes to the auditing
Why did Yes Bank collapse? Here are 6 main reasons–Business Today
Yes Bank news: The financial position of the bank has undergone a steady decline over the last few years In a rare case of Reserve
Government approves more amendments to companies law – The Economic Times
The government on Wednesday cleared more amendments to the companies law, including decriminalising various offences. As many as 72 changes to the Companies Act 2013
No more jail for bona fide business defaults: Cabinet OKs this amendment to Companies Act – The Financial Express
Prime Minister Narendra Modi-led Union Cabinet has approved the second amendment to the Companies Bill, 2019, giving a major relief to promoters against criminal penalties
NCLAT asks CCI to probe against Flipkart over allegations of unfair practices–Deccan Chronicle
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the fair trade regulator CCI to initiate again the probe against Flipkart for
Rs 6.5 lakh crore haircut, 1.1 million job losses; is IBC really a success?–Business Today
Rs 6.5 lakh crore haircut, 1.1 million job losses; is IBC really a success? Out of Rs 9,870 crore worth of claims, the creditors have
SBI board approves Rs 23,000-crore RCom insolvency resolution plan: Sources – The Economic Times
New Delhi: The board of State Bank of India is learnt to have approved resolution plan for Reliance CommunicationsNSE 0.00 %, through which lenders are
NCLT approves ArcelorMittal’s Rs 2,360 cr bid for Odisha Slurry Pipeline – The Economic Times
The National Company Law Tribunal (NCLT) has approved a Rs 2,359-crore bid of ArcelorMittal India for debt-ridden Odisha Slurry Pipeline Infrastructure Ltd (OSPIL). A two-member
NCLT approves NBCC bid for Jaypee Infratech – The Economic Times
The National Company Law Tribunal (NCLT) has approved the resolution plan of NBCC (India) to acquire the debt-hit realty developer Jaypee InfratechNSE 4.55 %, three
Government introduces bill to amend banking laws to strengthen cooperative banks | Business News,The Indian Express
Noting that the happenings at the PMC Bank had “unfortunately” put a lot of small depositors in difficulty, Finance Minister Nirmala Sitharaman said there were
ministry of corporate affairs: No unnecessary action against independent directors without strong evidence of wrong doing: MCA – The Economic Times
NEW DELHI: The Ministry of Corporate Affairs on Monday said prosecution proceedings will not be initiated against independent and non-executive directors unless there is strong
bank loans: ‘Companies may default on Rs 2.54-L cr bank loans in next 3 years’ – The Economic Times
KOLKATA: An additional 4% of outstanding corporate borrowings from banks, translating roughly into Rs 2.54 lakh crore could tip into default over the next three
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