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
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
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
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
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
The Ministry of Corporate Affairs recently expanded the application of the Insolvency and Bankruptcy Code to include non-banking financial service providers. It will help inject new capital into the industry
Two- and-a-half years after the Indian central bank took the highly unusual step of directing banks to put 12 large corporate debtors into bankruptcy, the
New Delhi: The Narendra Modi government moved quickly this week to approve major changes to the Insolvency and Bankruptcy Code and give the signature reform measure
India’s Supreme Court upheld the ability of homebuyers to drag property developers into bankruptcy proceedings as several real estate firms are going bust in Asia’s third-largest economy.
The Securities Appellate Tribunal (SAT) on Wednesday denied any relief to private-sector lenders HDFC Bank, IndusInd Bank and ICICI Bank, which had moved it after
India has notified the amended IBC guidelines that enable creditors as well as personal guarantors to approach the tribunal seeking to initiate insolvency proceedings against
The Mumbai bench of the National Company Law Tribunal on Monday admitted an RBI petition seeking bankruptcy proceedings to resolve the mortgage player Dewan Housing Finance (DHFLNSE -4.81 %).
The insolvency regime has seen a majority applications as having been filed by operational creditors—such as vendors, suppliers and employees. In the challenging scenario that
The Ministry of Corporate Affairs (MCA) has decided to empower resolution professionals (RPs) to file routine compliances, said a senior government official, in what may bring relief
The Mumbai bench of the National Company Law Tribunal on Monday admitted an RBI petition seeking bankruptcy proceedings to resolve the mortgage player Dewan Housing Finance (DHFLNSE -4.82 %).
The Supreme Court on Monday directed thousands of Amrapali home buyers to pay outstanding amounts by January 31 either in installments or at one go for speedy completion of
India’s gross domestic product in the July-September quarter grew 4.5%, the slowest pace of quarterly growth since the beginning of 2013. This was the sixth
The ban, the committee feels, should be limited to only those auditors who are found to be guilty and the firms may ordinarily be let
Insolvency and Bankruptcy Board of India chairman M S Sahoo on Saturday said work is on to amend the Insolvency and Bankruptcy Code 2016 that
Baba Ramdev-led Patanjali Ayurved on Friday said it has already tied up loan worth Rs 3,200 crore from a consortium of lenders led by State