Clipped from: https://www.business-standard.com In a Q&A, the chairman of the Insolvency and Bankruptcy Board of India says IBC should not be used to snuff out firms
Category: Legal
IBC suspension leaves door open for fraud: Experts – The Economic Times
Clipped from: https://economictimes.indiatimes.com As per the ordinance issued on Friday, proceedings under the Insolvency and Bankruptcy Code can never ‘ever’ be filed for defaults occurring during
Auditor may not have raised red flags at IL&FS behest: forensic report | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/companies/auditor-may-not-have-raised-red-flags-at-ilfs-behest-forensic-report-6447866/ According to the Grant Thornton forensic audit report, SRBC & Co LLC had earlier taken a decision to make such qualifications in its
NCLT needs clear set of protocols to flatten bankruptcy curve, say experts | Business Standard News
Clipped from: https://www.business-standard.com/ Debt restructuring schemes under company law, and introduction of Code-based pre-packs are worth exploring, say experts Experts say there is no outer date
From arbitration award to power arrears, here’re the key court orders | Business Standard News
Clipped from: https://www.business-standard.com An international arbitration wound its way through four courts in India, and two times in the Supreme Court, lasting two decades before ending
The biggest reform, or a farce in 3 Acts? | Business Standard Column
Clipped from: https://www.business-standard.com India has one of the world’s largest arable landmasses, focused sunshine, and water in 40% of land, and so, if the three laws
Ensure life through crop insurance–Economic Times
Clipped from: https://economictimes.indiatimes.com By Sonia Jabbar I was horrified and deeply saddened by the painful death on May 27 of a pregnant elephant in Kerala’s Palakkad
Risks of becoming a loan guarantor and what to do in case of loan repayment default – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ Loan defaults are bad news for people who have stood as guarantors to loans taken by friends and relatives. Most people know that
Complete IBC suspension for defaults may hurt creditors – The Economic Times
Clipped from: https://economictimes.indiatimes.com The ordinance passed by the government on Friday said that “no application shall ever be filed” for insolvency proceedings on default on or
Fear of flattening the business curve – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ To deal with Covid fallout, the Ordinance amended IBC, & suspended the law for six months, starting June 5. The Ordinance amending the Insolvency and Bankruptcy Code
Experts question provisions of Centre’s three agri market reform ordinances | Business Standard News
Clipped from: https://www.business-standard.com Lack of mandatory written contracts, provision to invoke controlling powers among many bones of contention A woman reaps wheat crops during the harvest
Suspension of IBC: Spotlight now on schemes under the Companies Act | Business Standard News
Clipped from: https://www.business-standard.com/ In view of the suspension of the IBC, the government must create an alternative framework. It is the need of the hour A
Supreme Court questions RBI on order of levying interest on loans during moratorium | Deccan Herald
Clipped from: https://www.deccanherald.com/ SC seeks joint response from Finance Ministry and RBI Supreme Court. Picture Credit: PTI File Photo The Supreme Court on Thursday(June 4) questioned the
IBC: Government’s Covid-19 insolvency relief may be a double-edged sword – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ The directives of the Central Government to tide over these trying times are laudable. However, many of these changes are myopic and will
SC extends order of no coercive action against employers for non-payment of full wages – The Economic Times
Clipped from: https://economictimes.indiatimes.com In the proceedings conducted through video conferencing, the top court said there was a concern that workmen should not be left without pay,
Going back to basics: Make labour laws simple, protect workers’ rights | Business Standard News
Clipped from: https://www.business-standard.com/ It’s not just the inability to downsize that constrains it but opaque hiring practices and the illogic of size-based legal thresholds that encourage
Dismantling of labour laws will take away workers’ protection, says Ex-CEA | Business Standard News
Clipped from: https://www.business-standard.com India’s January-March GDP growth sank to 3.1 per cent, a low not seen in at least 17 years Subramanian agreed with most
‘Not maintainable’: SC rejects plea to exclude lockdown period for calculating limitation for cheque – The Financial Express
Clipped from: https://www.financialexpress.com A bench headed by Justice R Banumathi, which heard the matter through video-conferencing, said that the issue raised in the plea relates to
IBC: Government’s Covid-19 insolvency relief may be a double-edged sword – The Economic Times
Clipped from: https://economictimes.indiatimes.com The directives of the Central Government to tide over these trying times are laudable. However, many of these changes are myopic and will
Large companies fear losing out on GST credit if vendors, suppliers go bankrupt due to Covid crisis – The Economic Times
Clipped from: https://economictimes.indiatimes.com Vendors face indemnity papers, blocked payments as firms try to ringfence them from defaults. With many small and medium enterprises staring at bankruptcy or severe
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