IBC not meant to recover dues The Insolvency and Bankruptcy Code cannot be invoked when there is a dispute over dues and the IBC machinery cannot be
Category: Legal
Lottery under GST to counterfeit note case, here are key court orders | Business Standard News
via Lottery under GST to counterfeit note case, here are key court orders | Business Standard News
Government authorises PSU bank chiefs to block wilful defaulters’ exit from India – The Economic Times
PSU bank heads can block wilful defaulters’ exit from India now The government has empowered heads of public sector banks to directly request the authorities for issuance
credit cards: How to ensure financial safety while using credit card – The Economic Times
One must get into the habit of verifying the monthly statement to make sure there are no unauthorised transactions. Sugandh is worried about credit card frauds and
A change in law means MSMEs have greater power in cheque bounce cases – The Economic Times
By Jivesh Chandrayan Indian courts are riddled with the humongous problem of pending cases. As per the 213th Report of the Law Commission almost 20 per cent
How to disable international transactions on your credit card – The Economic Times
To be on the safer side, one can disable the international transactions entirely, especially if one does not have plans to travel abroad soon. In
No time limit prescribed in law for amendment of shipping bill: Expert | Business Standard News
We made shipments in January 2018 to June 2018 under advance authorization and now came to know that inputs mentioned in the advance authorization can
Operational creditors get their due, but IBC slows – The Financial Express-R
Operational creditors get their due, but IBC slows Given their vastly larger loans, or skin in the game, it is not surprising that the Insolvency
NCLT approves 45 resolution plans, orders 19 liquidations in 2 years of IBC | Business Standard News–R
The National Company Law Tribunal (NCLT) has sanctioned 45 resolution plans almost two years after the first set of insolvent corporates were taken for proceedings under the Insolvency and Bankruptcy Code
Lottery under GST to counterfeit note case, here are key court orders | Business Standard News
SC frowns on interim orders in NPAs The Supreme Court has disapproved of some high courts continuing to entertain matters arising from the Securitisation (Sarfaesi) Act and
Display of sanction plan mandatory at housing project site – The Hindu BusinessLine
In yet another good news for home-buyers, the Supreme Court ruled last week that all housing projects, including those which are not registered under the
Motor insurance claim: Important watchouts while filling motor insurance claim form – The Economic Times
A quick and inexpensive settlement is ideal for the insurance company, so be wary of accepting the initial offer. Meeting with an accident involves a
NCLT dismisses insolvency petition against Duncans Industries – The Financial Express
Vide the notification dated January 28, 2016 under Section 16E of the Tea Act, the central government had authorised the Tea Board to take over
Plan disclosure under RERA to cheque bounce case, here are key court orders | Business Standard Column
Plan disclosure must under RERA, RTI The details of a development plan must be disclosed if a person demands it from an information officer of
High Court stays action against some exporters for wrongly availing GST benefits – The Economic Times
GST law amendment had brought in pre-import condition that denies IGST benefits to imports which had happened after exports. In what may provide a respite
Essar Steel auction: SC gives ArcelorMittal, NuMetal 2 weeks to clear dues | Business Standard News
The Supreme Court on Thursday decided to give one more opportunity to ArcelorMittal and NuMetal to bid for Essar Steel, but only if they both paid off their non-performing
War on loan defaulters: Government to double NCLT members to speed up case disposal – The Financial Express
The government also recently set up three more NCLT benches (one each in Cuttack, Kochi and Jaipur), taking the total number of benches to 14.
What about operational creditors & workmen? Why IBC’s Committee of Creditors needs expansion – The Financial Express
Operational creditors can participate in the meeting but have no voting powers. Operational creditors are the neglected area. The Insolvency and Bankruptcy Board of India
Patients don’t have a voice – The Hindu BusinessLine
In mishaps such as J&J, it is important to hear the sufferer’s view It is politically correct for both the government and the industry to
Refinance and list, not wind up, IL&FS–Economic Times
The government is right to supersede the board of Infrastructure Leasing & Financial Services (IL&FS), given the large size and exposure of insurance, mutual funds
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