Unitech on Tuesday urged the Supreme Court to immediately stay the National Company Law Tribunal’s (NCLT) order directing the government to takeover the builder’s management.
Category: Legal
SC says NCLT order on Unitech ‘disturbing’, hearing to resume today | Business Standard News–13.12.2017
The Supreme Court has expressed its unhappiness over the National Company Law Tribunal (NCLT) passing an order against realty major Unitech, putting at risk the
Unwise move | Business Standard Editorials–13.12.2017
The affairs of real estate giant Unitech have taken a new and disturbing turn. The company is in trouble essentially because it has failed to
Insolvency guidelines: In collateral damage, a few good promoters will get hurt – The Financial Express–12.12.2017
This holds for cricket, where the commentator may have never held the bat or could have been a very unsatisfactory one-day batsman, but may still
All you need to know about India’s NPA crisis and the FRDI Bill – The Hindu–11.12.2017
Mutual funds are advertised with the rider that they are subject to market risks, but what about fixed deposits? While caution is thrown to the
Brief case: Small-scale unit that grows loses I-T benefit | Business Standard Column–11.12.2017
The Supreme Court last week ruled that a small-scale industry cannot claim income tax benefits given to it earlier if it ceases to be one.
रेरा कायदा –ग्राहकाला शक्ती कायद्याची! -महाराष्ट्र टाइम्स –०९.१२.२०१७
ग्राहकाला शक्ती कायद्याची! घरे व मालमत्ता खरेदी करणाऱ्या देशभरातील ग्राहकांचे हितरक्षण करण्यासाठी केंद्र सरकारने आणलेला रिअल इस्टेट (नियमन आणि विकास) कायदा, २०१६ (रेरा) हा कायद्याच्या
Govt moves to take control of Unitech; NCLT supersedes board | Business Standard News–09.12.2017
The corporate affairs ministry has moved the National Company Law Tribunal (NCLT) seeking management control of debt-ridden real estate company Unitech on the grounds of
What is FRDI Bill? Here is all you need to know in 10 points – The Financial Express–08.12.2017
The Union Cabinet chaired by Prime Minister Narendra had approved the proposal to introduce a Financial Resolution and Deposit Insurance (FRDI) Bill in June this
Comfort for depositors | Business Standard Editorials–08.12.2017
Finance Minister Arun Jaitley has sought to allay concerns of bank depositors about the safety of their savings by stating that the Financial Resolution and
Myopia on limited liability will kill risk-taking–04.12.2017
In India, limited liability has become endangered. The principle that an investor’s liability is limited to the capital he or she has put into a
insolvency: NCLT rejects Exim Bank’s claim of Rs 625 crore on JEKPL – The Economic Times–02.12.2017
Allahabad bench of the bankruptcy court has rejected a plea from Exim Bank to treat its claim of Rs 625 crore on JEKPL Private Limited
Insolvency and Bankruptcy Code paints all promoters with same brush – The Financial Express–02.12.2017
By Abir Roy The recently promulgated ordinance relating to the Insolvency and Bankruptcy Code (IBC) has generated a lot of buzz, and has evoked mixed responses
Bankruptcy Code: Different treatment likely for SMEs facing insolvency – The Economic Times–01.12.2017
Government may consider giving different treatment to small and medium enterprises (SMEs) under the Insolvency and Bankruptcy Code (IBC) since they usually have limited number
Modi: IBC Ordinance: Modi government just walked into a trap that it unwittingly laid for itself – The Economic Times–01.12.2017
‘Defaults’, ‘wilful defaults’, ‘big corporate’, ‘Vijay Mallya’, ‘NPAs’, ‘nexus with banks’, ‘60 years of bad loans’, ‘bailout’ — phrases liberally used to score political points,
‘Employees and even tea vendors can invoke IBC to find redress’ | Business Line–01.12.2017-R
It’s not banks, but operational creditors, that have initiated the most number of cases under the Insolvency and Bankruptcy Code (IBC), said MS Sahoo, Chairperson,
Bankruptcy Code: Screws tighten on defaulters, personal guarantors too may now face insolvency heat – The Economic Times–30.11.2017
The Insolvency and Bankruptcy Board of India (IBBI) is expected to step up its drive against defaulters by allowing lenders to act against high-profile individuals,
Insolvency and Bankruptcy Code: IBC Ordinance: End of the road for dishonest promoters, but has anyone thought of the collateral damage? – The Economic Times–30.11.2017
Section 29A of the Insolvency and Bankruptcy Code bars ousted promoters of an insolvent company from regaining control. It has not specifically disarmed any class
Go for serious debt rejig, not to NCLT–Economic Times–29.11.2017
Depend upon it, Sir, when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully. Many people know these
insolvency: Another twist in Insolvency as NCLT passes a new order – The Economic Times–28.11.2017
The National Company Law Tribunal has for the first time directed that a liquidator be appointed in place of an existing resolution professional in the
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