Clipped from: https://www.financialexpress.com/opinion/protecting-ibcs-spirit-nclt-focus-on-confidentiality-clause-in-videocon-industries-resolution-welcome/2273504/ The VIL-Twin Star case draws attention to the fact that creditors, at times, are realising pitifully small amounts—in the Alok Industries case, where
Category: Legal
After losing parents, will orphans lose medical cover as well? – The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/health-insurance-after-losing-parents-will-orphans-lose-medical-cover-as-well/2273787/ Despite the fact that Covid-19 fatalities among children are low, the pandemic has played havoc in the lives of many little ones, with
Yes Bank news: YES Bank removes fraud tag on Avantha Holdings after forensic audit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-removes-fraud-tag-on-avantha-holdings-after-forensic-audit/articleshow/83625913.cmsSynopsis The bank had red-flagged the account to the Reserve Bank of India (RBI) after the Thapar group company defaulted on a loan that
GST rate reductions too little, too late | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/second-edit/gst-rate-reductions-too-little-too-late-998650.html The demand for tax exemptions and reductions had been made from the beginning of the Covid pandemic over a year ago The demand
RBI allows Centrum to set up small finance bank; paves way for PMC Bank takeover–business today
Clipped from: https://www.businesstoday.in/sectors/banks/rbi-allows-centrum-to-set-up-small-finance-bank-paves-way-for-pmc-bank-takeover/story/441968.html RBI approval came after Centrum Financial Services, along with Bharat Pe, submitted an expression of interest to take over PMC Bank. PMC Bank
Regulate state action on social media – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/regulate-state-action-on-social-media/articleshow/83613869.cmsSynopsis These social media platforms are fit to bear the responsibility of a publisher, and be held accountable for what they carry after being
Patience, competence must in resolution – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/patience-competence-must-in-resolution/articleshow/83613845.cmsSynopsis To achieve the public policy goal of maximising the value realised from resolution, patience and hard work are called for. The present system
Protecting IBC’s spirit: NCLT focus on confidentiality clause in Videocon Industries resolution welcome – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/protecting-ibcs-spirit-nclt-focus-on-confidentiality-clause-in-videocon-industries-resolution-welcome/2273504/ The VIL-Twin Star case draws attention to the fact that creditors, at times, are realising pitifully small amounts—in the Alok Industries case, where
Key obstacle removed with Yes Bank, Axis green signal to RCap’s asset sale | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/key-obstacle-removed-with-yes-bank-axis-green-signal-to-rcap-s-asset-sale-121061700858_1.html The two banks are jointly owed Rs 1,575 cr and had objected to the sale unless their dues are paid. Yes Bank recently
Jet Airways shareholders reject FY19 and FY20 accounts ahead of NCLT ruling | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/jet-airways-shareholders-reject-fy19-and-fy20-accounts-ahead-of-nclt-ruling-121061701203_1.html Institutional investors lead rejection brigade as Naresh Goyal abstains; proposal to appoint Sharp and Tannan as statutory auditors approved Shareholders of Jet Airways have rejected the
Flipkart, Amazon challenge Karnataka HC order allowing CCI probe | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/flipkart-amazon-challenge-karnataka-hc-s-order-to-restart-antitrust-probe-121061700542_1.htmlOn June 12, the High Court had dismissed Amazon and Flipkart’s writ petition, allowing antitrust watchdog CCI to continue with its probe. E-commerce firms Flipkart and Amazon have
A sterling order by Delhi high court – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-sterling-order-by-delhi-high-court/articleshow/83582669.cmsSynopsis Welcome judicial action to check executive excess In passing the order they did, granting bail to three students charged with terrorist conspiracy under
Death without a will: Legal heirs of a woman if she dies without will – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/legal-heirs-of-a-woman-if-she-dies-without-will/articleshow/83456987.cmsSynopsis In most cases, a will ensures that the assets are transferred to the desired beneficiaries, which may not happen if a person dies
NCLT raises doubt over confidentiality of liquidation valuation of Videocon – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/companies/nclt-raises-doubt-over-confidentiality-of-liquidation-valuation-of-videocon/articleshow/83574971.cmsSynopsis The liquidation value of Videocon Industries and its 12 group companies was Rs 2,568.13 crore and fair value of the assets was Rs
MCA amends board meeting rules to permanently allow virtual resolutions on financial statements, restructuring – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mca-amends-board-meeting-rules-to-permanently-allow-virtual-resolutions-on-financial-statements-restructuring/articleshow/83576768.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis ET had first reported in January on the government’s intention to make certain pandemic-induced relaxations permanent such as allowing virtual annual general meetings
PNB scam: Fearing investigation by Indian agencies, Mehul Choksi got dummy directors shifted to Bangkok, says CBI – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/india/pnb-scam-fearing-investigation-by-indian-agencies-mehul-choksi-got-dummy-directors-shifted-to-bangkok-says-cbi/articleshow/83573981.cmsSynopsis The probe has revealed that Choksi appointed employees of his Gitanjali Group of Companies as Directors/ Partners/ Authorized Signatories to his Hong Kong
Voting on bids for Reliance Home Finance extended, Authum Investment and Infrastructure may be frontrunner – The Financial Express
Clipped from: https://www.financialexpress.com/industry/voting-on-bids-for-reliance-home-finance-extended-authum-investment-and-infrastructure-may-be-frontrunner/2271995/ The voting was earlier scheduled to be completed by 5 PM on Tuesday. The other bidders for the company include Capri Global Capital,
Govt strikes: Twitter loses intermediary status – The Financial Express
Clipped from: https://www.financialexpress.com/industry/govt-strikes-twitter-loses-intermediary-status/2271947/ Criminal action can be initiated against the company for unlawful content The government sent Twitter a communication on June 5 wherein as a
Right to protest fundamental, can’t call it terrorist act: Delhi HC | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/right-to-protest-fundamental-can-t-call-it-terrorist-act-delhi-hc-121061501594_1.html Grants bail to JNU student in anti-CAA protests case The right to protest peacefully without arms is a fundamental right under Article 19(1)(b)
Time to end personal guarantees for loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/time-to-end-personal-guarantees-for-loans/articleshow/83551524.cmsSynopsis The reason why personal guarantees seem so normal in India is the way businessmen have, in the past, padded project costs, got overly
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