Clipped from: https://www.business-standard.com/article/finance/banks-in-india-report-loan-fraud-worth-rs-5-trn-sbi-s-amount-largest-121052400494_1.html Data showed 90 banks and financial institutions reported a total of 45,613 cases of loan fraud till March 31, 2021 The entity backed
Category: Legal
Bank can take away assets of guarantor if loan not repaid on time – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-bank-can-take-away-assets-of-guarantor-if-loan-not-repaid-on-time/2258181/ First, you should ask the two known parties to find another guarantor to their loan. When a person stands in as a guarantor,
What about limited liability, your honour? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/what-about-limited-liability-your-honour/articleshow/82917958.cmsSynopsis Limited liability played a vital role in advancing entrepreneurial risk-taking and capitalism’s creative destruction. If a person’s entire worth was at stake every
Individuals, companies drag taxman to court over faceless assessment lapses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/individuals-companies-drag-taxman-to-court-over-faceless-assessment-lapses/articleshow/82930318.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Faceless assessment is a tax evaluation process in which there is no in-person interaction with the tax officers and was started to counter
new social media guidelines: Aim to comply with India’s new social media guidelines: Facebook – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/aim-to-comply-with-indias-new-social-media-guidelines-facebook/articleshow/82933822.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Facebook, microblogging platform Twitter and internet giant Google are yet to finalise their internal work on India’s new social media intermediary guidelines, people
DHFL | Kapil Wadhawan: Appellate Tribunal stays Mumbai NCLT order to consider Kapil Wadhawan’s DHFL settlement offer
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/appellate-tribunal-stays-mumbai-nclt-order-to-consider-kapil-wadhawans-dhfl-settlement-offer/articleshow/82934350.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis But, this does not debar the insolvency court in Mumbai to pronounce its decision on the resolution plan submitted by the Piramal group,
NAREDCO writes to finance ministry for suspension of IBC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/naredco-writes-to-finance-ministry-for-suspension-of-ibc/articleshow/82935733.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis NAREDCO as a representative body of real estate developers had taken up the matter with the Finance Ministry, seeking adequate relief measures so
DHFL lenders appeal against NCLT order on Wadhawan offer – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34637954.ece Administrator questions timing of the order, Piramal to also file plea The Administrator and lenders to troubled Dewan Housing Finance Corporation Ltd have
Will continue with new privacy policy: WhatsApp – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34637945.ece ‘Will wait until Personal Data Protection law comes’ WhatsApp has told the Centre that it will continue with its new privacy rules until
Residents of World Crest Towers drag developer Lodhas to NCLT – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34637955.ece Residents of Mumbai’s World Crest World Towers, India’s tallest residential complex, have initiated bankruptcy proceedings against Macrotech Developers (erstwhile Lodha Group), among the
RBI’s disclosure dilemma | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-disclosure-dilemma-121052300852_1.html While the RBI must respect the spirit of freedom of expression, we need to draw a Laxman rekha, and the RTI Act should
New credit culture | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/new-credit-culture-121052300924_1.html A big step by SC in allowing banks to chase personal guarantors Last week, a two-judge Bench of the Supreme Court upheld a notification issued
CoC to review NBCC offer for Jaypee Infra on Monday before vote on Suraksha | Business Standard News
lipped from: https://www.business-standard.com/article/companies/coc-to-review-nbcc-offer-for-jaypee-infra-on-monday-before-vote-on-suraksha-121052300362_1.html Homeowners, Suraksha cry foul; say move illegal as per SC order Even as Suraksha group’s resolution plan for Jaypee Infratech is set to
Supreme Court’s order on defaulter tycoons plugs an important bankruptcy loophole – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/supreme-courts-order-on-defaulter-tycoons-plugs-an-important-bankruptcy-loophole/articleshow/82825203.cmsSynopsis Lawyers and bankers were said the order sets a precedence for future recoveries in bankrutpcy cases and more importantly act as a deterrent
DHFL ruling: NCLT ruling on DHFL: Creditors weighing options – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/nclt-ruling-on-dhfl-creditors-weighing-options/articleshow/82897352.cmsSynopsis Several lenders prefer challenging order at appellate tribunal to voting against Wadhawan’s offer Mumbai: Stunned by the National Company Law Tribunal ruling (NCLT) onDHFLNSE 4.83
Cheque-bounce cases need to be settled fast – OPINION – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34630430.ece Losing tractionCheque transactions Losing tractionCheque transactions× Allowing courts to make summary convictions and discouraging the use of cheques can help reduce the huge
WhatsApp row: Time for courts to step in – OPINION – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34630428.ece Terms of contract can be enforced only when they are fair. Courts are best positioned to intervene and protect user interests The WhatsApp
personal guarntors -Welcome clarification – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34630423.ece SC ruling on personal guarantees in corporate bankruptcies is welcome, but NCLT is not in sync There have been two important, and in
Jaypee case: NBCC questions IRP’s ‘jurisdiction’; demands voting on its offer – The Financial Express
Clipped from: https://www.financialexpress.com/industry/jaypee-case-nbcc-questions-irps-jurisdiction-demands-voting-on-its-offer/2257110/ In the first round of insolvency proceeding, the Rs 7,350-crore bid of Lakshadweep, part of Suraksha Group, was rejected by lenders. The CoC
How NRIs setting up private trusts in India for investment, estate planning can take care of FEMA issues – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/how-nris-setting-up-private-trusts-in-india-for-investment-estate-planning-can-take-care-of-fema-issues/articleshow/82851201.cms Synopsis–Setting up of a trust in India for NRIs is a mixed bag with a lot of challenges under Indian exchange control laws
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