Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bankruptcy-indias-struggling-lenders-need-to-brace-for-more-pain-ahead/articleshow/82605785.cms Synopsis–The government’s prepackaged resolutions for MSMEs is also likely to put further strain on the system. Bankers, lawyers, Insolvency and Bankruptcy Board of
Category: Legal
Hiring for Debt Recovery Tribunals put on fast track – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/hiring-for-drts-put-on-fast-track/articleshow/82612485.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A government official confirmed this and said it was looking to appoint around 27 administrators, both as registrars and deputy registrars, in Delhi,
Siva Industries: Creditors to scrap bankruptcy process of Siva Industries – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/creditors-to-scrap-bankruptcy-process-of-siva-industries/articleshow/82563723.cms Synopsis–The creditors, which include State Bank of India and Malaysia’s Maxis Communications Bhd, the former owner of telecom operator Aircel, have accepted Sivasankaran’s
RBI set to put onus on lenders to monitor loan apps – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/rbi-set-to-put-onus-on-lenders-to-monitor-loan-apps/articleshow/82555506.cms Synopsis–The Reserve Bank of India’s working group on digital lending is all set to lay down strict governance and regulatory rules for loan
Cybersecurity will be the pressing ‘issue of this decade’, IBM’s Arvind Krishna says – The Economic Times
lipped from: https://economictimes.indiatimes.com/tech/information-tech/cybersecurity-will-be-the-pressing-issue-of-this-decade-ibms-arvind-krishna-says/articleshow/82552952.cms Synopsis–Value lies in the data and people are going to come after that data, IBM Chairman Arvind Krishna says ahead of the IBM
Govt likely to drop plan to decriminalise cheque bounce offences | Business Standard News
lipped from: https://www.business-standard.com/article/finance/govt-likely-to-drop-plan-to-decriminalise-cheque-bounce-offences-121051200037_1.html It would seek directions from a Supreme Court panel formed to expedite the pendency of cheque bounce cases before taking a final call
NCLT admits insolvency petition against textile company Sintex Industries – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/nclt-admits-insolvency-petition-against-textile-company-sintex-industries/articleshow/82549700.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Sintex is the largest debtor taken to the NCLT since the one year moratorium on filing fresh cases ended in March. Lenders tried
Jaypee Infra insolvency: NBCC, Suraksha submit revised bids – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/jaypee-infra-insolvency-nbcc-suraksha-submit-revised-bids/articleshow/82551233.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis New Delhi, May 11 () State-owned NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution
Time to slash stamp duty – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/time-to-slash-stamp-duty/article34528970.ece The Damani property deal must lead to a rethink In one of the biggest property deals, DMart founder Radhakishan Damani and his brother,
Implementation of Labour Codes may be pushed to next year – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/implementation-of-labour-codes-may-be-pushed-to-next-year/articleshow/82532157.cmsSynopsis The Centre is no longer pursuing states to hasten the process of framing rules for the four codes, as the focus has shifted
All you wanted to know about fractional ownership – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article34528997.ece?homepage=true The term ownership usually signifies exclusive right over an asset. But what if the starting price of such an asset is out of
What happens to investments when the holder dies without nominating anyone? | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/what-happens-to-investments-when-the-holder-dies-without-nominating-anyone-121050701160_1.html Your family could face difficulties as getting a succession certificate from the court is easier said than done The second wave of Covid-19
Claim can’t be denied on frivolous grounds | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/claim-can-t-be-denied-on-frivolous-grounds-121050900702_1.html As for the purchase of raw materials from its sister concern, the National Commission observed this was properly recorded and there were corresponding
Court directs BIS not to take action against jewellers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/court-directs-bis-not-to-take-action-against-jewellers/article34521308.ece The Nagpur Bench of Bombay High Court has restrained the Consumer Affairs Ministry from taking any coercive action against jewellers for holding non-hallmarked
Medical disasters and the role of law – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/medical-disasters-and-the-role-of-law/article34521886.ece When powers are conferred to a matrix of authorities, courts cannot displace, much less brush, them aside and assume their role In the
Now, another tool for SBI to resolve stress – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/now-another-tool-for-sbi-to-resolve-stress/article34521272.ece Bank pursuing board approval for policy framework on pre-packs, says MD State Bank of India sees the recently-introduced pre-packaged insolvency resolution process (PPIRP)
With banks blindsided by Covid-19, incidence of fraud may well have gone up | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/with-banks-blindsided-by-covid-19-incidence-of-fraud-may-well-have-gone-up-121050900804_1.html RBI’s supervisory load has also gone up, with both non-banking financial companies and urban co-operative banks coming under closer scrutiny The shadow of
What happens to investments when the holder dies without nominating anyone? | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/what-happens-to-investments-when-the-holder-dies-without-nominating-anyone-121050701160_1.html Your family could face difficulties as getting a succession certificate from the court is easier said than done Image: iStock The second wave
rt pcr report: Some Indians, including well-off ones, forging negative RT-PCR reports – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/some-indians-including-well-off-ones-forging-negative-rt-pcr-reports/articleshow/82490609.cmsSynopsis Forgery of an RT-PCR test is punishable under IPC and under disaster management acts. Lawyers say IPC sections can include 419 (punishment for
Arbitration in India not only needs to be institutionalised, but also should be assuring and affordable – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-arbitration-in-india-not-only-needs-to-be-institutionalised-but-also-should-be-assuring-and-affordable/articleshow/82505262.cmsSynopsis The Supreme Court took note of this malaise in the 2009 ‘Union of India vs Singh Builders Syndicate’ case by observing that ‘…the
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