A lot has been said and written on the Indian insolvency law—the Insolvency and Bankruptcy Code, 2016 (IBC). It is one of the big-bang reforms
Category: Merits back reference
Norms for FPIs to invest in debt eased, may boost rupee, corporate bonds | Business Standard News–17.06.2018
The Reserve Bank has eased investment norms for foreign portfolio investors (FPIs) in debt, especially into individual large corporates, a move that can help attract more overseas
GST Amendments: Changes to include RCM, return filing, refund on exports | The Indian Express–17.06.2018
Clarification for refunds of cess on goods to be exported, changes in the enabling provisions for reverse charge mechanism (RCM) and composition scheme and returns
One year of GST: What has been really achieved vs what Modi government claimed – The Financial Express–15.06.2018
The GST was not just a grand mid-night event in India, it was a transformation which was felt. From initial confusion, chaos, protests and teething
It’s not just the CAD, even the BoP looks shaky – The Financial Express–15.06.2018
The oil bill, this year, will certainly be bigger than last year’s 9 billion. Weak exports, combined with a bigger oil bill, pushed India’s current
Insolvency: UltraTech Cement to bear cost of Binani’s legal proceedings | Business Standard News–14.06.2018
UltraTech Cement, which is in a legal battle to acquire bankruptcy-hit Binani Cement, has agreed to bear the costs arising out of the unending series
IBC 2016–Tangled web – Business Line–14.06.2018
The recent changes to bankruptcy laws have mixed implications for speedy resolution The journey for the large corporate insolvency cases queued up before the National
IBC’s Section 29A: Experts say Mumbai, NCLT’s order threatens code’s intent – The Financial Express–13.06.2018
A ruling by the Mumbai bench of the National Company Law Tribunal (NCLT) — that provisions of a November 2017 ordinance on the ineligibility of
India’s NPAs and the global scenario – Business Line–13.06.2018
Though globally India’s position is unsatisfactory, time-bound resolution of NPAs under IBC should ease banks’ burden The non-performing asset (NPA) issue facing banks has dominated
NCLT to resolution professional: Relook new bids for Alok Ind – Business Line–13.06.2018
The National Company Law Tribunal has directed the resolution professional of Alok Industries to resubmit the plan submitted by JM Financial Asset Reconstruction and Reliance
Going on a hike | The Indian Express–13.06.2018
In its most recent meeting, the Monetary Policy Committee (MPC) of the RBI raised the policy interest rate for the first time since it was
Status Report: A year after, NCLT resolves only 2 cases out of 12 referred – The Financial Express–13.06.2018
A year after Reserve Bank of India’s (RBI) decision to nudge banks in referring 12 large defaulters to the National Company Law Tribunal (NCLT), only
Homebuyers | Bankruptcy code: The problem with treating homebuyers as financial creditors–Economic Times–12.06.2018
By Andy Mukherjee From overburdened tribunals to some bizarre judgments and costly delays, India’s new bankruptcy code has had its share of teething troubles. But the law,
Taming India’s core inflation: Rate hike was inevitable, but sticking to neutral stance risks MPC’s credibility – The Financial Express–12.06.2018
It is difficult to comprehend a situation in which we confront inflation outside food—the so-called “core inflation”. The narrative about food inflation being the key
Insolvency and Bankruptcy Code: Bankruptcy court admits lenders insolvency plea against Sterling Biotech – The Economic Times–12.06.2018
The bankruptcy court has admitted the insolvency plea against Sterling Biotech filed by Andhra Bank – a move by banks to recover their dues amidst probe by
Insolvency Code: what’s new – The Hindu–12.06.2018
Last week, President Ram Nath Kovind gave his nod to promulgate the Insolvency and Bankruptcy code (Amendment) Ordinance 2018. S. Dhanapal, senior partner,S. Dhanapaland Associates, decodes
Welcome reform of the bond market: RBI’s latest steps will improve capital allocation–Economic Times–10.06.2018
The Reserve Bank of India has announced welcome steps to shore up the government securities (G-Sec) market. It would boost financial sector development, better determine
PSBs recapitalisation plan insufficient to support credit growth, says global ratings agency Moody’s – The Financial Express–08.06.2018
Global ratings agency Moody’s today said the government’s recapitalisation plan for 21 state-run banks will help them in meeting regulatory capital needs, but will be
RBI relaxes NPA classification norms for MSMEs under GST | Business Standard News–08.06.2018
In a major relief to MSMEs, the Reserve Bank on Wednesday eased NPA classification norms for such units facing input credit linkages and associated issues
IBC delisting norms: Small shareholders ask Sebi for review | Business Standard News–08.06.2018
Minority shareholders are miffed at the lenient delisting process for companies facing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). According to sources, several investor protection
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