The National Company Law Tribunal (NCLT) has allowed the former directors of the crippled IL&FS Group to withdraw Rs 2 lakh each per month from one of
Category: News of interest
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Only 5% MSMEs have fully embraced digital technology, says Yes Bank survey – The Financial Express
Digital adoption among micro, small and medium enterprises (MSME) is still a long way to go as only 5% out of the 2,700 MSMEs, surveyed by
Steps to bolster IBC process soon: SBI’s Kumar pitches for easing related-party rule – The Financial Express
Kumar made a case for other tweaks to enhance the efficiency of IBC, including penalties against non-serious bidders and overseers for the liquidation process. The
China slowdown, trade disputes with US weigh heavily on Asian economies | Business Standard News
The latest run of weaker Chinese economic data means “things have to get worse before they get better,” according to economists at Bank of America Merrill Lynch.
Brexit–Another referendum, now | Business Standard Editorials
Barely a day after suffering the greatest parliamentary loss in almost 100 years, the United Kingdom’s Conservative government, led by Prime Minister Theresa May, survived
Modi Sarkar’s final frontier | Business Standard Column
It is a terrible thing to do but one must start by stating what is painfully obvious: Narendra Modi seems to be finding out that five years
E Aadhaar card reprint- How to print your Aadhaar card officially by Unique Identification Authority of India – UIDAI? – The Hindu BusinessLine
You can now get the Aadhaar card reprinted directly from UIDIAI. It is now possible to get our Aadhaar card printed officially by the Unique
Confused and splintered over Brexit – The Hindu BusinessLine
There’s growing irritation with UK’s inability to agree about what it wants. Complacency that things will inevitably work out is risky Within minutes of the
Developments around Brexit have repercussions on India’s external sector, says RBI Governor – The Hindu BusinessLine
The recent developments around Brexit have repercussions on India’s external sector and the Reserve Bank of India will carefully weigh the challenges and opportunities that
‘Uptick in credit demand from SMEs after note ban, GST’ – The Hindu BusinessLine
There has been a steady uptick in demand for credit from small and medium enterprises (SMEs) over the last 18 months following demonetisation and GST.
NCLT slaps penalty on Tata Chemicals for fraudulent case against vendor – The Hindu BusinessLine
The National Company Law Tribunal, Mumbai, has slapped a cost of ₹10 lakh on Tata Chemicals for filing a petition fraudulently and with malicious intent
Bharati Defence insolvency: NCLT finds ‘conflict of interest’ between Edelweiss ARC and E&Y – The Hindu BusinessLine
The Mumbai bench of the National Company Law Tribunal (NCLT) has made damning observations on Edelweiss ARC and Ernst & Young while ordering the liquidation
Syndicate Bank’s new platform to approve loans within 15 minutes – MONEY & BANKING – The Hindu BusinessLine
In a first for a public sector lender, Syndicate Bank plans to set up a platform for loan approval within 15 minutes. Top officials of
BHEL moves NCLAT against Monnet Ispat’s CoC, bats for operational creditors | Business Standard News
Government-owned Bharat Heavy Enterprises Limited (BHEL) has moved the National Company Law Appellate Tribunal (NCLAT) challenging the decision of the Committee of Creditors (CoC) of Monnet
The adverse impact of quota expansionism begins to show up–Times of India
A consequence of the recent constitutional amendment extending reservations and bringing all institutes of higher education, public and private, within its purview is going to
Collegium controversy – The Hindu
The controversial collegium system of judicial appointments is under public scrutiny once again. This time, the potential for embarrassment to the superior judiciary is much
Nervous Europe ramps up Brexit preparations – The Economic Times
Europe is ramping up preparations for the economic blow of a possible “no deal” Brexit, fearing the political crisis in London has killed off hopes of
Government mulling ‘deemed admission’ of corporate default cases to NCLT – The Financial Express
Section 29 (A) of the IBC, deals with related-party provisioning and aims to prevent defaulting promoters from taking back their companies. Corporate affairs secretary Injeti
Flats booked by Amrapali for just Re 1 per sq ft in the name of office boys, peons and drivers: Auditors to Supreme Court – The Financial Express
The two forensic auditors told the apex court that they have issued notices to 655 people on whose names ‘benami’ flats were booked but no
Sec 29 (A) of IBC ‘stretched too far’, needs clarity: SBI chief – The Financial Express
Section 29 (A) of the IBC deals with related-party provisioning and aims to prevent defaulting promoters from taking back their companies. State Bank of India’s
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