Clipped from: https://www.thehindubusinessline.com/companies/jet-airways-bid-winners-seek-nod-to-discuss-restoration-of-airport-slots/article34153690.ece NCLT Bench seeks Ministry’s response Jet Airways’ winning bidder, a consortium consisting of Murari Lal Jalan and Kalrock Capital, on Wednesday sought the
IBC will be back in full force from March 25 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/ibc-will-be-back-in-full-force-from-today/article34153863.ece?homepage=true Bankruptcy filings can resume; govt working on ‘pre-pack’ resolutions to clear backlog, new cases With the economy returning to normalcy, the Centre has,
gst: CAG for setting up of time-frame for roll out of simplified GST return forms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/cag-for-setting-up-of-time-frame-for-roll-out-of-simplified-gst-return-forms/articleshow/81675662.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The GST return system is still a work in progress despite more than three years of GST rollout, CAG audit report presented in
India likely to resume new bankruptcy filings after halt expires – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/india-likely-to-resume-new-bankruptcy-filings-after-halt-expires/articleshow/81666857.cmsSynopsis PM Modi’s government last year halted the process of initiating most fresh insolvency proceedings to insulate cash-strapped borrowers hit by the pandemic for
ICICI Bank enables customers to break high-value transactions into EMIs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/icici-bank-enables-customers-to-break-high-value-transactions-into-emis/articleshow/81670653.cmsSynopsis Customers can purchase gadgets or pay for their insurance premium or school fees in easy EMIs from their savings account using the internet
Govt to resume fresh insolvency proceedings under bankruptcy law from March 25–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/govt-to-resume-fresh-insolvency-proceedings-under-bankruptcy-law-from-march-25/story/434783.html The government is unlikely to extend the suspension further as a return to normalcy is needed, and Finance Minister Nirmala Sitharaman is considering
DHFL directors availed thousands of crores through fake loan accounts under PMAY: CBI–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/dhfl-directors-availed-thousands-of-crores-through-fake-loan-accounts-under-pmjay-cbi/story/434782.html The CBI has registered a case against crisis-hit Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan, who are already in jail
MSME funding: How FinTechs can help address credit gap for small businesses–business today
Clipped from: https://www.businesstoday.in/opinion/columns/msme-funding-how-fintechs-can-help-address-credit-gap-for-small-businesses/story/432894.html A symbiotic relationship between banks and digital NBFCs can lead the way towards a win-win situation for all The introduction of the Co-Lending
Soumya Kanti Ghosh writes: Bad bank will help in recovering value from stressed assets and allow banks to increase lending–indian express
Clipped from: https://indianexpress.com/article/opinion/columns/npa-bad-loan-covid-pandemic-indian-banks-7240423/ It will help in recovering value from stressed assets and allow banks to increase lending. RBI Governor Shaktikanta Das. (File) If we remember
Notice-pay received from outgoing employee is subject to GST, holds AAR – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/notice-pay-received-from-outgoing-employee-is-subject-to-gst-holds-aar/articleshow/80281821.cms MUMBAI: Contracts with employees provide for furnishing a notice period, which typically ranges between one to three months.Many companies permit an employee to
IBC — back to the future – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ibc-back-to-the-future/article34153104.ece?homepage=true Insolvency activity could get more hectic than before the pandemic on account of the Covid-induced financial stress To mitigate the impact of the
How bad bank model of ARC, AMC would work to manage NPAs–business today
Clipped from: https://www.businesstoday.in/opinion/columns/how-bad-bank-model-of-arc-amc-would-work-to-manage-npas/story/433303.html The proposed two-tier ARC, AMC framework, ostensibly created with public structure and private sector in mind for the respective entities, may create more
Petrol, diesel under GST? Not possible for next 8-10 years, says Sushil Modi–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/petrol-diesel-under-gst-not-possible-for-next-8-10-years-says-sushil-modi/story/434768.html Speaking in Rajya Sabha while participating in a discussion on the Finance Bill 2021, Modi told the lower house of Parliament that the
Any creditor of firm in liquidation can seek transfer of winding up plea from HC to NCLT: SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/any-creditor-of-firm-in-liquidation-can-seek-transfer-of-winding-up-plea-from-hc-to-nclt-sc/articleshow/79307771.cmsSynopsis A bench headed by Chief Justice S A Bobde and justices A S Bopanna and V Ramasubramanian was faced with two legal questions
Supreme Court chooses right–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/supreme-court-chooses-right/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The Supreme Court’s refusal either to extend RBI’s
Policybazaar to team up with Paytm, Ola and IndusInd Bank for NUE bid – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/policybazaar-to-team-up-with-paytm-ola-and-indusind-bank-for-nue-bid/articleshow/81657479.cmsSynopsis PolicyBazaar and others have set up an entity called Foster Payment Network which will front the NUE bid under Reserve Bank of India’s
loan moratorium : No compound or penal interest be charged from borrowers during moratorium period, directs SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/cant-allow-extension-of-loan-moratorium-period-says-sc-waiver-of-interest-not-possible/articleshow/81644517.cmsSynopsis The bench refused to further extend the moratorium period beyond Aug 31, 2020, or the deadline for resolution of stressed assets beyond Dec
Success of PLI scheme depends on how well Apple’s India plans shape up | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/success-of-pli-scheme-depends-on-how-well-apple-s-india-plans-shape-up-121032301454_1.html India is to be Apple’s second significant global hub The crucial issue is the government’s restrictions on Chinese foreign direct investment, which could
IBC activity likely to see gradual rise after resumption, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/ibc-activity-likely-to-see-gradual-rise-after-resumption-say-experts-121032301580_1.html The CIRP, which was suspended in light of the Covid-related stress, covers a one-year period ending March 24, 2021 Experts are of the
NCLAT closes insolvency proceedings against Jyoti Ltd after settlement with financial creditors – The Financial Express
Clipped from: https://www.financialexpress.com/industry/nclat-closes-insolvency-proceedings-against-jyoti-ltd-after-settlement-with-financial-creditors/2218639/ The National Company Law Appellate Tribunal (NCLAT) has shut the insolvency proceedings initiated against motor and generator manufacturing company Jyoti Ltd after settlement
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