The discussion paper on corporate liquidation process put out by the Insolvency and Bankruptcy Board of India last week has inexplicably left a backdoor open
IBBI streamlines insolvency professional’s ‘temporary surrender’ process – The Hindu BusinessLine
An insolvency professional (IP) may not find it easy to wriggle out of an existing transaction because of the difficult situations faced during the corporate
GST revenue: GST collection jumps to Rs 1.13 lakh crore in April, the highest since its rollout
The ministry said the total number of GSTR 3B Returns filed for the month of March up to 30th April, 2019 is 72.13 lakh The GST collections
Krishnamurthy Subramanian: Fear of losing a company post IBC changing credit behaviour: Krishnamurthy Subramanian
Subramanian says the Insolvency and Bankruptcy Code is a big reform that is changing credit behaviour and calls for incentives for young businesses rather than
Lenders to take 52% haircut as Patanjali’s resolution plan for Ruchi Soya gets the go-ahead – The Financial Express
Ruchi Soya Industries was admitted into the corporate insolvency resolution process (CIRP) on December 15, 2017, based on application of financial creditors Standard Chartered Bank
Sexual harassment charges: Probe against CJI Ranjan Gogoi going nowhere – The Financial Express
More important, while the SC has divided the inquiry into two parts, the sexual harassment charges and the larger conspiracy—an advocate has added to the
Crossing the Vishaka bar | Business Standard Column
In 1997, the Supreme Court broke new ground for women’s rights by setting out explicit guidelines requiring organisations to set up sexual harassment complaints committees. In 2013,
Why Jet Airways revival is difficult: SBI reveals REAL hurdles for investors – The Financial Express
The top lender of ailing Jet Airways India Ltd. said the burden of reversing the grounded carrier’s negative net worth before it can fly again
Why Jet Airways revival is difficult: SBI reveals REAL hurdles for investors – The Financial Express
The top lender of ailing Jet Airways India Ltd. said the burden of reversing the grounded carrier’s negative net worth before it can fly again
Bad debt at US banks rises on higher credit card losses – The Hindu BusinessLine
For the biggest US banks, not all consumer debt is created equal. Credit card losses are outpacing auto and home loans at a rate not
patanjali: Lenders approve Patanjali’s Rs 4,325 cr bid for Ruchi Soya – The Economic Times
With the acquisition of Ruchi Soya, Patanjali will become a major player in soyabean oils and other products. In its first major acquisition, Yoga guru
Banks may get just a quarter of claims from 12 debt cases – The Economic Times
Banks would realise just about a quarter of their claims from 12 corporate debt resolution cases in January-March 2019, dashing hopes of higher bad loan recovery in the
SC asks Amrapali Group to explain details of transactions, agreements with M S Dhoni – The Economic Times
Dhoni said that like other home-buyers and creditors, he has also been duped by the Amrapali Group. The Supreme Court directed the embattled Amrapali Group on Tuesday to explain
Uday Kotak: Uday Kotak on challenges in financial sector, liquidity stress, IL&FS and more – The Economic Times
On the challenges in the financial sector We’re in the midst of one of the most significant challenges in financial sector. The next few months
Most claims liquidated in NCLT amid delays: Report – The Economic Times
Amid the rising number of cases admitted to the National Company Law Tribunal (NCLT), a Kotak report on Tuesday said that liquidation remained the most favourable closure for all
Tax dept to share ITR data with GSTN to detect tax evasion by business persons – The Economic Times
As per the order, the exchange of data will be request-based as well as spontaneous and automatic. Soon, the tax department will be sharing the income
RCom: NCLAT sends RCom back to insolvency–Economic Times
The Mumbai bench had admitted the petition but the NCLAT stayed insolvency proceeding after financial creditors, RCom and Ericsson agreed to a settlement. Reliance CommunicationsNSE
The Public Interest Lies in Disclosure–Economic Times
The Supreme Court has done right to direct the Reserve Bank of India (RBI) to disclose information on defaulters and annual inspection reports under the
A woman is equal to three-fourths of a man; unequal economic rights cause a loss of $160 trillion – The Financial Express
Although reforms have improved economic inclusion of women, yet gaps remain as women worldwide on an average have only three-quarters of the legal protection than
Insolvency proceedings: Defaulting promoters may get chance to come back – The Financial Express
However, a credible proposal for “compromise or arrangement” must be made to the liquidator within seven days of the date of order for liquidation by
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