The global economy is currently in the midst of a synchronised slowdown, with almost all major economies losing momentum. An important cause of this slowdown,
pmc fraud: Rs 10.5 crore cash missing from PMC records: Bank’s internal investigation team – The Economic Times
PMC Bank‘s internal investigation team has made a startling revelation: A total of Rs 10.5 crore cash is missing from the bank’s records. The team has found
Aayas Trade Services: Mantri creditor Aayas Trade moves NCLT against realtor
A creditor of beleaguered city-based realtor Mantri has approached the National Company Law Tribunal (NCLT) to start insolvency proceedings against the developer for its failure to develop
Government mulls raising Rs 1 lakh default threshold for invoking IBC: Srinivas – The Economic Times
The government is examining suggestion to raise threshold of Rs 1 lakh default to invoke the Insolvency and Bankruptcy Code (IBC) to reduce number of cases in
IBC Resolution: Time-bound e-bidding to speed up IBC resolution–Economic Times
The government amended the Insolvency and Bankruptcy Code in an attempt to speed up the corporate insolvency resolution process by setting a limit of 330
RBI monetary policy panel’s worries about growth signals more rate cuts | Business Standard News
The Reserve Bank’s Monetary Policy Committee (MPC) was unanimous in its view that a deepening economic slowdown is worrying enough to keep interest rates low
The present economic crisis is worse than 2008 recession: Goldman Sachs | Business Standard News
The consumption slump, a major challenge afflicting the economy, cannot be attributed to the NBFC crisis as it predates the first default by infra lender
GST Review: Only way to increase revenue is to plug the leakage, curb fake GST invoices – The Financial Express
GST Tax: Concerned with the dwindling tax collections under the GST, the Modi government has embarked on one of the most comprehensive review of a nationwide
Govt asks PSBs to look for alternative resolution mechanism outside IBC | Business Standard News
The Union government has directed public sector banks (PSBs) to look for an alternative resolution mechanism outside the Insolvency and Bankruptcy Code (IBC). The government has further told them
Formula on cards to distribute insolvency funds: Corporate Affairs Secy | Business Standard News
In the past three years since the IBC was introduced, 21,000 cases have come for resolution, of which 10,000 have been settled according to government
NCLAT sets aside insolvency plea of bauxite exporter Ashapura Minechem | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) has set aside an order of the Mumbai NCLT admitting a plea filed by bentonite and bauxite exporter
Govt may set threshold for homebuyers to prevent misuse of IBC provision | Business Standard News
The Ministry of Corporate Affairs (MCA) may consider introducing a threshold for homebuyers to treat them at par with financial creditors so that the Insolvency and Bankruptcy Code (IBC)
Govt to soon unveil norms to protect winning bidders in IBC cases | Business Standard News
The government will soon come up with detailed guidelines for regulators and tax authorities to protect the winning bidders in Insolvency and Bankruptcy Code (IBC) cases against
Sterling Biotech case: Appellate authority upholds IBC over PMLA | Business Standard News
In a ruling upholding the prevalence of the Insolvency and Bankruptcy Code (IBC) over the Prevention of Money Laundering Act (PMLA), the appellate authority of
IBC changes: Want to drag realtor to NCLT? Draw in 99 homebuyers – The Financial Express
All these changes, and the cross-border insolvency norms, will be part of the upcoming amendment to the IBC, which will then be introduced in the
Liberty House unlikely to re-entry in stressed asset market – The Financial Express
After several aborted bids for insolvent companies, banks and resolution professionals (RPs) have reached an understanding to keep the UK-based Liberty House out of the
Regulator, auditor should be held responsible for frauds in banks, says MoS Finance Anurag Thakur – The Financial Express
The regulator, auditor and management should be held responsible for fraud in Punjab and Maharashtra Co-operative Bank or other banks, Minister of State for Finance
How to make IBC fool-proof: Govt crowd sourcing for ideas as delays hit insolvency resolutions – The Financial Express
Over the last weekend, it organised four programmes with senior income tax officials in Mumbai, Kolkata, Bengaluru and Ahmedabad and discussed in detail various contours
Govt against attachment of insolvent firm’s assets once CIRP is completed – The Financial Express
The Ministry of Corporate Affairs (MCA) is of the view that once the corporate insolvency resolution process (CIRP) is completed against an insolvent firm, there
IBC resolution: E-marketplace for toxic assets soon – The Financial Express
India is planning to have a comprehensive online marketplace for stressed assets where potential investors, both domestic and foreign, will be able to not just
