The National Company Law Tribunal (NCLT) Tuesday rejected the debt settlement proposal put forth by the shareholders of Essar Steel saying the offer violates Section 12A of
Government sets March deadline to resolve 9 top insolvency cases – The Economic Times
The government has set a March deadline for lenders and resolution professionals (RPs) to resolve nine of the dozen high-value insolvency cases, with Essar SteelNSE 0.00 % and Jaypee InfratechNSE
Timely NCLT resolutions can release Rs 67,000 crore to lenders: Report – The Economic Times
While the number of insolvency cases are expected to pile up over the next few quarters, timely conclusion of cases within the law mandated 180-270
Banks need reform, not exhortations–Economic Times
The right incentives and the right institutional framework, complete with rigorous governance norms, are what bankers need to lend to deserving borrowers without reservation, not
SBI alleges Aadhaar data misuse, UIDAI rubbishes charge – The Economic Times
Officials of State Bank of IndiaNSE -0.36 % (SBI) have alleged that data of the Unique Identification Authority of India (UIDAI) has been misused. Logins and biometrics of their Aadhaar operators
Follow prudential norms for credit without being excessively conservative: Shaktikanta Das to banks – The Financial Express
Das emphasised the need for further strengthening various aspects of banking, including underwriting standards, capacity building, use of technology and governance. Reserve Bank of India
PCA Framework: FinMin bats for ‘ROA’ parameter tweak – The Hindu BusinessLine
Any moderation could help some PSBs come out of PCA net The Finance Ministry has made a case with the Reserve Bank of India (RBI)
निषेधार्ह हस्तक्षेप | CBI–Maharashtra Times
निषेधार्ह हस्तक्षेप व्हिडिओकॉन उद्योगसमूहाच्या कर्जप्रकरणात केंद्रीय अन्वेषण विभागाने (सीबीआय) आयसीआयसीआय बँकेच्या माजी मुख्याधिकारी (सीईओ) चंदा कोचर यांच्यावर गुन्हा दाखल झाल्यानंतर तातडीने केंद्रीय अर्थमंत्री अरुण जेटली
How Indian banks fare on capital adequacy ratio against global peers | Business Standard News
The Reserve Bank of India (RBI) feels easing capital norms for banks in haste could be harmful for the economy. A comparison of the capital adequacy ratios
NPA data: RBImay release NPA data to show effect of February 12, 2018 diktat–Economic Times
The Reserve Bank of India (RBI) is weighing a plan to release data that would demonstrate that the number of corporates defaulting on bank loans have dipped
Insolvency Law–Expert view: Those who gave personal guarantees may get into trouble: Sandeep Parekh, Finsec Law Advisors – The Economic Times
he SC ruling will prove to be huge for the economy and it will be good for the banking system as it allows them not
Taxpayers Beware! 6 transactions which may invite penalty, prosecution under Income Tax Act – The Financial Express
Some media reports recently indicated that the Income Tax Department is issuing tax notices to thousands of taxpayers for minor defaults. This included prosecution notices
FM versus CBI says a lot about government functioning – The Financial Express
The problem with Jaitley’s statement – that was promptly retweeted by Piyush Goyal who is filling in for Jaitley who is in the US for
Amid delayed insolvency process, Cantor, SC Lowy eye India’s bad loans | Business Standard News
Many global funds have pushed for India to resolve its bankruptcy cases faster, but some investors are finding opportunities in the delays. As Indian lenders
CBI–Investigative overreach | Business Standard Editorials
Last week, the Central Bureau of Investigation (CBI) filed a case against the former managing director and chief executive officer of ICICI Bank, Chanda Kochhar; her husband,
‘Exempt supply’ includes supplies on reverse charge basis to restrict ITC | Business Standard National
Q. We are a society conducting events for our members. For the events, we get sponsorship amounts from our clients. We raise a sponsorship invoice
How litigation shackled bankruptcy reform and forced fire-sale of bad loans | Business Standard News
When India introduced new bankruptcy resolution rules in 2016, government officials and investors said they expected debt-burdened state-owned banks to clear up some of their
Number of cases withdrawn under Sec 12A of IBC sees a spike in Q3 FY19 | Business Standard News
An amendment in the Insolvency and Bankruptcy Code (IBC) last year to insert Section 12A which allowed withdrawal of cases admitted to the National Company
Shutdown surrender – USA–The Hindu
The partial shutdown of the U.S. government was the first major showdown between President Donald Trump and the Democrats after the latter took control of
A resounding nod | –Insolvency Law–Business Standard Editorials
On Friday, a two-judge Bench of the Supreme Court cleared the path for the untrammelled functioning of the Insolvency and Bankruptcy Code (IBC). The IBC was enacted in 2016, replacing a host
