On October 25, more than 92 per cent of the creditors at Essar Steel voted in favour of a proposal by ArcelorMittal, The committee of
Gujarat Ambuja Exports faces insolvency petition at NCLT – The Economic Times
The case has been being filed by Delta Global Resources, which supplied coal to Gujarat Ambuja, said a company executive. Gujarat Ambuja Exports, a manufacturer of starchNSE
Jet Airways delays loan repayments to banks – The Economic Times
Jet has also proposed to SBI and the lending consortium for liquidity assistance and alternatively to convert its loans to equity. Jet Airways has delayed loan
RCom: Ericsson to again move court against Anil Ambani as RCom fails to pay up–Economic Times
Ericsson is set to file a second contempt of court petition against Reliance Communications’ (RComNSE -2.53 %) chairman Anil Ambani for failing to repay dues on time despite
Rationalise GST on building material–Economic Times
The proposal to bring construction material in the 5% GST slab is commendable. There is a huge infrastructural deficit nationwide, and filling the gap calls
Sec 29 of IBC law: Planned changes to fix grey areas – The Financial Express
The new relaxation will allow bidders to show that, while they are related to defaulters, their businesses are quite distinct. Given how powerful industrialists hoodwinked
RBI–Two steps forward, one back | Business Standard Editorials
The Reserve Bank of India’s (RBI’s) recently released Financial Stability Report (FSR) will have been met with some relieved sighs across the country, given that it seems
NCLAT directs NCLT Bench to speed up Essar Steel hearing – The Hindu BusinessLine
The matter is listed at NCLT Ahmedabad on January 7 for next hearing The National Company Law Appellate Tribunal (NCLAT) has directed the Ahmedabad Bench
FM sees light at end of Essar, Bhushan insolvency tunnel – The Hindu BusinessLine
‘Creditors may realise 70,000 crore by March-end through 12 big-ticket resolutions’ Asserting that the “early harvest” through the Insolvency and Bankruptcy Code (IBC) has been
Unavoidable option – The Hindu BusinessLine
RBI’s lifeline to MSMEs was inevitable given the extraneous events that have landed them in crisis The evergreening of large corporate loans is at the
A fiscally prudent solution to farm loan crisis – The Hindu BusinessLine
While waivers are best avoided, expenditure can be met via callable deep discount bonds and by managing PSU assets better Direct institutional credit extended to
The Insolvency and Bankruptcy Code: Economic growth: One good policy, and a few more to go – The Economic Times
By Taponeel Mukherjee Access to credit, data and transportation are among the most crucial drivers of economic well-being. To ensure better access to critical needs in India,
Slow upward movement in average GST collection puts govt in wait mode – The Economic Times
gst.jpg.webp9.3 KB GST collection dropped to Rs 94,726 crore in December raising worries over government revenues taking a hit and further delaying rationalising of GST slabs.
GST–Traders pitch for simpler GST – The Economic Times
Traders across the country have urged the Centre to simplify the procedures of the Goods and Services Tax (GST) this year to bring small businesses under the indirect tax regime.
Donald Trump: India’s retaliatory tariffs to hit US exports worth USD 900 mn: Congressional report
India’s proposed retaliatory tariffs against US agricultural products including apples, almonds and lentils will have an adverse impact on American exports worth nearly USD 900 million, according
Jobs: View: India needs a competency-enhancing, job-creation master plan – The Economic Times
By Frank F. Islam When Narendra Modi was running for office, he promised to create 10 million jobs per year. The Modi administration has come nowhere near generating that number of
bank fraud: Watch out, cyber fraud cases in banks are spiking – The Economic Times
With the rise in digital transactions and their spread to the interiors of the country, cyber frauds at banks too are on the rise. The
Bankruptcy: Insolvency law committee calls for stakeholder views – The Economic Times
The Insolvency Law Committee has called for suggestions from stakeholders on the provisions of the Insolvency and Bankruptcy Code as well as the rules and regulations. The government had
Arun Jaitley’s big message to defaulters: ‘IBC instilling fear’ – The Financial Express
Potential loan defaulters have started paying up as the Insolvency and Bankruptcy Code (IBC) has instilled the fear of losing their businesses if they cross
Editorial on construction of a wall on the border of Mexico | पाडणे की बांधणे? | Loksatta
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