US-based online lending platform Biz2Credit is forecasting a sharp jump in lending to small and micro enterprises following the implementation of the goods and services tax (GST)
Appeal Mumbai NCLT ruling on defaulters’ bidding – The Financial Express–14.06.2018
In a somewhat surprising ruling, the Mumbai bench of the National Company Law Tribunal (NCLT) has said that the law banning promoters who are defaulters
Get a loan within 24 hrs! Amazon India launches lending network for sellers | Business Standard News–14.06.2018
In another India-first initiative, Amazon has launched a lending network connecting lenders and its sellers, who will be able to avail loans at competitive rates in as
Insolvency: UltraTech Cement to bear cost of Binani’s legal proceedings | Business Standard News–14.06.2018
UltraTech Cement, which is in a legal battle to acquire bankruptcy-hit Binani Cement, has agreed to bear the costs arising out of the unending series
IBC 2016–Tangled web – Business Line–14.06.2018
The recent changes to bankruptcy laws have mixed implications for speedy resolution The journey for the large corporate insolvency cases queued up before the National
GST refunds: Rs 7,000 crore cleared; here’s how exporters, traders can claim pending refunds – The Financial Express–13.06.2018
Over Rs 7,000 crore or half of the pending GST refunds of exporters has been cleared in the first nine days of the ongoing special
IBC’s Section 29A: Experts say Mumbai, NCLT’s order threatens code’s intent – The Financial Express–13.06.2018
A ruling by the Mumbai bench of the National Company Law Tribunal (NCLT) — that provisions of a November 2017 ordinance on the ineligibility of
Battle for Ruchi Soya: Adani tops with Rs 6,000-crore bid – The Financial Express–13.06.2018
Adani Wilmar, a joint venture between the Adani Group and Singapore’s Wilmar International, has beaten rival bidder Patanjali to place a higher bid of close
Bad bank = Bad idea: There’s dubious merit in a rehab clinic for toxic debt | Business Standard News–13.06.2018
Bad ideas keep returning to the corridors of power in New Delhi with the unfailing regularity of migratory birds. This year is no exception. According
Tata Steel likely to have an edge in battle for Bhushan Power | Business Standard News–13.06.2018
Tata Steel is likely to have an edge in the battle for Bhushan Power & Steel after the Committee of Creditors (CoC) sat through presentations on resolution plans from all bidders on
India’s NPAs and the global scenario – Business Line–13.06.2018
Though globally India’s position is unsatisfactory, time-bound resolution of NPAs under IBC should ease banks’ burden The non-performing asset (NPA) issue facing banks has dominated
NCLT to resolution professional: Relook new bids for Alok Ind – Business Line–13.06.2018
The National Company Law Tribunal has directed the resolution professional of Alok Industries to resubmit the plan submitted by JM Financial Asset Reconstruction and Reliance
Going on a hike | The Indian Express–13.06.2018
In its most recent meeting, the Monetary Policy Committee (MPC) of the RBI raised the policy interest rate for the first time since it was
Low recoveries of NPAs: RBI data – The Hindu–13.06.2018
Low recoveries of NPAs: RBI data Sobhana K. Nair Figures provided by RBI Governor Urjit Patel before parliamentary Standing Committee on Finance show write-offs mainly
No easy solutions: on tackling NPAs – The Hindu–13.06.2018
A ‘bad bank’ is not a magic bullet; tackling NPAs requires other structural reforms as well Union Minister Piyush Goyal, currently in charge of the
GST completing 1 year, will procedures ease? | Deccan Herald–13.06.2018
Time flies. Even before the country could grapple with the nitty-gritties of the Goods and Services Tax (GST), we will be celebrating the first anniversary
Videocon blames note ban–Deccan Chronicle–13.06.2018
Leading electronics maker Videocon cited unexpected and unforeseen events such as note ban, policy paralysis of the previous UPA government and a Supreme Court order
Status Report: A year after, NCLT resolves only 2 cases out of 12 referred – The Financial Express–13.06.2018
A year after Reserve Bank of India’s (RBI) decision to nudge banks in referring 12 large defaulters to the National Company Law Tribunal (NCLT), only
Insolvency and Bankruptcy Code: Bankruptcy court admits lenders insolvency plea against Sterling Biotech – The Economic Times–12.06.2018
The bankruptcy court has admitted the insolvency plea against Sterling Biotech filed by Andhra Bank – a move by banks to recover their dues amidst probe by
RBI releases draft norms to modify loan system for large borrowers – The Economic Times–12.06.2018
The Reserve Bank today came out with draft guidelines on loan system for delivery of bank credit to improve discipline among larger borrowers enjoying working capital facility from the banking system. The draft
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