The government on Wednesday proposed to ease curbs on promoters of micro, small and medium enterprises (MSMEs) from bidding during the insolvency process to take over a
Relief for now: NCLAT asks JAL not to transfer land back to Jaypee Infratech – The Financial Express–25.05.2018
Jaiprakash Associates (JAL) has been asked by the National Company Law Appellate Tribunal (NCLAT) to not transfer 760 acres, mortgaged to its lenders, back to
Don’t panic about the rupee – The Financial Express–25.05.2018
The rupee has slipped to levels close to its all-time low of 68.825 against the dollar seen nearly five years back, in August 2013. While
Insolvency: No fresh bids for Bhushan Power, says NCLAT – The Financial Express–25.05.2018
The NCLAT on Thursday declined a request from the committee of creditors asking Tata Steel and UK-based Liberty House be allowed to submit fresh bids for the
Insolvency: Bhushan Power lenders asked to go ahead with selection of bids | Business Standard News–25.05.2018
The National Company Law Appellate Tribunal (NCLAT) today asked the Committee of Creditors (CoC) of debt-ridden Bhushan Power & Steel to proceed with the bids submitted by Tata Steel and UK-based Liberty
Bhushan deal was done in 48-72 hours, reveals Tata Steel CEO T V Narendran | Business Standard -News-25.05.2018
The Insolvency and Bankruptcy Code (IBC) got a leg-up with Tata Steel’s acquisition of Bhushan Steel, the first big case to be resolved. Tata Steel CEO & MD T V
Battle for Essar Steel: Journey of Rewant Ruia from 100% to 0% in Numetal | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) has put the resolution process of Essar Steel on hold. NCLAT will now hear ArcelorMittal and Numetal, the
Is India’s gold rush coming to an end? – Business Line–25.05.2018
Five years ago, any sign of weakness in the Rupee would have been the cue for RBI officials, Ministers and sundry economic commentators to lash
Corporate debtors must get shareholders’ approval to initiate insolvency process – Business Line–25.05.2018
Limitation Act to apply for NCLT/NCLAT proceedings, says new ordinance Shareholders’ approval through a special resolution is a must for a ‘corporate debtor’ to
IBC: Govt readies IBC 2.0 to cope with increasing challenges – Times of India–25.05.2018
Last June, when the RBI ordered banks to initiate insolvency action against a dozen companies, resolution was expected by the end of the last financial
IBC Act: Why Sunil Kanoria of Srei Infra feels interpretation is killing it – The Economic Times–24.05.2018
If you look at Srei, we have two key businesses. One, equipment financing and two, infrastructure financing. We have faced a major challenge in the
Zoho: Zoho Finance Plus’ sees good adoption from SMEs, to set up data centers in India–24.05.2018
Edelweiss has a run rate of 35-40% growth. Do you think that kind of a run rate is here to stay for next three, four,
Motor Insurance: Now get higher compensation for third-party motor claims–Economic Times–24.05.2018
The government has amended the compensation amount payable for third-party fatal accidents and injury claims. According to the amendment made in Motor Vehicle Act, 1988
Easing the load: Cabinet clears ordinance for changes to the bankruptcy code – The Financial Express–24.05.2018
The Union Cabinet on Wednesday approved an ordinance amending the Insolvency and Bankruptcy Code (IBC). This follows suggestions made by a 14-member Insolvency Law Committee,
Pradhan Mantri Mudra Yojana: Finance ministry ties up with e-commerce firms to give loans – The Financial Express–24.05.2018
The finance ministry has joined hands with over two dozen e-commerce firms, including major players like Amazon, Flipkart, Ola and Uber, to provide easy finance to small
Malaysian move means little for India’s GST – The Financial Express–24.05.2018
Malaysia implemented the goods and services tax (GST) regime from April 1, 2015, which replaced its existing sales and service tax (SST) regime. This GST
Binani RP postpones creditors’ meet – The Financial Express–24.05.2018
The resolution professional (RP) of insolvent Binani Cement has postponed the creditors’ meet, which was scheduled for Thursday, citing that the resolution plan submitted by
Working, but too slowly: Bankruptcy process must keep to its own timetable | Business Standard -Editorials-24.05.18-R
The successful sale of Bhushan Steel to Tata Steel on Friday was the first big case to be resolved under the new bankruptcy framework. Among the National Democratic Alliance
Home buyers to get rights as ‘creditors’ of insolvent firms – Business Line–24.05.2018
The Union Cabinet on Wednesday gave its approval for an ordinance to amend the insolvency law so as to, among other things, treat home buyers
Bankruptcy relief for MSME promoters – Times of India–24.05.2018
Highlights Insolvency and Bankruptcy Code (IBC), has suggested that promoters of companies with turnover of up to Rs 250 crore will be allowed to bid
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