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Amid rising oil prices, depleting macroeconomic indicators and foreign investors leaving the country, Prime Minister Narendra Modi’s office may soon call a meeting of top

Bankruptcy: Salvage what you can from your holdings in insolvent companies | Business Standard News–21.05.2018

Many retail shareholders of companies that are undergoing bankruptcy proceedings are watching developments closely. They are hoping that the bidder who gets the National Company Law Tribunal’s

Tax buoyancy, growth may help reduce deficit, says Ashima Goyal | Business Standard News–21.05.2018

In the past few weeks, the rupee has been falling and crude oil prices have been on the boil. ASHIMA GOYAL, professor, Indira Gandhi Institute of Development

Problem in bond market is root cause of banking sector crisis: CAG | Business Standard News–21.05.2018

Comptroller and Auditor General (CAG) of India Rajiv Mehrishi today said the root cause of banking sector crisis in India is the problem in bond market as the RBI acts as

Await rate hikes, era of cuts may be over – The Hindu–21.05.2018

Inflation may spur shift in RBI stance While the market is, in general, expecting yet another pause from the Reserve Bank of India when it

RCom: NCLT appoints IRPs for Rcom, units–Economic Times–21.05.2018

The insolvency tribunal has named three separate interim resolution professionals (IRP) from RBSA Restructuring Advisors LLP to run Reliance Communications (RCom) and its two units, Reliance Telecom Ltd. (RTL)

IBC 2016–The mantra remains maximising value–Economic Times–21.05.2018

Tata Steel has reportedly prevailed in the bidding for Bhushan Steel that was being resolved under the Insolvency and Bankruptcy Code, acquiring a 73% stake.

GST–: Revenue authorities step up efforts to make businesses file GST returns within deadline – The Economic Times–20.05.2018

As per official data, while 57.69 per cent of the GST returns for July were filed within the due date, the figure has now gone

Bankruptcy: Best use of insolvency law is in not using it at all: IBBI chief Sahoo – The Economic Times–20.05.2018-R

Asserting that the insolvency law has brought in behavioural changes among stakeholders, IBBI chief M S Sahoo has said the best use of the Insolvency and Bankruptcy Code would be in

Bhushan Steel: Tata Steel completes Rs 35,200 crore purchase of bankrupt Bhushan Steel – The Economic Times–20.05.2018

Tata Steel has formally taken control of Bhushan Steel , settling about Rs 35,200 crore, or nearly two-thirds, of the loans the bankrupt steelmaker owed to lenders and

GST update: Council asks Centre, states to quickly set up appellate authorities – The Financial Express–20.05.2018

The GST Council has asked the Centre and states to expedite setting up of appellate authorities for aggrieved entities to appeal against orders of the

GST adaptation under lens: Rajasthan depts deduct TDS from contractors, unlawfully – The Financial Express–20.05.2018

In what could bring the state governments’ adaptation to the goods and services tax (GST) into question, a few departments of the Rajasthan government have

Liquidated damages proceeds to attract 18% GST, says AAR – The Financial Express–20.05.2018

Mumbai-based Authority of Advanced Ruling (AAR) for the goods and services tax (GST) has held that payment made on account of ‘liquidated damages’ will attract

IT dept cautions TDS deductors against quarterly filing default – Business Line–20.05.2018

The Income Tax Department (ITD) today cautioned TDS deductors to adhere to the stipulated deadline of May 31 for filing their statements failing which they

Start cutting staff of PCA banks to help them survive – The Financial Express–19.05.2018

If these banks are to have any hope of turning around, fixing the staffing has to an integral part of any turnaround plan. At a

RBI’s Feb Circular: Finance Ministry keeps up demand for relief on insolvency trigger – The Financial Express–19.05.2018

Stressed PSBs said in Thursday’s meeting with the ministry that they would be affected by the RBI rule. The finance ministry will renew calls for

Binani Cement’s CoC asks Dalmia Bharat to match offer of UltraTech | Business Standard News–19.05.2018

The Committee of Creditors (CoC) of Binani Cement on Friday asked Dalmia Bharat Cement led consortium to match the Rs 79.60 billion offer from UltraTech Cement for acquisition of the stressed assets of Binani

With NCLT, NCLAT closing for vacations, insolvency resolutions face delays | Business Standard News–19.05.2018

With the National Company Law Tribunal (NCLT) and the National Company Appellate Law Tribunal (NCLAT) closing for vacations, the resolution process for firms undergoing bankruptcy proceedings are

Battle for Essar Steel: ArcelorMittal sets terms for Rs 70 bn repayment | Business Standard News–19.05.2018