The Income Tax (I-T) Department is an “aggrieved creditor” to many de-registered shell companies and will petition the National Company Law Tribunal (NCLT) to recover tax dues of crores
Crisis-hit Jaiprakash Associates says no fraud in providing Jaypee Infra’s land as collateral – The Financial Express–22.05.2018
Crisis-hit Jaiprakash Associates Ltd (JAL) today said the company provided certain land parcels of its subsidiary Jaypee Infratech as additional collateral to its lenders and
Canteen services provided by outside vendors to attract 18% GST, says Authority for Advance Rulings – The Financial Express–22.05.2018
Canteen services provided by outside vendors in offices and factories will attract 18 per cent GST, said the Authority for Advance Rulings (AAR). The Gujarat
Fasal Bima Yojana is failing, fix it – The Financial Express–22.05.2018
With just around 45% of the claims made by farmers over the last three crop seasons—data for the last rabi season is not available—paid by
NDA rakes in premium while UPA-II struggled with auto fuel subsidy – Business Line–22.05.2018
With retail fuel prices at an all-time high, there has been a clamour from industry bodies for the Centre to step up and offer some
NCLAT issues notice to Tata Steel on eligibility of bid for Bhushan Steel – Business Line–22.05.2018
Less than week after sealing the deal to acquire Bhushan Steel, Tata Steel has received a notice from the National Company Law Appellate Tribunal on
Finmin not seeking relaxation of RBI’s PCA framework, PSBs told to focus on core biz – Business Line–22.05.2018
The finance ministry is not seeking any relaxation from RBI in its prompt corrective action (PCA) framework and has instead asked banks to adopt differentiated
More action needed to help exporters | Business Standard Column–22.05.2018
Last Wednesday, the rupee depreciated to over 68 a dollar; the Reserve Bank of India (RBI) intervened to help it gain some strength and it closed at 67.35
Default resolved: Acquisition of Bhushan Steel under IBC is a milestone in bankruptcy proceedings–Times of India–22.05.2018
Tata Steel last week announced that it had completed the acquisition of Bhushan Steel, a company which had the dubious record of being one of
Miles to go for the new bankruptcy code – The Hindu–22.05.2018
Good news has finally started to roll out of the refurbished bankruptcy courts. Tata Steel acquired 73% stake in the bankrupt firm Bhushan Steel for
विक्रमी उत्पादन आणि इंधन भाववाढीच्या कात्रीत शेतकरी | लोकसत्ता –२२.०५.२०१८
भारतीय अर्थव्यवस्था, विशेष करून कृषीक्षेत्र, या क्षणी अत्यंत महत्त्वाच्या वळणावर आहे. एकीकडे सार्वत्रिक निवडणुका जेमतेम वर्षांवर येऊन ठेपल्या आहेत. त्यामुळे केंद्र सरकार शेतकऱ्यांसाठी भरीव असे
PMO calls for brainstorming on macro-economic concerns | Deccan Herald–21.05.2018
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
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
