Category: Debt Recovery Management

IBC provides relief under this code to Homebuyers and MSME’s

The government could soon promulgate an ordinance to make changes to the Insolvency and Bankruptcy Code that will provide relief to small businesses and homebuyers

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Debtors of Alok Industries could not be located, says RP

Steps taken by the resolution professional (RP) for Alok Industries to recover trade outstanding to the tune of Rs 11,622 crore from 5,293 debtors

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Amendments to be introduced in IBC to sync it with RERA

The government must amend the IBC to recognize the legitimate claim of home buyers. After all, they use their lifetime savings to invest in a house.

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11 public sector banks placed under RBI’s PCA framework

Eleven public sector banks are under the radar of the Reserve Bank of India (RBI) over the issue of non-performing assets.

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RBI allows banks to spread debt losses, second decision taken within two weeks to revive debt market

India’s sovereign bonds rallied after the central bank allowed lenders to spread out trading losses, a second policy decision in two weeks to revive a debt market that had sold off for seven months.

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Jyoti Structures faces liquidation of Rs.7000 Crore

Jyoti Structures, one of the 12 entities from the first central bank list to be taken to bankruptcy courts, would head into liquidation, inflicting a loss of Rs.7,000 crore on the affected bankers, people in the know told ET.

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Suspected PNB is just 5 days away from getting a defaulter tag

The Government and the Reserve Bank of India (RBI) may need to venture in to stay away from an uncommon occasion in Indian banking.

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Banks to deal with Nirav Modi, NPAs and rising yields

As one of the most eventful quarters for banks comes to a close, lenders’ balance sheets are hit by a triple whammy that could take them a while to recover.

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Mutual funds can now invest in REITs, InvITs

Indian mutual funds will be allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), the market regulator said on Saturday, a move aimed at boosting investor interest in such alternative investments. The Securities and Exchange Board of India (SEBI) had been working on easing regulations on REITs and InvITs to woo … Continue reading “Mutual funds can now invest in REITs, InvITs”

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CBDT notified form 68 to grant immunity from penalty u/s 270A, 276C and 276CC

CBDT vide its notification dated 05/10/2016 has notified form no. 68 under Rule 129 of income tax rule, to apply to Assessing offier for (i)  Immunity from penalty u/s 270A relating to “under reporting and misreporting of income” (ii) immunity from initiation of proceedings u/s 276C and 276 CC relating to willful attempt to avaid tax … Continue reading “CBDT notified form 68 to grant immunity from penalty u/s 270A, 276C and 276CC”

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