India horrific loans presently have soared to whopping Rs 9.5 lakh crore. It’s not only a huge quantity, it’s a large monster that is eating away India’s financial increase. IMF in a document said India’s key banks seem resilient, however the device is situation to huge vulnerabilities. “The economic sector is going through great demanding … Continue reading “Big terrible loan monster is eating away India’s economic growth: IMF”

Indiaʹs new financial disaster law is getting most traction from an uncommon set of lenders, people with the least to benefit from pushing corporations into the insolvency process. Operational or unsecured creditors, who have dues that are not backed via any collateral, might be los angeles st in queue to be repaid once an insolvency … Continue reading “Why closing-in-queue creditors report maximum insolvency lawsuits in India”

The Reserve Bank of India has suggested banks to report for insolvency complaints on their very own rather than watching for its commands.

National Company Law Tribunal (NCLT) declined to extend the deadline for finalizing a rescue plan for the insolvent firm beyond the mandatory 270-day

The government is likely to make substantive amendments in upcoming budget into Insolvency and Bankruptcy Code (IBC).

Bank of India (BOI) to have its place as 8th lender to come under the Reserve Bank of India’s (RBI) prompt corrective action (PCA) as bad loans ascend

With the closure of Reserve Bank of India’s (RBI) deadline to resolve the 28 identified large stressed accounts in the second list, banks are gearing up to

Ministry of Corporate Affairs (MCA) vide its General Circular No.16/2017, Condonation of Delay scheme (COD Scheme), 2018 to vouchsafe final

The Reserve Bank of India cancelled a scheduled bond auction on Friday, triggering a rally in the bond yields, where climbed 18-month high a day

The Securities and Exchange Board of India (SEBI) has notified 2nd amendment in Issue and Listing of Debt Securities (ILD) which shall come

The Insolvency and Bankruptcy Board of India (IBBI) appears to be in no mood to review amendments made in the bankruptcy code.

All the Account holders of aforesaid banks which were merged with SBI Bank, they are required to have new cheque book by 31st December, 2017 bearing new IFS code.

Section 164 of the Companies Act, 2013, provides the events which result in disqualification of directors. For those director who had been disqualified

The Home Ministry has directed all NGO’s, business entities and individuals who receive funds from abroad to open accounts within a month.

Properties of struck off companies from ROC can’t be enforced, operated, transferred or alienated in any manner by companies including ex-directors.