Difference between NCLT and DRT
A detailed article on NCLT and DRT and the difference between them and how can corporate bodies approach NCLT against their borrowers/debtors.
Search Results for: financial debt
Soaring NPAs, NBFCs and HFCs at rescue!
Introduction Non-banking finance companies and mortgage lenders, which control the lion’s share of developer loans, are using all the tricks in the marketing and finance trade books to help realtors still smarting from the pains inflicted by the note-ban, Rera and GST, to sell their inventory so that these lenders secure their monies. According to … Continue reading “Soaring NPAs, NBFCs and HFCs at rescue!”
Robust Insolvency Bankruptcy Laws to deal with bad Loans
The latest amendment bill of Insolvency & Bankruptcy, 2017 has been passed by the Lok Sabha to deal with recovery and reorganization in a speedy, reliable process.
Legal Remedies for Recovery of Loan
In this article we will briefly cover the legal remedies one can resort to against their debtors in case there is default in paying the loan amount.
Revised RERA Regulation by Gurugram RERA for project Registration
The Gurugram RERA has prescribed the revised RERA regulations for RERA project RERA registration in Gurugram, We have briefed the revised the requirement.
RBI black-listed 9500 defaulting NBFCs
NBFCs or the non-banking financial companies as we call it are now under the radar of the Reserve Bank of India. Traditionally, India has had a bank dominated financial sector. Even so, there have always been Non-Banking Financial Companies to provide finance to mainly unorganized markets. NBFC have continued to complement banks in providing … Continue reading “RBI black-listed 9500 defaulting NBFCs”
Revised RERA Regulation for project Registration under Haryana RERA
Haryana RERA has notified revised RERA regulations and revised form REP -1 for project registration for Haryana which differ from the original form and requirement. Here is the summary
Difference Between Partnership and LLP
A details article where we are discussing about difference between partnership and LLP.
NCLT gives Shirdi Industries to promoters, offers hope to others
In a landmark judgement which may assist different promoters who are combating to defend their organizations, Mumbai-primarily based laminates maker Shirdi Industries has come to be the first case where a National Company Law Tribunal (NCLT) exceeded an order that allowed the corporation to be surpassed over to the same promoters for implementing the decision … Continue reading “NCLT gives Shirdi Industries to promoters, offers hope to others”
Big terrible loan monster is eating away India’s economic growth: IMF
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”
Why closing-in-queue creditors report maximum insolvency lawsuits in India
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”
Banks can take advantage of the IBC to easy up their balance
The Reserve Bank of India has suggested banks to report for insolvency complaints on their very own rather than watching for its commands.
Government can reduce the number of public sector banks by including them
The government is working on the agenda of the merger of banks with the goal of preparing 3-4 banks of global size. It has reduced the number of government-owned banks from 21 to about 12.
Now Bank will be able to Start the loan recovery Process before 90 Days
A senior government official said that recent amendments in banking rules will help bank solve the problem of debt deferred soon. According to RBI regulations, if the amount of any loan amount is more than 90 days, then it becomes non-performing.
Ways To Get Finance To Start a New Business
Getting a small business off the ground is a huge achievement, but establishing financing on a solid footing is critical to whether an enterprise ultimately succeeds or fails.
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