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.
Search Results for: insolvency
Ericsson vs. Aircel- The former moves to Delhi High Court to recover dues
Swedish telecom equipment manufacturer Ericsson has moved to Delhi High Court against Aircel and its units to get their debts back worth Rs.251.40 crore
Importance of Debt Recovery in Ease of doing business
India has jumped 30 spots to number 100 in the latest Ease of Doing Business report for 2018 released by the World Bank today.
No wrongdoings, keen to deliver flats: Jaypee Group
Jaypee Group has said that there is no wrong doing on the unencumbered land of the group in favor of mother company Jaiprakash Associates (JAL).
India: RERA, lender’s perspective- Obstacles and Mitigation
A glance at how RERA impacts moneylenders, and how it can be alleviated.
Appellate tribunal stays NCLT order allowing promoter to bid for firm
An appellate tribunal has stayed the order of the National Company Law Tribunal (NCLT) allowing the promoter of MBL Infrastructure to bid for his insolvent company. It also stayed the resolution plan for the company. The Kolkata bench of the NCLT had allowed the promoter of MBL Infrastructure, Anjanee Kumar Lakhotia, to place a resolution … Continue reading “Appellate tribunal stays NCLT order allowing promoter to bid for firm”
NCLAT getting clogged up; Appellate body has no competition regulation professional
Tribunals have been predicted as a solution to judicial delays and a tool to harness fee-effectiveness, accessibility, expedited functioning, professional understanding and freedom from technicalities getting used as pace-breakers. Nevertheless, fact seems pretty unique as a long way as opposition appeals are worried. The Indian competition adjudicatory shape includes the Competition Commission of India (CCI) … Continue reading “NCLAT getting clogged up; Appellate body has no competition regulation professional”
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”
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.
NCLT declines extending the deadline for liquidation
National Company Law Tribunal (NCLT) declined to extend the deadline for finalizing a rescue plan for the insolvent firm beyond the mandatory 270-day
Bankruptcy Code to get substantive amendments in budget
The government is likely to make substantive amendments in upcoming budget into Insolvency and Bankruptcy Code (IBC).
Micro, Small and Medium Enterprises likely to get Bifurcated Norms
The government fore-show that to foothold the interest of micro, small and medium enterprises (MSME) will get bifurcated norms for insolvency proceedings.
24 NPA Accounts to make reference to NCLT by banks
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
IBBI Chairman in no mood to review amendments in Bankruptcy Rules
The Insolvency and Bankruptcy Board of India (IBBI) appears to be in no mood to review amendments made in the bankruptcy code.
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