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2 mins read
Indian banks are recovering over 1.5 times as much money under the bankruptcy code — but it's still painfully slow
It’s been three years since the Insolvency and Bankruptcy Code (IBC) was implemented, and while…
2 mins read
Here's how the government’s new debt relief scheme for small business owners will work
Individuals with an annual income of ₹60,000 or less and assets worth up to ₹20,000 are elig…
2 mins read
India's Supreme Court slams the government for leaving the country's bankruptcy court short-staffed
Chief Justice Gogoi reportedly said that there had been delays in appointing members to the body…
2 mins read
India is tweaking its bankruptcy law to prevent successful bidders from backing out
A new policy involving a “security deposit” of sorts will likely be implemented. This will req…
2 mins read
India badly needs bankruptcy experts — and this course could be your ticket to a hot, new career
India has a huge, emerging sector for helping distressed and bankrupt companies come out of financi…
3 mins read
India’s finance minister touts the success of the country’s recently-implemented bankruptcy code — but it still requires significant improvement
In a post titled, “Two years of insolvency and Bankruptcy Code (IBC),” Jaitley said that as much…
2 mins read
ArcelorMittal submits a higher bid for bankrupt Essar Steel but on one condition
A fresh round of bidding for the indebted Essar Steel - which was one of the first 12 accounts iden…
2 mins read
Supreme Court reserves order on recovery of AGR dues from insolvent telecom companies
A bench headed by Justice Arun Mishra is likely to pronounce the judgment on three counts: Stagg…
3 mins read
India puts a pause on new bankruptcy cases for a year — and other changes that will cap the rise in bad loans
"Any indebted situation that comes up because of coronavirus will not be considered as ‘default’ an…
1 min read
Aviva Life settles insolvency case in NCLT
New Delhi, Nov 27 ()
Aviva Life Insurance on Wednesday said the insolvency case filed against th…
PTI
6 mins read
EXCLUSIVE: India’s bankruptcy board Chairman explains the evolution of the country's insolvency laws
India’s new bankruptcy law is providing what the country now needs - a way for creditors to gain wh…
1 min read
Nearly 60pc cases admitted into CIRP still under resolution process: Report
"Of the total 3,774 cases admitted into CIRP (Corporate Insolvency Resolution Process) at the end …
PTI
4 mins read
Coronavirus cases in India crosses 3,700 mark, 267 cured and 77 dead
Of these, 3,374 are active cases, while 267 individuals have been cured and discharged from the …
3 mins read
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
1 min read
Fundamental drivers of economy gaining momentum, India on sustainable growth path: RBI Governor Das
In the inaugural address at FIBAC 2024, the governor said that massive changes are taking shape in …
PTI
3 mins read
Time to push divestment of state-owned banks, says SBI report
With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…
PTI
4 mins read
Budget size almost unchanged from interim, shows govt's commitment to fiscal prudence: Experts
According to the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman, the total e…
PTI
4 mins read
Union Budget 2024-25 key highlights: Angel tax to be scraped
You can watch the presentation live on the official Youtube channels of the government. After her s…
4 mins read
Possibility of rival bids for Go Airlines? It is a hypothetical question: says CEO Kaushik Khona
Even though the Wadia group has approached the National Company Law Tribunal (NCLT) voluntarily to …
1 min read
Opportunity must be given to borrowers before banks declare their account as fraud: SC
The Supreme Court on Monday ruled that an opportunity must be given to an account holder to be hear…