Latest News on Bankruptcy code
Showing of 20 - 30 from 79 results
Bankruptcy code - Total results - 79
Jul 24, 2017
NPA recovery: Government introduces Banking Regulation BillThe Centre may authorise the Reserve Bank of India to direct banks to initiate recovery proceedings against loan defaulters.
Jul 19, 2017
Insolvency proceeding: NCLT allows Essar Steel to file objections to SBI, Standard Chartered pleasThe State Bank of India (SBI), which leads the joint lenders forum, and the Standard Chartered Bank have sought initiating insolvency proceedings against Essar Steel under the Insolvency and Bankruptcy Code (IBC).
Jul 18, 2017
Gujarat HC order on Essar Steel bankruptcy: Could it be a setback to NPA resolution?Essar had the gall to approach the Gujarat High Court with a pretended sense of hurt----Why me?
Jul 18, 2017
Gujarat HC order on Essar Steel is good news but hope of defusing bad loan bomb by 2019 is wishfulThere isn’t the required infrastructure in place as of now to initiate a large number of bad loan cases, involving huge amounts, where no significant repayment has been made for years
Jul 18, 2017
NPA battle: Gujarat High Court dismisses Essar Steel plea against RBI's insolvency orderEssar's contention was that this directive was improper in its case, as the company was in an advanced stage of loan restructuring.
Jul 17, 2017
NPA battle: RBI likely to start insolvency proceedings vs Rs 8 lakh cr bad loans by March 2019It is no secret that NPAs are a big drain on the financial health of banks especially public sector banks (PSBs).
Jul 12, 2017
SBI not rushing towards bankruptcy code due to lack of ecosystem says Arundhati BhattachryaRBI had identified 12 large accounts with exposure of more than Rs 5,000 crore and more than 60 per cent of which is recognised as NPAs.
Jul 11, 2017
New bankruptcy law nets first victim, Innoventive Industries; but questions raised on its efficiencyThe Reserve Bank of India has already told banks to push 12 of the largest defaulters into insolvency, but experts worry the framework is largely untested
Jul 06, 2017
Arun Jaitley says cleaning up political funding next big reform for govt after GSTThe government is looking forward for some major steps to be announced towards cleansing politics, Arun Jaitley said
Jul 05, 2017
NPA resolution: Essar Steel moves high court against insolvency proceedingsClamping down on bad loans, the RBI had last month identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans, accounting for 25 percent of total NPAs of banks.