Bankruptcy Code

How can absconding promoters make one-time settlement offers, NCLT asks Sterling Biotech lenders

The four promoters of Sterling Biotech--Nitin Sandesara, Chetankumar Sandesara, Dipti Chetan Sandesara and Hiteshkumar Patel, are absconding and are facing extradition orders.

Over Rs 2 lakh crore bad loans settled, fresh NPA additions come down, says govt official

Over Rs 2 lakh crore worth of loan defaults have been settled and fresh addition of non-performing assets of financial institutions has also come down after the Insolvency and Bankruptcy Code (IBC) came into being in 2016

Political expediencies can't dictate capital buffer for banks, says senior Reserve Bank of India official

In the comments that come amid repeated demands from key finance ministry mandarins to lower the core capital requirements and align it to the global levels, the RBI official suggested that the debate over capital buffers itself is irrelevant, and the numbers 8 or 9% does not matter

At IBBI-FICCI huddle in New York, Arun Jaitley says bankruptcy code-led stressed assets sale 'great opportunity for foreign investors'

India’s finance minister Arun Jaitley, principal economic advisor Sanjeev Sanyal and Chairman of the Insolvency and Bankruptcy Board of India (IBBI) M S Sahoo made a strong pitch for turbocharging foreign investment in Indian companies' stressed assets that will be going up for sale in the coming months.

Does IMF's take on Indian economy offer the best answer to Nitin Gadkari’s 'where are the jobs' question?

India needs to grow much faster, particularly labour-intensive sectors such as manufacturing and construction to generate enough jobs for millions of new job aspirants

One way to remove irritants from India-US relationship is to get rid of tariffs: USISPF CEO and president Mukesh Aghi

The US-India Strategic Partnership Forum (USISPF) is an organisation that for years has played an important role in creating a strong strategic partnership between the two countries

State-run banks not under PCA framework expected to retain loan market share at 51% medium-term

Private sector banks are expected to increase it from 30.9 percent in March 2018 to 38-40 percent in the foreseeable future and stabilise at that levels

Quick resolution to bank NPAs problem unlikely: Industrialist Rahul Bajaj

Indian banks are unlikely to see a quick resolution to their 'terrible state' of being saddled by a huge overhang of NPAs despite the new bankruptcy process in the country, according to Bajaj Auto Chairman Rahul Bajaj

Vedanta to buy 90% of Electrosteel: IBC is a big winner for ailing banks but the judiciary can still spoil party

India's judiciary would do well to stay out of bankruptcy proceedings, critical for the survival of the NPA-ridden banking sector.

IBC: Cabinet approves amendments to bankruptcy code, proposes to classify home buyers at par with lenders

The present amendment is based on recommendations of a 14-member government appointed committee that had last month suggested a slew of measures, including addressing woes of home buyers and making recoveries easier for lenders