Recent Highlights
All Stories for Bankruptcy Code
How can absconding promoters make one-time settlement offers, NCLT asks Sterling Biotech lenders
• 6 years agoThe 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
• 6 years agoOver 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
• 6 years agoIn 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'
Nikhila Natrajan • 6 years agoIndia’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?
Dinesh Unnikrishnan123 • 7 years agoIndia 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
Fp Staff • 7 years agoThe 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
• 7 years agoPrivate 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
• 7 years agoIndian 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
Dinesh Unnikrishnan123 • 7 years agoIndia'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
• 7 years agoThe 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