Latest News on Insolvency And Bankruptcy Code
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Insolvency And Bankruptcy Code - Total results - 191
Jul 31, 2017
GST not an easy reform to implement, evoked great public support, says Arun JaitleyFollowing the rollout of GST, the number of registrants originally paying taxes like VAT, Excise and Service Tax, which was around Rs 80 lakh, has been growing said Jaitley
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
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 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.
Jun 26, 2017
NPA resolution: Banks may have to take 60% haircut on 12 large bad loan accounts, says CrisilThe RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016 (IBC), which provides for these companies to be referred for liquidation.
Jun 23, 2017
New NPA resolution process weakens our banks just as farm loan waivers do; here's whyBy creating a culture of inertia when it comes to debt-servicing, the message sent out is that at the end of the day there will be support coming from the government in some form to ensure that the system does not collapse