RBI’s February 12 bankruptcy circular has been challenged by PSU Bankers’ union
Reserve Bank of India’s (RBI’s) controversial February 12 circular that bankruptcy proceedings will kick in 180 days.
Search Results for: Non- Performing Assets
65 Bad Loan Accounts have been referred to NCLT for resolution by Allahabad Bank
Insolvency Code has motivated a lot of lenders to suo moto move the court against their borrowers and recover their bad debts without showing any further leniency.
Indian Overseas Bank faces a bad loan of Rs.3,606.73 cr
Public sector lender Indian Overseas Bank’s net loss widened to Rs 3,606.73 crore in the March quarter due to higher provisioning for mounting bad loans.
Homebuyers get a relief under the Insolvency and Bankruptcy Code, 2016
Homebuyer is a person who buys or expects to buy a house. And A promoter is an individual or organization that helps raise money for some type of investment activity.
2100 companies have settled bank dues of rupees eighty three thousand crore under IBC
The ministry of corporate affairs showed that over 2,100 companies have cleared their outstanding amounts, a majority of which came after the government amended the IBC.
RBI’s February Circular-Stressed Asset Resolution
The RBI’s February 12 circular on non-performing loans has stirred a hornet’s nest. Banks, India Inc and even the government are opposed to it and are vigorously lobbying the central bank
Essar Steel- What led to the landmark case under Insolvency and Bankruptcy Laws?
Amongst the 11 high profile case under the purview of Insolvency Code, Essar Steel has attracted a lot of attention.
11 public sector banks placed under RBI’s PCA framework
Eleven public sector banks are under the radar of the Reserve Bank of India (RBI) over the issue of non-performing assets.
Government plans to have more NCLT benches
The government plans to have more benches of the National Company Law Tribunal on the basis of case load and rising number of insolvency cases coming up before the NCLT.
Difference between NCLT and DRT
A detailed article on NCLT and DRT and the difference between them and how can corporate bodies approach NCLT against their borrowers/debtors.
Suspected PNB is just 5 days away from getting a defaulter tag
The Government and the Reserve Bank of India (RBI) may need to venture in to stay away from an uncommon occasion in Indian banking.
Banks to deal with Nirav Modi, NPAs and rising yields
As one of the most eventful quarters for banks comes to a close, lenders’ balance sheets are hit by a triple whammy that could take them a while to recover.
Importance of debt recovery for Corporates
The secret to any successful business is good customer relations. Don’t allow too much time to pass without notifying your client that credit terms have been broken.
India: RERA, lender’s perspective- Obstacles and Mitigation
A glance at how RERA impacts moneylenders, and how it can be alleviated.
Appellate tribunal stays NCLT order allowing promoter to bid for firm
An appellate tribunal has stayed the order of the National Company Law Tribunal (NCLT) allowing the promoter of MBL Infrastructure to bid for his insolvent company. It also stayed the resolution plan for the company. The Kolkata bench of the NCLT had allowed the promoter of MBL Infrastructure, Anjanee Kumar Lakhotia, to place a resolution … Continue reading “Appellate tribunal stays NCLT order allowing promoter to bid for firm”
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