Proceed to NCLT for recovery of dues under Insolvency & Bankruptcy Code
To initiate recovery procedure one can approach the National Company Law Tribunal which exercises the power to dispose cases under Insolvency Code.
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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.
Soaring NPAs, NBFCs and HFCs at rescue!
Introduction Non-banking finance companies and mortgage lenders, which control the lion’s share of developer loans, are using all the tricks in the marketing and finance trade books to help realtors still smarting from the pains inflicted by the note-ban, Rera and GST, to sell their inventory so that these lenders secure their monies. According to … Continue reading “Soaring NPAs, NBFCs and HFCs at rescue!”
Corporate Debt Restructuring
Based on the experience in other countries restructuring of corporate debt and need for a similar mechanism in India, a Corporate Debt Restructuring System was evolved, and detailed guidelines were issued.
Is it legal to transfer debt recovery rights?
The company which is undergoing loss because of bad debts can sell its debts to a third party buys back its debts on an agreed amount.
RBI black-listed 9500 defaulting NBFCs
NBFCs or the non-banking financial companies as we call it are now under the radar of the Reserve Bank of India. Traditionally, India has had a bank dominated financial sector. Even so, there have always been Non-Banking Financial Companies to provide finance to mainly unorganized markets. NBFC have continued to complement banks in providing … Continue reading “RBI black-listed 9500 defaulting NBFCs”
An Awareness for Tamil Nadu Developers – RERA
Almost every State RERA Authority has started functioning to serve the purpose of the Act and ensuring that no provisions are left untouched by the Builders or Developers. In this article we are going to discuss about the functioning of Tamilnadu RERA Authority.
Legal Remedies: Debt Recovery in India
Outsource your work to debt recovery management organizations who while maintaining the harmony of your business relations will realize your debts with their expertise.
Increase your take home pay by restructuring your salary
It is highly require to understand your salary structure and discuss it in detail with your HR to get a favourable salary break-up before you hands in with your salary.
NCLT gives Shirdi Industries to promoters, offers hope to others
In a landmark judgement which may assist different promoters who are combating to defend their organizations, Mumbai-primarily based laminates maker Shirdi Industries has come to be the first case where a National Company Law Tribunal (NCLT) exceeded an order that allowed the corporation to be surpassed over to the same promoters for implementing the decision … Continue reading “NCLT gives Shirdi Industries to promoters, offers hope to others”
Banks can take advantage of the IBC to easy up their balance
The Reserve Bank of India has suggested banks to report for insolvency complaints on their very own rather than watching for its commands.
Ways To Get Finance To Start a New Business
Getting a small business off the ground is a huge achievement, but establishing financing on a solid footing is critical to whether an enterprise ultimately succeeds or fails.
Check! How You Can Restructure Your Salary Package
Yet if you have not re-designed your Salary Package , then this is the change available with you to smartly restructure the same to avoid extra tax burden
7 Definitive ways to get Fund for Startup
Entrepreneurs are full of great ideas and powerful ways to implement them, but like anything in life, starting a new business requires a hefty stack of cold, hard cash.
Afraid of Debt Collectors! Here are ways to deal with Debt Collectors & Agencies
A company or agency that is in the business of recovering money from debtors of others known to be Debt Collectors. Many debt collectors are hired by companies for a fee or for a percentage of the total amount collected. These companies purchase debt at a fraction of its face value and then attempt … Continue reading “Afraid of Debt Collectors! Here are ways to deal with Debt Collectors & Agencies”
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