MSME promoter regains his firm after lengthy insolvency proceeding
Even as the government is planning to make sweeping changes in the insolvency and the bankruptcy laws for the MSME...
Month: August 2020
Mamta Binani: Baptism by Fire
Mamta Binani, an insolvency professional, lawyer and a company secretary, may have earned many laurels in her illustrious career –...
One-time restructuring of loans to worsen banks’ asset quality: Fitch Ratings
The Reserve Bank of India’s (RBI) recent proposal of one-time restructuring of loans will extend uncertainty over the banking sector’s...
Plea of Uttam Value Steel operational creditors for fair treatment dismissed by NCLT
It is no secret that the operational creditors have got a raw deal when it comes to getting their outstanding...
Recovery rate at paltry 12.5% as only 7 insolvency cases saw resolutions in Apr-June
Covid19 has taken a toll on the whole insolvency ecosystem as is evident from the number of cases which saw...
45% customers have opted for loan moratorium: Finway
Finway, a Delhi-based NBFC, says 45% of all its borrowers have applied for loan moratorium. This behavior, however, is more distinctly...
Coronavirus puts 1.7 million SME jobs in danger in UK
As many as 520,000 small and medium enterprises (SMEs) in the United Kingdom are in significant stress due to Covid19...
The curious case of Era Infra
Era Infra was one of the 12 large loan default cases referred by the Reserve Bank of India to the...
Japan sees 100 Covid19-related bankruptcies in July
Japan has seen over 400 companies filing for bankruptcy as a result of Covid19 outbreak, reports Bloomberg News. In July,...
Insolvency regulator issues list of red flags on avoidance transactions
Certain categories of enterprises operating in domains such as trading infrastructure, construction, EPC contracts, real estate, power, Steel etc are...