‘ARCs lack capital, operational heft to revive stressed assets meaningfully’
Anita Shah, Joint Secretary at the Ministry of Corporate Affairs, has underscored the need for a calibrated strategy to address...
Month: March 2025
RBI revises norms for govt-guaranteed security receipts issued by ARCs
Banks and financial institutions transferring stressed loans to ARCs can now reverse excess provisions to their Profit & Loss (P&L)...
Shree Naman Developers buys out insolvent Neptune Developers for Rs 391 crore
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the Rs 391 crore resolution plan for Neptune Developers Limited,...
CA final exam to be conducted 3 times a year: ICAI
In a move aimed at aligning with global best practices and providing students with greater opportunities, the Institute of Chartered...
SC quashes tax demand notice against JSW Steel in Monnet Ispat & Energy insolvency case
In a significant ruling, the Supreme Court of India has quashed tax demand notices issued by the State of Chhattisgarh...
Bank of India classifies Rs 616-crore loan to Rolta India Ltd as fraud
Bank of India has classified its Rs. 616.30 crore exposure to debt-ridden Rolta India Ltd as fraud, according to a...
Adanis, JSW, Vedanta among 26 bidders in race for Jaiprakash Associates assets
Jaiprakash Associates Limited (JAL), the flagship company of the Jaypee Group, is at the centre of one of India's most...
Assets of Jaiprakash Associates up for grabs under insolvency process
Jaiprakash Associates Limited (JAL) is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016...
Rs 17.5 lakh crore bad loans written-off in past 10 years by Indian banks: Govt
The Indian government has disclosed that scheduled commercial banks (SCBs) have written off a staggering ₹17.5 lakh crore in bad...
ACME Cleantech buys another Anil Ambani-promoted company Reliance Infrastructure Consulting & Engineers
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Manoj Kumar Upadhyay...