Loan converted into equity not to be termed as financial debt under IBC: NCLAT
The National Company Law Appellate Tribunal (NCLAT) has recently pronounced a judgment saying that once the debt is converted into...
Loans
Real estate sector gets most ‘favourable’ terms under new resolution framework
The expert committee under the former ICICI Bank Chairman KV Kamath set up by the Reserve Bank of India (RBI)...
Bank loan frauds jump three times to Rs 1.82 lakh crore in 2019-20
Bank loan frauds have seen sharp jump in 2019-20 as the latest annual report (2019-20) of the Reserve Bank of...
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...
New resolution plan offers additional credit, tenure extension, debt conversion facilities to corporate debtors
The separate resolution plan for corporate borrowers announced by the Reserve Bank of India (RBI) today will have steps like...
Banks can restructure loans of covid-hit MSMEs without asset downgrade
Existing loans to MSMEs facing stress due to Coronavirus-related restrictions could be restructured without a downgrade in the asset classification....