RBI issues FAQs on Resolution Framework for Covid-19 related stress
1. In Paragraph 4 of the Annex to the Resolution Framework, it is stated that the reference date for the...
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Global banking Industry may lose $3.7 trillion revenue in Covid aftermath, says Mckinsey report
The global banking industry will witness $3.7 trillion revenue loss between 2020 and 2024 amid muted global recovery in the...
Creditors not too keen on Videocon Group promoter’s full-payment proposal
Venugopal Dhoot, the promoter of Videocon Group, had recently offered to pay the full outstanding amount of Rs 31,000 crore...
Ex-promoter Kapil Wadhawan alleges 63 Moons of derailing DHFL’s resolution process
Ex-promoter Kapil Wadhawan has alleged that Jignesh Shah-owned 63 Moons Technologies Ltd is trying to derail the insolvency resolution process...
NCLT asked to deliver final verdict on Bharati Defence & Infrastructure liquidation case within a week
The National Company law Appellate Tribunal (NCLAT) has asked the Mumbai Bench of the National Company law Tribunal (NCLT) to...
ArcelorMittal gets temporary relief from paying Rs 1,300 cr more in Essar Steel insolvency case
ArcelorMittal India has got a stay order against the payment of Rs 1,300 crore additional CIRP cost by 15 December...
Paper 1 of CA Foundation Exam on 8 Dec postponed by five days; to be held on 13 Dec
It is notified for general information that, due to unavoidable circumstances, the CA Foundation Exam, Paper– 1, Principles and Practice...
On what parameters should an insolvency professional be judged? Here are some views
It has been more than four years since the Insolvency and Bankruptcy Code (IBC) came into existence. And during these...
NCLAT reprimands Excise Dept for delay in filing claims; causing loss to exchequer
The National Company Law Appellate Tribunal (NCLAT) has chastised the Excise and Taxation Department of Haryana government for its negligence...
NCLT approves Jio’s Rs 3,720-crore bid for Reliance Infratel
Mukesh Ambani-owned Reliance Jio has acquired brother Anil Ambani’s Reliance Infratel Ltd through its associate company Reliance Digital Platform &...