ED transfers Rs 8442 crore attached assets of Mallya, Choksi and Nirav Modi to PSU banks
The enforcement directorate has transferred attached assets worth Rs 8,441.5 Crore to Public Sector Banks, who suffered losses due to...
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NCLT allows new management to complete statutory compliances prior to resolution
The Mumbai bench of the National Company Law Tribunal (NCLT) has in an important judgement allowed the successful resolution applicant...
Is IBC losing its sting? Recovery rate drops to 39%
Is the Insolvency and Bankruptcy Code (IBC) losing its sting? After the recent controversies on giving backdoor entry to ‘unscrupulous’...
Resolution plan binding on Central & state govts, local authorities, says Supreme Court
The Supreme Court in an important judgement on has reiterated that once a resolution plan is duly approved by the...
ICAI warns CAs, students against objectionable social media posts
So why is the Institute of Chartered Accountants of India (ICAI) asking CAs and students exercise caution while sharing their...
No TDS on capital gains from sale of company assets under liquidation: NCLAT
Should a buyer of asset under liquidation deduct 1% TDS on the capital gains as per Income Tax Act? The...
Entrance test for Graduate Insolvency Programme to be held on 9 May; registration begins from 20 January
The Graduate Insolvency Programme Common Entrance Test (GIPCET) for 2021-23 session will be held on 9 May 2021, the registration...
Nithia Capital and CarVal complete acquisition of Uttam Galva Metallics, Uttam Value Steel
Nithia Capital, a global distressed alternative asset manager and advisors, and CarVal Investors, a global alternative investment manager focused on...
Customers accounting for 40% loans opted for moratorium, says RBI report
PSBs: Public Sector Banks, PVBs: Pvt Banks; FBs: Foreign Banks; SFBs: Small Finance Banks; UCBs: Urban Co-operative Banks; NBFCs: Non-banking...
My history is not patchy and poor, says US-based NRI who has bid for Air India
Laxmi Prasad, chairman at Interups Inc, who has submitted his bids for national carrier Air India, has taken to social...