Tuesday 24 November 2020
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Insolvency proceedings against Godrej partner MagicInfo start

A two-member NCLT bench, comprising R Varadharajan and KK Vohra, has admitted the insolvency plea moved by three flat buyers who had bought units at 'Godrej Summit' project in Gurgaon

Back door entry for errant promoters? NCLAT allows promoters under liquidation settle with creditors

Section 29A of IBC & Section 230 of Companies Act are conflicting in spirit, not in letters of law. Both laws are working at cross purpose.

Jet Airways sent to bankruptcy court; banks abandon revival attempt

The lenders wanted a settlement of the Jet Airways case outside the IBC but it will be settled under the law the Narendra Modi government had introduced during its previous term  

Making Banking Assets Perform: Tata Steel Acquires Bhushan Steel

Bad loans have been the deeper malaise of public sector banks which have inflicted deep wounds on Indian growth story. Narendra Modi government inherited...

Banks set to refer 23 of 28 large stressed accounts to NCLT

Mumbai: With the RBI's deadline ending today to resolve the 28 large stressed accounts that the regulator had identified on its second list, banks...

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