IBC
Key tax, other deadlines extended; ATM charges waived
Govt to announce economic package soon to cushion impact of coronavirus, says Sitharaman
DHFL shares fall nearly 5 pc as RBI starts resolution process
Over 17 lakh shares of DHFL were traded on the NSE, while the BSE saw an exchange of 4.51 lakh shares.
Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecution
The move will help make the insolvency process more attractive for the bidders and instil confidence in them, sources said.
NBFCs with Rs 500 cr assets can go for insolvency resolution
On Friday, the ministry notified the framework for dealing with systemically important FSPs, excluding banks.
No need to escalate one case to reflect everything to do with IBC: Sitharaman
Bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.
Govt mulls raising Rs 1 lakh default threshold for invoking IBC: Srinivas
The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti Srinivas.
SC upholds IBC amendments, status of homebuyers as financial creditors
The bench said only genuine homebuyers can invoke insolvency proceedings against the builder.
Jet Airways employees seek interim financial relief
AK Mohanty said one month's salary should be released to Jet Airways employees for their basic survival.
Finance Minister Sitharaman to meet CEOs of PSU banks on Friday
The country's largest bank, State Bank of India, has lending worth Rs 1.76 lakh crore classified as NPA till march 2019.
NCLAT extends Jaypee Infratech insolvency period by 90 days
Appellate tribunal rejected the plea of Jaiprakash Associates Ltd, the promoters of Jaypee Infratech, to be eligible to submit bid.