Injeti Srinivas
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.
Govt plans loan waiver for 'small distressed borrowers' under insolvency law
The proposed waiver would be offered as part of 'Fresh Start' provisions under the Insolvency and Bankruptcy Code.
Govt-constituted panel suggests making CSR non-compliance civil offence
Companies having CSR prescribed amount below Rs 50 lakh can be exempted from the need of constituting a CSR committee, as per the report.
CSR no more an act of magnanimity; no intention to criminalise any default: Corp Affairs Secy
It is more of a drafting issue and not imposition of an additional penal provision, said Corp Affairs Secy Injeti Srinivas.
Imminent crisis in NBFC sector: Corporate Affairs Secy
The financial system has been grappling with multiple woes in the wake of the turmoil at IL&FS group.
Over 12,000 cases filed since implementation of insolvency law, says govt
Corporate Affairs Secretary Injeti Srinivas said the NCLT has been very expeditious in disposing cases related to insolvency.
Govt ready to make more changes, if necessary, to insolvency law
Corporate Affairs Secretary Injeti Srinivas also sought to dispel certain "myths" regarding the law.
Govt plans to have more National Company Law Tribunal benches
A case is admitted for resolution under the Code only after approval from the NCLT.
Changes to insolvency law to be prospective: MCA official
The 14-member panel, headed by Srinivas, has recommended various changes to the Insolvency and Bankruptcy Code (IBC).