AI revival plan may fall short

The airline management seems helpless in tacking these undisciplined, highly paid staff.

Bankruptcy ordinance puts premium on integrity, promotes clean biz: FinMin

The ordinance is primarily aimed at safeguarding the public money from being misused by dishonest businesses.

The ordinance aims at preventing 'unscrupulous, undesirable persons from misusing or vitiating the provisions of the Code'.

The Finance Ministry had earlier asked banks to ensure that wilful defaulters were prevented from buying same stressed assets again.

It has been brought to the notice of the ministry that some wilful defaulters are making bids to buy assets cases referred under IBC.

In one year of existence, the Insolvency and Bankruptcy Board of India (IBBI) has already put in place the infrastructure ecosystem.

The Supreme Court also asked the NCLT-appointed insolvency resolution professional to take over management of the company.

Media reports claim 12 large accounts which have been marked for resolution.

Efforts should be made to revive projects of Jaypee Infratech whose 32,000 customers have not got possession of their flats.

The Reserve Bank earlier in June had asked banks to finalise a resolution plan within six month to resolve bad loans.