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Insolvency Bankruptcy Code 2016
Business  /  Published 27.08.20

‘Surge in NPAs makes bad bank inevitable’

Former RBI governor D. Subbarao made a strong case for setting up a bad bank, saying it is “not just necessary but unavoidable” in the present circumstances when NPAs are likely to balloon...
By PTI in New Delhi

Opinion  /  Published 27.08.20

Long shadow: Debt restructuring

The moratorium on loans to businesses and retail borrowers in financial stress after the outbreak of the pandemic draws to a close by the end of the month. With still no indication of when the crisis ...
By The Editorial Board

Opinion  /  Published 23.07.20

India’s perennial banking dilemma

The last worldwide economic crisis in 2008 was supposed to have been triggered by the free-wheeling liberalisation of rules and regulations governing American banks and financial institutions by Alan ...
By Ashok Ganguly

Business  /  Published 15.11.18

Binani Cement’s suitor ready for SC battle

Dalmia Bharat plans to punch holes in the judgment delivered by the company appellate tribunal validating a rival bid for bankrupt Binani Cement by litigating at least on four counts when the Supreme ...
By Sambit Saha in Calcutta

Business  /  Published 11.12.19

Cabinet okays insolvency rule rejig

The Union cabinet has approved a major overhaul of the Insolvency & Bankruptcy Code, 2016, by proposing to amend as many as 12 sections and inducting a new one, encompassing several crucial subjec...
By Our Special Correspondent in Calcutta

Business  /  Published 17.07.19

The return of 'waterfall mechanism' in payouts

The Union cabinet has approved an amendment in the Insolvency and Bankruptcy Code (IBC) that restores the “waterfall mechanism” which determines the order of precedence while paying out the dues o...
By Sambit Saha in Calcutta

Business  /  Published 24.01.19

Adhunik Metaliks lenders seek new buyer

Lenders to bankrupt steel maker Adhunik Metaliks have sought permission from the National Company Law Tribunal to negotiate with the second highest bidder, Maharashtra Seamless.Citing default in payme...
By Sambit Saha in Calcutta

Business  /  Published 12.12.19

Insolvency rule tweak widens ambit of bidders

The latest burst of amendments to India’s three-year-old bankruptcy law appears to have opened an escape hatch to allow more bidders to participate in the revival of stressed assets by restricting t...
By Sambit Saha in Calcutta

Business  /  Published 08.09.19

Debt recast prescribed for McLeod

ICICI Bank, the lead lender to troubled bulk tea producer McLeod Russel India Ltd (MRIL), has appointed SBI Capital Markets to carry out a comprehensive restructuring of McLeod’s debt .SBI Caps is m...
By Sambit Saha in Calcutta


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