McNally Sayaji Engineering Ltd is going to face bankruptcy, the first casualty of the financial turmoil at Williamson Magor Group. The company is an unlisted subsidiary of McNally Bharat Engineering ...

People notoriously fail to stick to New Year’s resolutions, and this year it may be even harder. Common New Year’s resolutions each year include exercising more, losing weight, saving mone...

The Securities and Exchange Board of India (Sebi) on Wednesday relaxed the profitability criteria for the sponsors of mutual funds apart from ringfencing the assets and liabilities of mutual fund sche...

The National Company Law Appellate Tribunal (NCLAT) has said insolvency proceedings cannot be triggered on the basis of debt that has been converted into capital such as equity of a company. The appe...

All eyes are fixed on the hearing of Calcutta bench of National Company Law Tribunal (NCLT) on the revival of steel city’s Incab Industries Limited.Incab sources said the NCLT, a quasi-judicial body...

The government has set up an expert committee for the time-bound resolution of exploration and production disputes without having to take resort to a lengthy judicial process.The “committee of exter...

The National Company Law Tribunal has admitted a petition to initiate a bankruptcy process against private life insurer Aviva Life Insurance Co India Ltd.The New Delhi bench of the tribunal passed the...

Former chief minister Jitan Ram Manjhi slammed chief minister Nitish Kumar for installing a high resolution CCTV camera facing his neighbour and leader of the Opposition Tejashwi Prasad Yadav’s 5 De...

Union finance minister Nirmala Sitharaman on Friday disclosed that North Block has again started working on the Financial Resolution and Deposit Insurance (FRDI) Bill. The bill had spooked depositors ...

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...